India Income Tax Returns Online

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How to File Returns

For the given assessment year, Income India Return Tax is paid on the total income earned during the preceding financial year.

Eligibility

  • For individuals, Hindu Undivided Families, Association of Persons and Body of Individuals, Income Tax Return has to be filed if the annual income is more than ` 50, 000 or if one out of six economic criteria is applicable, irrespective of the income.

  • Companies need to file returns compulsorily every year.

  • Firms and co-operative societies need to file return of income if they have any income or if one out of six economic criteria is satisfied, irrespective of the income.

Note: Return of income has to be filed even if tax has been deducted at source. It has also to be filed by certain legal representatives and representative assessees.

Selecting the correct form

The forms prescribed for different types of Income Tax assessees are:

Form No.1 Companies other than those claiming exemption under Section11
Form No.2 Assessees other than companies and those claiming exemption u/s 11 of the I.T. Act, 1961 and whose total Income includes 'profits and gains of business of profession'.
Form No.2A Resident individual assessees having income from any source other than business or profession, it the total income does not exceed ` 2 lakh and if there is no brought forward or carry forward loss except under house property.
Form No.2B Return of Income for the block period.(For search & seizure cases).
Form No. 2C Return of Income for those who come within the ambit of 'One out of six scheme.
Form No. 2D Income Tax Return Form for non Corporate Assessees other than persons claiming exemption under Sec. 11 (Saral Form).
Form No.3 For assessee (other than companies and those deriving income from property held for charitable and religious purposes claiming exemption under section 11) whose total income does not include "profits and gains of business or profession.
Form No.3A For assessees including companies claiming exemption under section 11.


Wealth Tax Returns

Form A Return of net Wealth for individuals and Hindu undivided families.
Form B Form of returns of net Wealth under sub-section (1) or sub-section (2) of section 14 of the Wealth Tax Act, 1957, for companies only.


Paying Income India Return Tax

You have to pay the Income India Return Tax using the appropriate challan. Please mention your Permanent Account Number (PAN) and Assessing Officer Code number in the challan. The tax may be deposited in RBI, State Bank of India, IOB, Indian Bank, and other notified banks. To get challans, you can contact the Public Relations Officer (PRO) at 8276737 or your assessing officer.

The check accompanying the challan has to be made payable to "Name of Bank/Branch - A/C Income Tax" (in case the check is deposited in a branch different from where the assessee has his account) or "Yourselves- A/C Income Tax" (if check is deposited in the branch where he has account).

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