EFILING YOUR INCOME TAX RETURN- BE CAREFUL

One must file his income tax return and that too on or before last date. I have mentioned some consequences of not filing income tax return before last date. You must file tax returns as they may help you in getting loan from bank or financial institution.

If you are efiling your Income Tax Return then you must take care of the following things:

-> Fill your bank details very carefully as from this year onwards Income Tax Department has discontinued to pay refund through cheques. So to get your refund on time, fill your details with caution.

-> You must be clear […] Read more

THINGS TO REMEMBER WHILE FILING TAX RETURNS

Now only few days are left for filing income tax return for financial year 2011-12. But you should remember few points while filing tax return. Here those points are discussed :

1. CHECK FORM 26AS: You should check your taxes paid on Income Tax website through form 26AS. This form contains details of income paid to you and taxes paid by you through TDS.

2. SELECT RIGHT FORM: This year government has amended and notified new forms. You should carefully select the form by analyzing your situation.
ITR 1(SAHAJ): Salaries, House Property (Where individual does not own more than one house property), Other […] Read more