Rules are getting tough day by day or we can say that taxpayers must be active. How can i file my income tax return online and that too free. Now its time to get ready for ay 201819 itr to avoid penalty of late filing of income tax return. The last date for filing your income tax return was 31st july 2017. For ay 201819 fy 201718, the last date to file returns was. This form is used to file a return on the income generated during fy 201617 ay 201718. Apr 07, 2018 march 31, 2018 was the deadline to file income tax returns itr for the financial year 201516 and 201617. The cbdt has notified the new income tax return forms for a.
Now, it is important to understand that notice under section 1431 and 1431a are two different notices and the way of dealing them is also different. General instructions these instructions are guidelines for filling the particulars in income tax return itr 4. The form is a simple one page form to enable the individual taxpayers. You can no longer e file a 2017 federal or state tax return. By filing your tax return on time, along with certain benefits such as carry forward of losses, you will not have to pay a late filing penalty. Guide to file new itr form 1 sahaj applicable for ay. But from financial year 201718, an original return which is not filed within the due date can also be revised. Income tax return itr filing has always left individuals perplexed. The short and simple answer would be no but many people dont understand this especially those who have. This return form is applicable for assessment year 201718 only, i.
Income tax return filing season is picking up, and everybody has swung into action, i thought of making you aware of the last minute dos and donts so that you hit the bulls. Cbdt in its press release dated 31 st march 2017 notified itr form 1 and itr form 4 for 201718. Last date to file income tax return for assessment year 201819 is 31st march2019. Income tax return forms ay 201718 which form to use. Unfortunately starting last two years, the time to file income tax returns is limited to the march 31 of the relevant assessment year. Jan 06, 2018 instructions for filing itr 1 sahaj for ay 2017 18. In 2014, income tax department has identified additional 22,09,464 nonfilers. Government has introduced new income tax forms for ay 201819. File your tax return online with studycafe experts. Faqs on filing the return of income income tax, gst.
This question since 31st march 2018 has become the faq for me. In case you havent filed your itr for fys 201516 and 201617, you. If your income is more than the taxable limit and required to file the return of income as per income tax act please pay tax which is liable to. Income tax return of deceased person how to file itr. Missed the march 31 deadline to file income tax return. Download sahaj itr 1, 2, 3, sugam itr4, 5, 6, 7 for a. Thus, the time limit of filing the return of income has. Guide to file new itr form 1 sahaj applicable for ay 2017. Jan 06, 2020 filing income tax return of deceased person can be a challenging task. Before jumping to know about the forms, let see the new changes in income tax return forms ay 201819 fy 201718. Every asessee who has filed his income tax return can revise it under section 9 5 to resubmit the right information to the tax department. This method can only be used by individual taxpayers who are eligible to file itr using form 1 or 4 for ay 201718 form 1 and 4s up to ay 201617 step 1. Who can use this return form this return form is to be used by.
The central board of direct taxes has notified incometax return forms itr forms for the assessment year 201718. You can no longer efile a 2017 federal or state tax return. For individuals, hufs and firms other than llp being a resident having total income upto rs. Thanks to the income tax department for user friendly platform and hardly it took me less than one minute to file my return and everified. Since you are filing belated return it would be filed under section 94.
One of the major reforms made in the notified itr forms is the. How to rectify income tax return online 201718 how to. Itr v acknowledgement for ay 201819 fy 201718 you have to file itr for ay 201819 fy 201718 and take acknowledgement and no other documents are to be enclosed. Income tax return for ay 201718 fy 201617 is of vital importance as it is the first itr to be filed after demonetisation policy. In case you do not do so you would not be able to file. Who can use this return form this return form is to be used by an individual huf partnership firm whose total income for the assessment year 201718 includes.
The income tax department never asks for your pin numbers, passwords or similar access information for credit cards, banks or other financial accounts through email the income tax department appeals to taxpayers not to respond to such emails and not to share information relating to their credit card, bank and other financial accounts. The form is a simple one page form to enable the individual taxpayers to file their income tax returns without any complications. No, you cannot file return of income in paper mode as efiling of return is mandatory for claiming any incometax refund. Can i file income tax return itr for ay 201718 fy 2016. May 07, 2017 hello friends i have explained the procedure to file income tax return online in india for ay 2017 18 fy 201617 detail. Sources of income have to be identified, and incomes from each source need to be assessed. Itr 1 sahaj for ay 201718, itr 1 saral form in pdf format. The income tax department can allow taxpayers to file returns post the deadline for specific cases. Aug 24, 2018 the deadline to file your income tax return itr for fy 2017 18 is now august, 31, 2018. If you have missed the deadline then no worries, you can still efile itr for fy 201617ay 201718 before. In the incometax rules, 1962 hereinafter referred to as the principal rules, in rule 12. You need to have all the required information about hisher income, access to bank statements, tax credit. Because a income tax return filed till original due date i. Click here to download other itr forms for ay 2017 18.
In case of any doubt, please refer to relevant provisions of the income tax act, 1961 and the income tax rules, 1962. If you are filing your income tax return yourself this a thing to be taken care of while filing itr for ay 201718. Hello friends i have explained the procedure to file income tax return online in india for ay 201718 fy 201617 detail. Thus, the time limit of filing the return of income has expired in your case. Income tax return filing for ay 201718 itr for fy 2016. The it department has released an efiling software for all itr forms for the financial year 201718. Income tax return forms for fy 201718 released techtonez. Jan 24, 2019 itr1 sahaj for ay 201819 and ay 201718 with tax calculation formulas itri sahaj income tax return form for ay 201718 with formulas for auto calculation of income tax in fillable pdf about forms compiled in pdf fillable as excel word format. Photo by pradeep gaurmint how to file itr for assessment year 2017 18 3 min read. The deadline to file your income tax return itr for fy 201718 is now august, 31, 2018. Aug 23, 2017 how to rectify income tax return online 2017 18 how to revise income tax return online 2017 18. Itr form for ay 201920 is now available for efiling youtube. Dec 31, 2019 many taxpayers have received notice under section 1431a after filing their income tax returns for ay 2017 18 or ay 201819. Aug, 2019 till financial year 201718, only original return filed within the due date, could be revised.
The cbdt has made major reform in the income tax return forms for a. Click on any of the forms below and you can complete and sign them online. So, for ay 201819 fy 2017 18, the last date to file returns was march 31, 2019. Remember, if you file your itr after the deadline you will have to pay late filing fees of up to rs 10,000. Efiling of income tax returns for ay 201718 also started at. Assessment year 201718 we can file the income tax return only if you have received any communication i. Income tax return rectification request can be filed using section 154 of the income tax act by the taxpayer in case of any mistake apparent from the record. You can revise your income tax return using myitreturn. File belatedrevised income tax return by march 31, 2018. In case of any doubt, please refer to relevant provisions of the incometax act, 1961 and the incometax rules, 1962. Before jumping to know about the forms, let see the new changes in income tax return forms ay 201718 fy 201617.
Apr 18, 2017 here are the income tax return itr forms for a. Instructions for filing itr 1 sahaj for ay 2017 18. Mar 19, 2019 this initiative will benefit more than two crore tax payers who will be eligible to file their return of income in this simplified form. Cbdt notified the itr or income tax return forms ay 201819 fy 201718. Is it possible to file an individual itr for the ay 201718. Cbdt notifies new income tax return forms for ay 201718. By filing your taxreturn on time, along with certain benefits such as carry forward of losses, you will not have to pay a late filing penalty. But from financial year 201718, an original return which is not filed within the due. Revised return and belated income tax return filing. Till financial year 201718, only original return filed within the due date, could be revised. This means, revised return for ay 201718 fy 201617 can be filed till earlier of 31st march, 2019 or completion of assessment.
Now download itr1 sahaj form in pdf format for ay 2017 18. Finally due date for filing of income tax returns itr for assessment year 201617 and 201718 is over. When you are ready with your tax return, you can visit the income tax departments efiling website to file your returns. Aug 05, 2017 given below is the step wise guide to file your itr completely online.
Income tax return forms for ay 201718 the central board of direct taxes has notified income tax return forms itr forms for the assessment year 201718. Cbdt in its press release dated 31 st march 2017 notified itr form 1 and itr form 4 for 2017 18. Fees for delayed filing of income tax return for ay 201819. Filing income tax return of deceased person can be a challenging task. As per section 94 any person who has not furnished a return within the time allowed to him under subsection 1, may furnish the return for any previous year at any time before the end of the relevant assessment year or before the completion. How to download income tax return itr forms 201718 in. May 23, 2018 for ay 2017 18, the taxpayers had to file itrs before the end of the relevant assessment year, i. As per the source of income, select the right type of income tax return form as it is the most important part in filing the income tax return. Income tax department has prescribed different itr forms to file the returns like itr 1 sahaj, itr 2, itr 3, itr 4, itr 4s sugam. Many taxpayers have received notice under section 1431a after filing their incometax returns for ay 201718 or ay 201819.
Revise correct your incometax return myitreturn help. Itr v acknowledgement ay 201718 income tax department. You can do the verification of your itr filing for fy 201718 otherwise the income tax return will not be processed. These instructions are guidelines for filling the particulars in this return form. Starting last year, the time to file income tax returns is limited to the march 31 of the relevant assessment year. Here is a step by step guide to file your income tax return online. This return form is applicable for assessment year 201819 only, i. In case you havent filed your itr for fys 201516 and 201617, you cannot file a belated return anymore. Kindly follow the instructions and queries to be asked in comment box below. Most income tax assessees have to file their itr online. Itr1 sahaj fillable with formulas in fillable pdf finotax. By filing your taxreturn on time, along with certain benefits such as carry forward of. Apr 06, 2018 the central board of direct taxes has released the new income tax return forms for filing returns for the financial year 2017 18.
In 20, income tax department issued letters to 12,19,832 nonfilers who had done high value transactions. These mistakes could occur due to lack of knowledge of the provisions of tax laws or due to lack of accurate information at the time of filing the original return. The new forms sahaj itr1, form itr2, form itr3, form sugam itr4, form itr5, form itr6, form itr7, and form itrv have been notified for financial year 2017 18 or assessment year 201819. If you owe taxes you should efile by july 15, 2020, as you otherwise would be subject to late filing fees. Whether i can file my return of income in paper mode. Revise correct your incometax return myitreturn help center. Assessment year for which this return form is applicable. Instructions for filing itr 1 sahaj for ay 201718, download. March 31, 2018 was the deadline to file income tax returns itr for the financial year 201516 and 201617. For ay 201718, the taxpayers had to file itrs before the end of the relevant assessment year, i. One of the major reforms made in the notified itr forms is the designing of a one page simplified itr form1sahaj. The short and simple answer would be no but many people dont understand this especially those who have a lot of income tax refund.
Assessment year for which this return form is applicable this return form is applicable for assessment year 201718 only, i. Its that time of the year when you need to go through documentation and reporting. Check instructions for itr 1 sahaj income tax return ay 2017 18. Is it possible to file an individual itr for the ay 2017. Photo by pradeep gaurmint how to file itr for assessment year 201718 3 min read. You cannot file your income tax returns for that year any more. How to file income tax return online itr forms 201819. Heres all you need to know about schedule al details of assets and liabilities at the yearend. Hello friends i have explained the procedure to file income tax return online in india for ay 2017 18 fy 201617 detail.
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