CBDT has notified changes in Form 16 which will come into effect from May 12, 2019. The revised format of Form 16 will now provide the detailed break-up of tax-exempt allowances and deductions claimed under Section 80C to 80U. In addition to that, standard deduction (as announced in Budget 2018) has also been introduced. Watch this video to know more about changes in Form 16.
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CBDT has notified changes in Form 16 which will come into effect from May 12, 2019. The revised format of Form 16 will now provide the detailed break-up of tax-exempt allowances and deductions claimed under Section 80C to 80U. In addition to that, standard deduction (as announced in Budget 2018) has also been introduced. Watch this video to know more about changes in Form 16.
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Watch Changes in Form 16 will change your ITR filing With HD Quality
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To make the tax filing process easier for individuals, this year the tax department will be providing ITR-1 pre-filled with your salary, FD interest income and TDS details.
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Watch ITR filing: ITR-1 form now made easy for individuals, tax dept will pre-fill your details With HD Quality
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To start filing your income tax return (ITR), the first step is to collect all the relevant documents required. Make sure you choose the correct ITR form while filing your tax return. In this video, we take you through the filing of ITR-1 online.
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Watch ITR filing guide: How to file ITR-1 online With HD Quality
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ITR forms for FY 2018-19 have been notified by the government. And just like most years, this FY's ITR forms too have undergone changes in line with those announced in Budget 2018. Here are nine key changes that you need to know while filing your ITR this year.
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Watch Changes in ITR-1 & ITR-2 forms for FY 2018-19 With HD Quality
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Here's a list of seven red flags you need to avoid while filing your income tax return (ITR). These discrepancies in your tax return can alert the I-T department and fetch you a tax notice.
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Watch ITR filing guide: Red flags to avoid while filing tax return With HD Quality
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The Form 16 format has been revised this year by the Central Board of Direct Taxes (CBDT) which has to be given to you by your employer. If you are confused about what figures you should check in the revised Form 16, here's everything you need to know.
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Watch ITR filing guide: Figures to check for in Form 16 With HD Quality
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Though you have time till July 31 to file your return, keeping the required documents handy in advance will make the process easier. Here are the documents you must collect and things you must do before filing your ITR for FY 2018-19.
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Watch Filing your ITR? Here are the documents you need With HD Quality
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Verification is the last step in the process of filing your income tax return (ITR). Verification is important because if you have filed your ITR but have not verified it, then it will not be considered valid according to income tax laws. There are six ways to verify your ITR. ET Online takes you through each of these processes.
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Watch ITR filing guide: 6 ways to verify your tax return With HD Quality
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Income Tax dept wants to keep a watch on your foreign travel spends & electricity bill payments. The dept has already issued ITR-1 & ITR-4 forms for assessment year 2020-21. Here's Ashna Mishra joining with more details.
Watch Check your passport, foreign travels, electric bill before filling ITR form With HD Quality
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While we are busy collating the necessary documents / information from our employers, banks and other sources to compile and file ITR, certain key aspects could be missed in haste. To make sure you file your ITR properly, Shalini Jain, Tax Partner, People Advisory Services, EY India, talks about the factors that should be considered.
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Watch Tips for a smooth ITR filing experience With HD Quality
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