INSUBCONTINENT EXCLUSIVE:
The income tax e-filing process is completed only after you verify or e-verify your ITR after submissionHave you filed your income tax
return (ITR) If not, you have to file your I-T return by July 31 in order to avoid penalty up to Rs 10,000
The Income Tax Department has provided seven ITR forms - ITR 1, ITR 2, ITR 3, ITR 4, ITR 5, ITR 6 and ITR 7 - to enable assessees to file
their income tax return online
The process of filing of an I-T return online is known as e-filing
the I-T department's website - incometaxindia.gov.in
Do you know which ITR form is applicable to you for your income tax return ( Find out your tax slab for FY2017-18)ITR 1 or 'Sahaj'Income tax
house properly or other sources
taxman.Here's what the income tax return form Sahaj looks like:ITR 2: This form is meant for the individuals and Hindu Undivided Families
eligible to file Sahaj (ITR-1) and who is not having any income under the head 'Profits or gains of business or profession'," according to
the Income Tax Department
tax return form 3, also known as ITR 3, is for individuals and HUFs having income from profits and gains of business or profession
presumptive income from a business or profession
Income Tax Act, income from a profession where it is computed in accordance with special provisions referred to in Section 44ADA of the
Income Tax Act and income from salary or pension.Here's what ITR 4, or Form 'Sugam', looks like:ITR 5: This form can be used by entities
such as firm, limited liability partnership (LLP), association of persons (AOP), body of individuals (BOI), artificial juridical person and
cooperative society and registered societies.ITR 6: This form is meant for the companies other than companies claiming exemption under
class of taxpayers with income up to Rs 50 lakh from salary, one house property only and additional income such as interest earned from
