Income Tax :- Login Problem due to PIN number through email or Mobile No.

Friends   Now it is known by everyone that Income Tax Department is sending PIN on mobile or email to e-file Income Tax Return.   Income Tax Department has restricted to enter same mobile number or email address in different logins for e-filing of Income Tax Returns.  Too many times it has been found that user receive PIN on mobile and donot receive PIN on email.  It may be due to business of server etc.  However taxpayer or user suffers for e-filing of his Income Tax Return. 

Income tax department has also released a press release on 07.07.2014 for updating Mobile No. and Email Address in login which is given below :-

A valid Email ID and Mobile Number to be Registered/Updated on the E-Filing Website of the Income Tax Department

A valid Email ID and Mobile Number has to be registered/updated on the e-filing website of the Income Tax Department so that direct communication with taxpayer can be possible. For details, taxpayers can log on to:https://incometaxindiaefiling.gov.in/eFiling/Portal/StaticPDF/Update_Contact_Details.pdf) The Department will send separate One Time Passwords (OTP) also referred as PIN on the mobile and email provided by the taxpayer. The OTPs have to be entered by the taxpayer after logging into their e-filing account to authenticate the same.  The OTPs will remain valid for 24 hours within which the taxpayer has to complete the process. For ‘Foreign/ NRI’ taxpayers, the OTP validation of the email ID would be sufficient. Validation of email and mobile numbers has been introduced to facilitate taxpayers as in many cases incorrect emails and mobile numbers have been provided and taxpayers did not receive important communication from the Department. Further, it has been observed that in many cases taxpayers are not able to reset their password since the new temporary password from the Department may be sent to their registered email which may be different from the taxpayer’s personal email, e.g. email of their intermediary. This is a one-time process to validate the mobile number and email ID. However, whenever the taxpayer changes the Mobile Number or email ID in their Profile, the process will be repeated to ensure that the particulars provided are correct. Further, this validation will ensure that Department can send an OTP for resetting the password used for Login in case the taxpayer has forgotten the password. One mobile number or email ID can be used for a maximum of 10 user accounts as the Primary Contact- Mobile Number and Email ID in e-Filing. This is to ensure that family members and related business concerns (not exceeding 10 separate users) not having personal email or mobile can be covered under a common email or mobile, but in general taxpayers should have their own unique email ID and Mobile registered with the Department. The taxpayer can enter any other person’s email or mobile number in addition, as a Secondary Contact (without any restriction on the number of user accounts linked as a Secondary Contact). Using “Profile Settings à My Profile” the taxpayer can select to include the Secondary Contact to also receive emails, alerts etc. It is advised that the emails and SMS from the Income tax Department may be included in the ‘safe list’ or ‘white list’ to prevent the communications from the Department from being blocked or rejected or sent to Spam folder. Taxpayers are also advised not to share their user-id and password of their e-filing account with others to prevent un-authorized access.Taxpayers can reset their password using the 'Forgot Password?' link while logging in to their e-filing account and by providing the necessary details. The Department requests the cooperation of all taxpayers for completing this validation process at the earliest for a smooth and convenient return filing process. ***** DSM/ka (Release ID :106084)

Solution for Non Getting PIN on mobile or email. 

       Presently  user can use off-line Excel Based or Java Based utility.  In Java based utility he may Login Directly without any updation  of Mobile No. and Email address.   Initially, he may use Pre-fill link and then enter your income data and after that finally, he can use submit button for uploading of Income Tax Return.  In this may taxpayer or user can upload his Income Tax return without updating Mobile No and Email address on income tax website.   

Click Here to download Java Based or Excel Based Utility. 

Income Tax :- Excellent Features in Java Based Income Tax Return Utility.

Friends, 

                    Today, I have checked new Java Based Income Tax Return Utility issued by Income Tax department for the Financial Year 2013-14.  The two new excellent features have been added in it. 

1.       Pre-Fill 

2.       Instant Display of Validation Errors 

                  The above two features can be viewed in below screen shoots.

                    In case you are not able to view the validation errors showing in right top of  the screen.  You may click on view near with file & tool button (available in left top) and enable Show Validation or press Alt+D button for getting validation error messages. 

Pre-Fill Data

           This function is too much easy & simple that can not imagine by anyone.   Just click the button and enter e-filing User ID and e-filing Password.  There is no need of  download & upload function as used in earlier excel based utility. 

Income Tax :- Income Tax Return Utility for Assessment Year 2014-15

Friends  

                Income Tax Department has released following Income Tax Return Utility for assessment year 2014-15.  These income tax utilities are java based.  

              To know how to install/configure and run java, please Click Here 

              

How to use this ITR Form? 

These ITR Forms are developed using the latest in JAVA technology and effort has been made to  make it user friendly, simpler and faster preparation of tax returns. This utility can be run on operating  systems like Windows 7.0 or above and latest Linux, where Java Runtime Environment Version 7  Update 6 (jre 1.7 is also known as jre version 7) or above is installed. 

Note: 

i.Please make sure you have the latest version of the utility before you start filling the information into  the utility. 

ii. Please make sure you're connected to the internet for submission of the ITR Form. 

The following are features available in the ITR Form. 

1. New - On click of this button, a new copy of the ITR form will be available. If you have already  opened the ITR form, you will be prompted to save the earlier copy. 

2. Open -This option is for importing the XML (successfully generated earlier) of a particular A.Y.  Select the path and import the XML. You should check/validate the contents before finalizing  upload/submission. 

3. Save - You can save your completed XML in the desired path/location of your desktop. 

4. Save Draft - This option can be used to save your XML. Please note you cannot upload an  XML which was saved using the ‘Save draft’ option. Only a complete XML generated using  the ‘Save’ option can be uploaded successfully. 

5. Prefill -This option can be used to auto-fill your Personal, Address and Tax details. You will be  prompted to provide your User ID, Password and DOB/DOI to fetch the data. It is advisable to  complete this activity before you start entering other data. Please check/validate the contents.  Please make sure you're connected to the internet to avail this feature. 

6. Re-Calculate - On clicking this button, the data in the utility will be re-calculated. This is to  provide with the utility based calculation/validation. 

7. Submit -Click this button to upload the XML in e-Filing portal. You'll be prompted to provide  your e-Filing credentials, User ID, Password and DOB/DOI. Post submission, the success  message and the acknowledgment number will be displayed. You will be able to download  ITR-V. Please make sure you're connected to the internet to avail this feature. (if the return is  submitted without a DSC) as well. 

8. Help - This option will let you know the shortkeys, instructions, settings and how to use this 

ITR form. 

9. Previous/Next- These will help you to navigate to the various tabs of the ITR form. 

 Shortcut keys 

1 Alt + N Opens a new ITR 

2 Alt + S Saves the ITR in the user desired path 

3 Alt + F4 Closes the utility 

4 Alt + I Imports the XML file 

5 Alt + F Pre-fills the ITR 

6 Alt + C Clears the validation errors 

7 Alt + D Hides/Shows the validation window 

8 Alt + G Opens the SUBMIT screen to submit the ITR 

9 Alt + R Re-calculates the tax details as per the Utility 

Settings 

Following are the recommended settings to use the ITR Utility : 

Software: 

Java Run time Environment Version 7 Update 6 (jre 1.7 is also known as jre version 7) or above 

Any Zip Software to unzip the utility 

Internet Connection: 

Minimum bandwidth of 256 kbps and above 

Checklist of documents and pre-requisites

1. A copy of last year's tax return.

2. Bank Statement

3. TDS certificates

4. Savings certificates/deductions. 

5. Interest statement showing interest paid t you throughout the year.

6. Balance Sheet, P&L Account statements and other Audited reports wherever applicable . 

Downloads

1.  Download Java Based  ITR-1 Sahaj   for Individuals having income from Salary & Interest
               or  Excel Based
2.  Download Java Based  ITR-2  for Individuals and HUFs not having income from Business or Profession
               or  Excel Based 
3.  Download Java Based  ITR-3 for Individuals/HUFs being partners in firms and not carrying out
                                          business or profession under any proprietorship.
4.  Download Java Based  ITR-4 for Individuals & HUFs having income from a proprietory business
                                         or profession.

5.  Download Java Based  ITR-4S Sugam for Individuals/HUF having income from presumptive business.
               or  Excel Based 
6.  Download Java Based  ITR-5 for Firms, AOPs, BOIs and LLP
7.  Download Java Based  ITR-6 for Companies other than companies claiming exemption under section 11.
8.  Download Java Based  ITR-7 for persons inluding companies required to furnish return under
                                         section 139(4A) ore section 139(4B) or section 139(4C) or section 139(4D)

Income Tax :- Documents required while file Income Tax Returns

Typically, as a salaried tax payer you'll need to have the following items at hand for filing your Income Tax Return. This might vary on a case by case basis.

Here’s a quick guide to the documents you will need for the Assessment Year 2014-15 that will help you prepare and file your Income Tax Return.

PAN number

Verify your PAN number online with the Income Tax Department before filing your Income Tax Return by going to this link: https://incometaxindiaefiling.gov.in/portal/knowpan.do

Form-16 issued by your employer

A Form-16 is a statement issued by your employer which has details of your Salary, the taxable salary amount after various perks and allowances, the TDS deducted by your employer, the deductions you have claimed and the overall tax due. TDS is Tax Deducted at Source. Your employer will have already deducted some portion of your salary and deposited it with the Income Tax Department.

This is a good starting point to start preparing your tax return.

Bank statements / passbook for Interest Income on bank deposits.

Note that you have to declare all Interest Income earned in the Financial Year 2013-14 in your Income Tax Return. A lot of people forget to do this, so please go through your bank statements and find out the Interest received.

Statements of Interest Income besides Bank deposits

Sometimes you may have fixed deposits which may have matured, debentures which yield interest. Take a look and make sure to declare this income on your Tax Return.

TDS certificates issued to you by your bank and others

TDS may have been deducted on your Interest Income by your bank. Check whether any TDS was deducted. You can ask the Bank to issue you a TDS statement. Declare these TDS entries in your Tax Return to reduce your tax liability.

Form 26AS

This is one of the most important documents that you should look at while preparing and filing your Income Tax Return.

Form 26AS reflects all the Income Tax received by the Income Tax Department with respect to you. This is a tax credit statement which shows TDS payments, voluntary tax payments made by you.

 

Link to Indian Government site to view Form 26AS

This Form-26AS should match all your TDS certificates issued to you by your employer, your bank etc.

If there is a mismatch you may have a tough time getting your tax refund. In case there is a mismatch between your TDS certificates and Form-26AS, you should contact your employer or your bank. They might have to inform the Income Tax Department of the TDS they have deducted.

Proof of investment under Section 80C

Investments done under LIC, NSC, PPF, school fees of your children qualify for Section 80C deductions.

Payment towards the principal of your Housing Loan also qualifies for deductions under Section 80C. The maximum limit for claim under section 80C is Rs. 1 Lakh.

Charitable donation statements

Donations that can be claimed for tax deductions under Section 80G.

Typically the receipt issued by the charitable organization you donate to mentions the eligibility under Section 80G.

For making sure you can avail of your tax deduction, make sure you quote the PAN number of the charitable organization.

Interest paid on housing loan.

If you pay EMI towards housing loan for a house that you live in: The Interest paid on housing loan is eligible for tax saving. The upper limit for tax saving is Rs 1,50,000.

If you pay EMI towards housing loan for a property that you rent out to others: The Interest paid on housing loan is eligible for tax saving. There is no upper limit for Interest paid exemption on rental property.

Other (less common) documents:

Proof of investment under Section 80E:

Interest Paid on Education loan is tax deductible and can be claimed under Section 80E.

Proof of investment under Section 80D:

Medical Insurance payments for your family and your parents can be claimed here.

Proof of Disabilities

If you have disabilities, you might want to check up on Section 80U. If you have dependents with disabilities then check on Section 80DD.

Stock trading statement:

If you have sold any stock in the Financial year 2013-14, then you might have had Capital Gain or Capital Loss. This has to be declared in your Income Tax Return. Take a look at your brokerage account and then declare your Capital Gain.

Capital gain on sale of property

In case you sold any property or house or land or anything of value, you may have had a Capital Gain or Capital Loss. You have to declare this in your Income Tax Return.

Overall the key take away is - Look at your Form-26AS to ensure that your records match those of the Income Tax Department.

Income Tax :- Updated ITR Forms excel based for A.Y. 2013-14

Friends, 

                 Today is 26th Sep, 2013 and last date for submission of ITR forms are too much near which is  30-09-2013.   Due to heavy rush there are chances that you may not download updated ITR forms from www.incometaxindiaefiling.gov.in.   Therefore, all excel based updated ITR forms for assessment year 2013-14 or financial year 2012-13 have been uploaded separately in below link. 

 in ITR FORMS

http://www.tdstaxindia.com/2013/06/income-tax-indian-income-tax-return.html 

                   User may download any Income Tax return form from above link.  Users are once again requested to download above updated ITR forms keeping in view time to time updation by Income Tax Department, in case he has already downloaded the same. 

e-filing :- Browser Setting with FAQ

Friends  

                It is common error that while a person goes to e-filing his income tax return himself , system shows  error like java disabled in browser  or not installed etc.  These errors may be occurred due to cookies in different browsers.  Some solutions for the same are given below :- 

System Configuration:

OPERATING SYSTEM - Windows XP with Service Pack 3/Windows 7/Windows 8  JRE 1.7 update 6 and above (32 bit) is required to run applets for Digital Signatures and offline forms to work. You may download this at http://java.com/en/download/manual.jsp

Browser Settings

Income Tax Department recommends that you use the following browser specifications for the best view of https://incometaxindiaefiling.gov.in website. You may still be able to use the e-Filing website using other browsers and versions, but the pages may not display properly or you may experience difficulties to use all of the functionality.

• Mozilla Firefox (version 11.0, 12.0, 13.0)
• Google Chrome (version 19.0.x, 20.0.x, 21.0.x)
• Internet Explorer (version 8.0, 9.0)
• Safari (version 3.0, 4.0, 5.0)

Enable Java script in Mozilla Firefox

• From the menu bar select Tools ->> Options.
• From the Options window, select the Content icon. Check the "Load images automatically", "Enable JavaScript" and "Enable Java" checkboxes.
• Click OK button.

To delete cookies in Mozilla Firefox

• From the menu bar select Tools -> Clear Recent History
• From Clear All History window select the checkboxes for the types of information that you want to remove.
• Use the menu at the top to select the amount of data that you want to delete. Select Everything.
• Click on Clear Now

Enable Java script in Google Chrome

• Select Customize and control Google Chrome (the icon with 3 stacked horizontal lines) to the right of the address bar.
• From the drop-down menu, select Settings
• At the bottom of the page, click Show advanced settings
• Under Privacy, select the Content settings
• Under the JavaScript heading, select the Allow all sites to run JavaScript radio button

To delete cookies in Google Chrome

• Select Customize and control Google Chrome (the icon with 3 stacked horizontal lines) to the right of the address bar.
• Select Tools.
• Select Clear browsing data.
• In the dialog that appears, select the checkboxes for the types of information that you want to remove.
• Use the menu at the top to select the amount of data that you want to delete. Select beginning of time to delete everything.

Enable JavaScript in Microsoft Explorer

• Click on the gear icon on the Internet Explorer Browser (top right corner)
• Select Internet Options.
• Click Security tab.
• Select Custom level and scroll down for Scripting section.
• Enable Active Scripting.
• Click OK.

To delete cookies in Microsoft Internet Explorer

• Click on the gear icon on the Internet Explorer Browser (top right corner)
• Select Tools.
• In the General tab, Select click Delete browsing history
• Select the Cookies check box, and then click Delete.

Enable Java Script in Safari

• Click on the gear icon on Safari Browser (top right corner)
• Select Preferences.
• Select Security.
• Then select Enable Java Script from Web content.

To delete cookies in Safari

• Click on the gear icon on Safari Browser (top right corner)
• Select Preferences.
• Select Privacy tab
• Click on Remove All Website Data.
• Click on Remove Now.

FAQs

Q 1) I cannot read the file for signing while uploading XML. What should I do?

Answer: This problem is due to your Internet Explorer browser settings. Please do the following,

• In Internet Explorer-> Tools ->Internet Option ->Security -> Custom Level-> You should enable "Include local directory Path when uploading file to the server".
• Create a folder in the "C" Drive called “fakepath” (c:\fakepath) and copy the xml files to this folder. Restart the Browser and you will be able to upload the file.

Q 2) I have saved the XML file in my computer, but while uploading, system is giving an error “Cannot read the XML file”? What should I do ?

Answer: Kindly set the Internet Explorer Security Settings to Low. Please follow the below

steps:

In case of Windows Vista/Windows 7,

• Go To Start-->Control Panel--> Programs--> Java--> General tab.
• Click on “Settings” button in 'Temporary Internet Files'.
• Kindly uncheck the “Keep temporary files on my computer”and click the “Delete Files” button and press OK.
• Close your existing browser and open a new browser.

Q 3) The web page is expired while uploading a DSC, What should I do ?

Answer: Java Runtime Environment V 1.6 or above, needs to be installed in your machine.

Q 4) DSC "session expired" issue and offline forms utility.

Answer: JRE 1.7 update 6 and above (32 bit) is required to run applets for Digital Signatures and offline forms to work.

Income Tax :- Indian Income Tax Return Forms for Assessment Year 2013-14 or Financial Year 2012-13

Friends,

               Now excel based SAHAJ ITR-1, ITR-2, ITR-3,ITR-4 forms are available for submission of  online income tax returns for the Financial Year 2012-13 or Assessment Year 2013-14.  Download links for RPU's  (Return Preparation Utility)  are given as under :-

Mandatory e-filing having total income exceeds Rs. 5,00,000.00

Online Income Tax Preparation Software for Assessment Year 2013-14

Income Tax Return Preparation Softwares for Assessment Year 2013-14

• SAHAJ ITR-1 (for Individuals having Income from Salary/Pension/Income from one House Property (excluding loss brought forward from previous years)/Income from Other Sources (Excluding Winning from Lottery and Income from Race Horses)          (Download) Latest Release.
  
• ITR-2 (For Individuals and HUFs not having Income from Business or Profession) (Download) Latest Release.
• ITR-3 (For Individuals/HUFs being partners in Firms and not carrying out business or profession under any proprietorship) (Download) Latest Release.
• ITR-4 (For Individuals and HUFs having income from a proprietary business or profession) (Download) Latest release.
• ITR-4S (SUGAM) (Presumptive Business Income Return) (Download) Latest  Release.
   PDF format (Download)
• ITR-5 (For Firms, AOPs and BOIs) (Download) Latest Release.
• ITR-6  (For including Fringe Benefit Tax Return) (For Companies other than Companies claiming exemption under section 11) (Download) Latest Release.
• ITR-7 (For persons including companies required to furnish return under section 139(4A) or section 139(4B) or section 139(4C) or section 139(4D) as per rule 12 of the Income Tax Rules,1962 (Download)

To Download Manual Income Tax Forms for A.Y. 2013-14 (Click Here)

ITR (Income Tax Return) R.P.U's and Forms

Friends, Year wise online excel based return preparation software, manual forms, Due dates, Income Tax Slabs, Income Tax Calculators excel based and others Free  calculators  links  are given as under :-

         All Companies And Firms Requiring Statutory Audit U/S 44AB Are Required To Submit The Income Tax Returns Electronically. You May E-File With Or Without A Digital Signature.
       
          Mandatory e-filing for Individuals and HUF whose total income exceeds Rs. 5 Lakh w.e.f. Financial Year 2013-14 (Click Here)

          Mandatory e-filing for Individuals and HUF whose total income exceeds Rs. 10 Lakh (Click Here to Read More)

Important Links for Tax Payers

• Financial Year         Assessment Year        Online(RPU)         Manual 
    2013-2014             2014-2015               Click Here           Click Here                 
    2012-2013             2013-2014               Click Here           Click Here
    2011-2012             2012-2013               Click Here           Click Here
    2010-2011             2011-2012               Click Here           Click Here  
    2009-2010             2010-2011               Click Here           Click Here
    2008-2009             2009-2010               Click Here           Click Here
• AIR Codes in Details                                                             Click Here
• Know Your Pan                                                                    Click Here
• MICR Code of Your Bank                                                    Click Here
• Advance Tax Knowledge                                                      Click Here
• e-Payments                                                                           Click Here
• Know Your Income Tax Ward /Circle/ Jurisdiction                Click Here
• How to submit Revised Income Tax Return                           Click Here 
• Login for e-filing                                                                    Click Here
• Forget e-filing Password                                                        Click Here
• Due Dates for Submission of Income Tax Returns etc.           Click Here
• Income Tax Slabs/Index (F.Y. 2000-01 to up to Date)          Click Here
• Income Tax Calculator  (F.Y. 2005-06 to up to Date)           Click Here 
• Other Free Calculators                                                          Click Here  
• Exempted for Filling of Income Tax Return                             Click Here  
• Name Verification through PAN                                            Click Here 
• Know Your Jurisdiction or A.O. Code                                  Click Here

Exemption from Filling of Income Tax Return

Friends,  Now a days , many persons are waiting for Notification for exemption from filling of Income Tax Return.  Without notification nothing is clear like from which Financial Year exemption will be given, having interest income on Saving Bank Deposit will be treated  for exemption for filling of Income Tax Return etc. 

NO NEED TO FILE INCOME TAX RETURN

         Now CBDT has clearly notified that an individual  getting salary upto 5 Lakh after allowing all deductions from a single employer and getting interest income up to Rs. 10,000 from his Saving Bank Deposit account will be eligible to get exemption from filling of Income Tax Return from the Financial Year 2010-11 with some conditions like he will provide his PAN number to our employer and will  submit complete bank interest detail and also pay all amount of Income Tax in the shape of TDS deduction from salary and also receive form 16 from his employer.  There are some more conditions in which exemption for filling of Income Tax return will not be provided.  Therefore , all individuals are requested to read complete Notification which is given below  issued by CBDT before getting exemption for filling of Income Tax Return. 

No.402/92/2006-MC (14 of 2011) 

Government of India / Ministry of Finance 

Department of Revenue 

Central Board of Direct Taxes 

***

New Delhi, dated the 23rd June, 2011 

PRESS RELEASE 

The Central Board of Direct Taxes has notified the scheme exempting salaried  taxpayers with total income up to Rs.5 lakh from filing income tax return for assessment year  2011-12, which will be due on July 31, 2011. 

Individuals having total income up to Rs.5,00,000 for FY 2010-11, after allowable  deductions, consisting of salary from a single employer and interest income from deposits in  a saving bank account up to Rs.10,000 are not required to file their income tax return. Such  individuals must report their Permanent Account Number (PAN) and the entire income from  bank interest to their employer, pay the entire tax by way of deduction of tax at source, and  obtain a certificate of tax deduction in Form No.16.  

Persons receiving salary from more than one employer, having income from sources other than salary and interest income from a savings bank account, or having refund claims shall not be covered under the scheme. 

The scheme shall also not be applicable in cases wherein notices are issued for filing  the income tax return under section 142(1) or section 148 or section 153A or section 153C of  the Income Tax Act 1961.

xxxx

Notification 


NOTIFICATION NO. 36/2011 [F. NO. 142/09/2011 (TPL)]

DATED 23-6-2011

In exercise of the powers conferred by sub-section (1C) of section 139 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby exempts the following class of persons, subject to the conditions specified hereinafter, from the requirement of furnishing a return of income under sub-section (1) of section 139 for the assessment year 2011-12, namely :—

Class of Persons

1. An Individual whose total income for the relevant assessment year does not exceed five lakh rupees and consists of only income chargeable to income-tax under the following head,—
   (A)  “Salaries”;
   (B)  “Income from other sources”, by way of interest from a savings account in a bank, not exceeding ten thousand rupees.
   Conditions
2. The individual referred to in para 1,—
   (i)  has reported to his employer his Permanent Account Number (PAN);
   (ii)  has reported to his employer, the incomes mentioned in sub-para (B) of para 1 and the employer has deducted the tax thereon;
   (iii)  has received a certificate of tax deduction in Form 16 from his employer which mentions the PAN, details of income and the tax deducted at source and deposited to the credit of the Central Government;
   (iv)  has discharged his total tax liability for the assessment year through tax deduction at source and its deposit by the employer to the Central Government;
   (v)  has no claim of refund of taxes due to him for the income of the assessment year; and
   (vi)  has received salary from only one employer for the assessment year.
3. The exemption from the requirement of furnishing a return of income-tax shall not be available where a notice under section 142(1) or section 148 or section 153A or section 153C of the Income-tax Act has been issued for filing a return of income for the relevant assessment year.
4. This notification shall come into force from the date of its publication in the Official Gazette.

Last circular vide which e-filing was mandatory for those whose total income exceeds 10 lakh. 

MANDATORY e-FILING OF INCOME TAX RETURN

PRESS RELEASE [NO. 402/92/2006-MC (12 OF 2012)], DATED 2-7-2012

CBDT has issued notification S.O. 626(E), dated 28th March 2012 vide which e-Filing has been made compulsory for Assessment Year 2012-13 onwards for :

  •  an individual or a Hindu undivided family, if his or its total income, or the total income in respect of which he is or it is assessable under the Act during the previous year, exceeds ten lakh rupees; and

  •  an individual or a Hindu Undivided Family (HUF), being a resident, having assets (including financial interest in any entity) located outside India or signing authority in any account located outside India and required to furnish the return in Form ITR-2 or ITR-3 or ITR-4.

However, digital signature will not be mandatory for these taxpayers and they can also transmit the data in the return electronically and thereafter submit the verification of the return in Form ITR-V.

2. Filing of returns electronically under digital signatures is already mandatory for any company required to furnish the return in Form ITR-6 or a firm required to furnish the return in Form ITR-5 or an individual or HUF required to furnish the return in Form ITR-4 and to whom provisions of section 44AB are applicable.

3. The Income Tax Department has received a record number of 1.64 crore income tax returns electronically in the year 2011-12. E-filing is an easy, fast and secure method of filing of income tax return. The electronically filed returns are processed at the Centralized Processing Centre, Bengaluru. The processing for e-filed return is faster and taxpayers get their refunds, if due, quickly. The Department also provides some value added services like tracking of refunds, viewing tax credit status (Form 26AS), e-mail and SMS alerts regarding status of processing and refunds to taxpayers who e-file their returns.

(If you are not cover in above Exemption, You should file your Income Tax Return in Time,
to submit return yourself (click here))

Indian Income Tax Return Forms for Assessment Year 2011-12 (Manual and Excel Based)

Friends,  Now excel based SAHAJ ITR-1, ITR-2, ITR-3,ITR-4,ITR-4S,ITR-5 and ITR-6 forms are available and online return submission  for the Financial Year 2010-11 or Assessment Year 2011-12 can be done.  Download links for RPU's  (Return Preparation Utility)  are given as under :-

Online Income Tax Preparation Software for Assessment Year 2011-12

Income Tax Return Preparation Softwares for Assessment Year 2011-12

• SAHAJ ITR-1 (for Individuals having Income from Salary/Pension/Income from one House Property (excluding loss brought forward from previous years)/Income from Other Sources (Excluding Winning from Lottery and Income from Race Horses)          (Download) Latest Release.
  Special  :->>>>>>>PDF Format of SAHAJ ITR-1 (Download) No Macro Problem.
• ITR-2 (For Individuals and HUFs not having Income from Business or Profession) (Download) Latest Release.
• ITR-3 (For Individuals/HUFs being partners in Firms and not carrying out business or profession under any proprietorship) (Download) Latest Release.
• ITR-4 (For Individuals and HUFs having income from a proprietory business or profession) (Download) Latest release.
• ITR-4S (SUGAM) (Presumptive Business Income Return) (Download) Latest  Release.
   PDF format (Download)
• ITR-5 (For Firms, AOPs and BOIs) (Download) Latest Release.
• ITR-6  (For including Fringe Benefit Tax Return) (For Companies other than Companies claiming exemption under section 11) (Download) Latest Release.

To Download Manual Income Tax Forms for A.Y. 2011-12 (Click Here)