INSUBCONTINENT EXCLUSIVE:
The department is providing pre-filled ITR-1, ITR-2, ITR-3 and ITR-4 forms.The last day for filing Income Tax Return (ITR) for assessment
year 2019-20 (financial year 2018-19) is July 31
This time, the income tax department has introduced pre-filled ITR (Income Tax Return) forms for certain class of taxpayers
The department is providing pre-filled ITR-1, ITR-2, ITR-3 and ITR-4 forms available for download as XML files
These pre-filled forms contain details of income and taxes paid by assessees during the year
are chances that discrepancies could creep in while furnishing of this data.Individuals having an annual income of Rs 2.5 lakh or more are
mandatorily required to file income tax returns, according to the Income Tax Department's website
For senior citizens (individuals between 60 years and 80 years of age), the limit is Rs 3 lakh, and for very senior citizens (aged above 80
the Income Tax department.How to file your income tax return (ITR) online:Step 1: Individuals who wish to file income tax return will have
to register with the Income Tax Department's e-filing portal - incometaxindiaefiling.gov.in - using their Permanent Account Number
(PAN).Step 2: They will have to then prepare and submit their return and income tax and interest if any will be automatically
calculated.Step 3: After submitting the return individuals need to verify their returns and that can be done using Electronic Verification
Code (EVC) or Aadhaar OTP or digital signature certificate.Get Breaking news, live coverage, and Latest News from India and around the world
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