This presentation takes one through the basic e-filing procedures under the Income Tax Rules prevailing in India. It explains the concepts in a very simplified manner.
23. New IT Returns â Annexure-less Forms CA Sandesh Mundra, Reach us at www.smaca.in For Individuals, HUF Select appropriate Income Tax Return (ITR) Preparation Software ITR-1 ITR-2 ITR-3 ITR-4 Individual Individual Individual Individual & HUF & HUF & HUF 1 Income from Salary/Pension âȘ âȘ âȘ âȘ 2 Income from Other Sources (only Interest income or Family Pension) âȘ âȘ âȘ âȘ 3 Income/Loss from Other Sources âȘ âȘ âȘ 4 Income/Loss from House Property âȘ âȘ âȘ 5 Capital Gains/Loss on sale of investments/property âȘ âȘ âȘ 6 Partner in a partnership Firm âȘ âȘ 7 Income from Proprietary Business/Profession âȘ
24. New IT Returns â Annexure-less Forms CA Sandesh Mundra, Reach us at www.smaca.in For Association of Persons (AoP), Body of Individuals (BoI), Local Authority, Companies, Trusts, Fringe Benefit Tax (FBT) Return Select appropriate Income Tax Return (ITR) Preparation Software ITR-5 ITR-6 ITR-7 ITR-8 Firms, AoP, BoI, LA Companies Trusts Only FBT 1 Income/Loss from Other Sources âȘ âȘ âȘ 2 Income/Loss from House Property âȘ âȘ âȘ 3 Capital Gains/Loss on sale of investments/property âȘ âȘ âȘ 4 Income/Loss from Business âȘ âȘ âȘ 5 Fringe Benefit Tax âȘ âȘ âȘ âȘ ITR-7 will not be available for e-Filing
25. Change in Procedure of e-Filing CA Sandesh Mundra, Reach us at www.smaca.in Type Change For Digitally signed Returns No change Paper Returns â Two step Procedure After uploading data â Instead of filing paper return Assessee to file verification Form Called ITR-V (Combination of Acknowledgement of e-return & Verification) Paper Returns â through e -intermediaries
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28. Demo on efiling â Copy paste this link https://incometaxindiaefiling.gov.in/portal/webdemo_on_efiling.do CA Sandesh Mundra, Reach us at www.smaca.in