Here's your last minute ITR filing checklist

THE ECONOMIC TIMES Sat, Aug 25, 2018 | 11:55 AM IST ITR filing: Final checklist

How to file ITR 1: Here's a complete guide To handhold you during the return filing process, here is a step-by-step guide right from registering yourself on the e-filing portal to filling up each section in ITR1. Filing your income tax return without Form 16 Even if you don't have Form 16, there are several documents you can use as reference to file your return. The process of filing ITR completely online Using this method, a person can fill the form, ITR1 or ITR4, online by entering the relevant information and finally submit it online as well. What is Form 26AS and how it helps in filing income tax return Form 26AS is an annual consolidated tax statement that can be accessed from the income-tax website by all taxpayers using their Permanent Account Number. Filing ITR? Don't miss these 9 tax breaks You can claim deductions you might have failed to while submitting your investment declarations. Read on to see how you can maximise your tax breaks. How to get errors in your Form 26AS corrected An incorrect entry especially with regards to PAN or an amount in the Form 26AS may lead to unnecessary delays in filing the ITR. Here's how your capital gains will be taxed The tax rates for short-term and long-term capital gains depend on the asset class and the period of holding. Here are the tax rates for different assets. No penalty on late filing of ITR if your income doesn't cross this limit The law of levying late filing fees under section 234F was introduced in the Budget 2017 and became effective from the assessment year 2018-19 onward. Benefits of filing ITR even when income is below exemption limit Just because some individuals are not required by law to file their income tax return, it is advisable that they do. Here is why. Here are all the links you need to file your ITR By filing your income tax return on time, along with certain benefits such as carry forward of losses, you will not have to pay a late filing penalty.

More Newsletters

Daily Newsletter Special stories that round up the major developments of the day

ET Mutual Fund A weekly round-up of the top news and views from the mutual fund industry

ET Investment Opportunities Property, Stocks, IPOs, NFOs, Mutual Funds and latest investment options in your inbox

Wealth Weekly news on personal finance, stocks, property, gold, tax planning and more

FOLLOW US ON ET

About us|Advertise with us|Feedback|Sitemap|Code of Ethics © 2018 Times Internet Limited.

To ensure delivery directly to your inbox, please add etnotifications@indiatimes.com to your address book today. If you are having trouble viewing this newsletter, please click here

To unsubscribe or edit your subscriptions please click here