Wednesday, April 24News That Matters

Day: 1 July 2015

New simpler ITR forms for AY 2015-2016 (FY 2014-2015) and last date extended

News, Taxation
The Finance Ministry on Sunday came out with new three-page simpler income tax return (ITR) forms and also extended the last date of filing to August 31. Download New ITR Forms for AY 15-16 (FY 14-15)  -  ITR 1, ITR 2, ITR2A, & IYT 4S https://www.incometaxindia.gov.in/Pages/downloads/income-tax-return.aspx https://incometaxindiaefiling.gov.in/ -------  (Right hand side - "Download" section) Which ITR form to use ? ITR1 (Sahaj) Only for Individual This form can be used if you have; Salary or Pension Income Income from one house property (excluding cases where loss is brought forward from previous years) Income from other sources like FD/Shares/NSC etc., No business income / no Capital gains No asset in foreign country or no income from a source outside India Agricultur...