There Is Interest And Penalty For Not Filing Income Tax Return In Indi

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income filing return procedure is an important aspect and you should know about it if you are earning income.


Presentation Transcript

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There Is Interest And Penalty For Not Filing Income Tax Return In India Income Tax Act formulated by Indian Government states that those whose total income of the preceding year crosses the threshold limit which is not chargeable to tax have to file returns on income tax. Filling for income tax returns is simple if you have only salary income for other source of income such as business or capital gains it could be a difficult task if you are not a professional. In this hectic schedule Experts at caonweb helps people to file for income tax in a hassle-free way. Income tax return filing procedure is easy for simple return where

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you need to fill up only few section such as if you have only one source of income like pension or salary or commission then you can do it yourself on computer. If other than these sources of income then there are numerous professionals out there those who can help you so as to file your returns. The best thing about filing Income Tax Returns online is that you can do this according to your wish and comfort. You do not have to take any leave from office just file your income tax returns. The due date for filing tax returns in July 31st. for those who has to get their books audited under income tax Act The due date is 30 th Sep. Who can File Income Tax Return Online Filing of income tax returns turns out to be very easy and smooth and is now adopted by most of the assesses. 1. Those who earn Rs. 5 Lakhs and above. 2. Individual/HUF dweller with possessions those are positioned outside the country. 3. In order to submit the proof you need to prepare a comprehensive report of audit which is under the following sections

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1023C via 1023C VI 1023C v 1023C IV 10A 12A 1 b 44AB 80IA 80IB 80IC 80ID 80JJAA 80LA 92E or 115JB of the Act. According to Section 112 a the return filer needs to give a notice to the assessing officer. 4. A firm falling under guidelines of section 44AB Cooperative Society BOI AOP Artificial Juridical Person and Local Authority ITR 5. 5. An assessee is responsible for producing returns U/S 139 4B ITR 7. 6.If you are a resident of India with signing authority of any account that you are holding outside India. 7. If you claim relief under sections 90 or 90A or the deductions were claimed as per section 91. 8.All companies. Ways of Filing Income Tax Return Online: 9. Digital Signature Certificate DSC to file your returns online. A chartered accountant is necessarily required in case if you wish to file IT forms with the help of Signature Certificate DSC. 10. In case if you wish to file online without using DSC an ITR V form is formed. This form needs to be printed and signed. Then after completing the formalities you need to submit it to CPC Bangalore. You can do this through speed post or even speed post but make sure it reaches within 120 days from filling your form. 11. While filing returns online there is no compulsion to file it using an E-return Intermediary ERI or you can do so without DSC. For More Information Visit Here :- return.php Business Email Id:- Contact no:- 91 1204231116 Address:- NOIDA OFFICEG45 First FloorSector 6City - Noida 201301