E filing income tax return compulsory whom
You are a company or a firm irrespective of whether you have income or loss during the financial year 4. You want to claim an income tax refund. 5. You want to carry forward a loss under a head of income. 6. Return filing is mandatory if you are a Resident individual and have an asset or financial interest in an entity located outside of India. (Not applicable to NRIs or RNORs). Or if you are a Resident and a signing authority in a foreign account. (Not applicable to NRIs or RNORs). 7. You Last year, most taxpayers filed returns online voluntarily. This year is different. From assessment year 2012-13, e-filing is mandatory for those with annual income of more than Rs 10 lakh. However, one does not need digital signature to authenticate the tax return in such a case. A proof of return filing may also be required at the time of applying for a loan or a visa. 10. NRI or not, any individual whose income exceeds Rs.2,50,000 (for FY 2016-17) is required to file an income tax return in India. NRI, income earned or accrued in India is taxable in India. Free File or e-File, get your tax record and view your account. Businesses and Self-Employed Get your Employer ID Number (EIN), find Form 941, prepare to file, make estimated payments and more.
It is mandatory to file Income Tax Return only if you have income above the basic threshold limit of INR 2,50,000. However, there are many other cases , where it becomes somewhat mandatory to file income tax return , such as when you want to claim some exemptions or refunds , etc. However, I would recommend , everyone in India , irrespective of their income , age, etc should file income tax return every year within the time limit. There is no harm in filing income tax return even if you dont
Filing IT returns is mandatory for those who earn a certain amount of annual income. So the answer to the question who should file tax returns is anyone and everyone who earns income from their job, business, consultancy services, etc. When to file income tax? Income tax returns has to be filed within a pre-determined due date to avoid penalties. You are a company or a firm irrespective of whether you have income or loss during the financial year 4. You want to claim an income tax refund. 5. You want to carry forward a loss under a head of income. 6. Return filing is mandatory if you are a Resident individual and have an asset or financial interest in an entity located outside of India. (Not applicable to NRIs or RNORs). Or if you are a Resident and a signing authority in a foreign account. (Not applicable to NRIs or RNORs). 7. You Last year, most taxpayers filed returns online voluntarily. This year is different. From assessment year 2012-13, e-filing is mandatory for those with annual income of more than Rs 10 lakh. However, one does not need digital signature to authenticate the tax return in such a case. A proof of return filing may also be required at the time of applying for a loan or a visa. 10. NRI or not, any individual whose income exceeds Rs.2,50,000 (for FY 2016-17) is required to file an income tax return in India. NRI, income earned or accrued in India is taxable in India. Free File or e-File, get your tax record and view your account. Businesses and Self-Employed Get your Employer ID Number (EIN), find Form 941, prepare to file, make estimated payments and more.
"To err is human; to really foul things up requires a computer." – William E. Vaughan. Tax-exempt organizations are now required to electronically file all returns in the Form 990 series (Return of Organization Exempt from Income Tax) and Form 8872 (Political Organization Report of Contributions and Expenditures) returns. The Taxpayer First Act (Pub.L. 116-25) (Act), which was signed into
Second check, whether return e filing without digital signature is mandatory?if answer is yes ,e file your Income tax return without digital signature or voluntarily file with digital signature.if no go to three. File return in Paper form or voluntarily e file with/without digital signature. If you fall in any of the following criteria, then you are required to file income tax return: If you are less than 60 years of age and your total annual gross income exceeds Rs. 2,50,000. If you are a senior citizen i.e. 60 years or above and below 80 years of age, and your total annual gross income exceeds Rs3,00,000. The Central Board of Direct Taxes (CBDT) earlier in May this year made the E-filing of income tax return compulsory. The rule is applicable starting the assessment year 2013-14 for persons having total assessable income exceeding Rs.5 lakh.
24 Jul 2018 (3) A firm or an individual or a Hindu Undivided Family (HUF) whose books of account are required to be audited under section 44AB shall furnish
If you are not registered with the e-filing portal, use the 'Register Yourself' link to register. You can view 'Information Summary' under the 'Compliance' module and submit whether it pertains to you or any other person you know. If you have already filed the return, you should submit the details under 'Filing of Income Tax Return'. If not - It is mandatory for a company to file income tax returns if the company has incurred an income or a loss during the financial year. - Return filing is compulsory if you want a refund. ITR filing: For whom is E-filling of Income Tax Return compulsory? Updated: August 29, 2018 15:34 pm ITR filing: The last date for filing income tax return is August 31. if you have filed by now, you can rest easy. Others should be a worried lot.
ITR filing: For whom is E-filling of Income Tax Return compulsory? Updated: August 29, 2018 15:34 pm ITR filing: The last date for filing income tax return is August 31. if you have filed by now, you can rest easy. Others should be a worried lot.
17 Jul 2015 It is mandatory to file Income Tax Return only if you have income above the basic threshold limit of INR 2,50,000. However, there are many other cases , where it Am I Required to File Income Tax Returns? It is mandatory to file income tax returns in India if any of the below conditions are applicable to you (as per the Income A significantly large number of returns are e-filed It is mandatory to file the income tax returns online for e-Filing of Corporate Income Tax returns C and Form C-S) will be made compulsory in a 29 Jul 2019 It is mandatory for a company to file income tax returns if the company filled online by creating an account on the Income Tax e-filing website.
Last year, most taxpayers filed returns online voluntarily. This year is different. From assessment year 2012-13, e-filing is mandatory for those with annual income of more than Rs 10 lakh. However, one does not need digital signature to authenticate the tax return in such a case. Second check, whether return e filing without digital signature is mandatory?if answer is yes ,e file your Income tax return without digital signature or voluntarily file with digital signature.if no go to three. File return in Paper form or voluntarily e file with/without digital signature. If you fall in any of the following criteria, then you are required to file income tax return: If you are less than 60 years of age and your total annual gross income exceeds Rs. 2,50,000. If you are a senior citizen i.e. 60 years or above and below 80 years of age, and your total annual gross income exceeds Rs3,00,000. The Central Board of Direct Taxes (CBDT) earlier in May this year made the E-filing of income tax return compulsory. The rule is applicable starting the assessment year 2013-14 for persons having total assessable income exceeding Rs.5 lakh. Welcome to Free File, where you can prepare and file your federal individual income tax return for free using tax-preparation-and-filing software. Let Free File do the hard work for you with brand-name software or Free File Fillable Forms. Choose a Free File Online option based on your income: