Day: 7 July 2014

In this post, we are listing some important changes made in Income Tax Return ITR Forms for AY 2014-2015. last date for filing returns is 31-Jul. Direct Credit of Tax Refund  via ECS -  All refunds to be now received via ECS – no refunds via cheques 87A rebate -    Space added to claim relief under section 87A –  Read this to check - if you are eligible to claim Rs 2000  80EE deduction  -    Space added to claim deduction under section 80EE –  Read this to check - if you are eligible   Income from Salary - Allowances -  Details of Allowances or Exempt Income under section 10 under the head Short Term and Long Term Capital Gains details to be now bifurcated between Immovable Property – Equity Shares or Mutual Funds – Bonds Debentures.  Detailed information about capital gains ...