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Therefore, for the assessment year 2018-19 also, the CBDT released a one-page simplified ITR Form-1(Sahaj), which can be filed by an individual having income up to Rs.50 lakh and who is receiving income from salary, one house property / other income such as interest and so on.
The I-T department,in the new ITRs,has also sought the Aadhaar number of filers and has given options for providing two email IDs.
in the latest forms and that there is no change in the manner of filing the ITRs as compared to the last year.
Finance minister Arun Jaitley who was on a tour to the US when these forms were introduced had been taken by surprise over the 12- page ITR forms and the controversy in its wake and had called the revenue department to put the forms on hold.
Taxpayers can also use the e-filing portal of the department to file their income tax returns (ITRs) and perform other income tax related tasks on the web portal: https://www.incometaxindiaefiling.gov.in.
The way ITR is filed on All India ITR is completely online making it quick, easy, simple, user-friendly, time-efficient and paper-free.
"We want ITU to suppress ITR 1988 and merge it with ITR 2012," Al Awadi said.
In a big relief to millions of taxpayers, the government had earlier extended the last day for filing of Income Tax Returns (ITR) from July 31 to August 31.
Metro Manila revenue regional directors told filers to use the old ITR schedule and not the new one mandated by the Tax Reform for Acceleration and Inclusion (TRAIN) law which will be applied in 2019 to cover income earned this year.
27-29 for I was able to accomplish the following: apply for a postal ID, which will be delivered to me in a few weeks and which, I'm happy to discover, is now also a primary government ID; renew my teacher's license at the Professional Regulation Commission (PRC) in Recto, Manila; and most of all, file my income tax return (ITR) for 2016 at long last.
If you have filtered the ITR for the financial year 2017 but have not been able to get e-verification, it is a hassle for you, because it is not only the ITR filing but also the verification of it is also necessary.
" Those who have income of more than Rs 50 lakh or own more than one house property will have to file ITR - 2 Form," said Archit Gupta, founder and CEO, Cleartax.
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