Income tax india e filing gov.in

1. What is AIS Statement ? AIS is a comprehensive statement containing details of the financial transactions undertaken by you for a given financial year (FY). It's an important document that shows all the specified financial transactions and related information in one place. It's vital for every taxpayer to cross check before filing their Income Tax Return. 2. What information available in AIS Statement? • AIS contains information related to income earned from various sources such as salary, dividend, interest from savings account, recurring deposits, sale and purchase of equity shares, bonds, mutual funds, property transactions etc. • The statement also contains information related to TDS, TCS and any tax demand or refund • Salary • Rent Received • Dividends • Interest from Savings Account • Interest from Deposits • Interest from Others • Interest from Income Tax Refund • Rent on plant and machinery • Winning from lottery or crossword puzzle • Winning from horse race • Receipt of accumulated balance of PF from employer • Interest from infrastructure Debt Fund • Interest from specified company by NRI • Interest on bonds and government securities • Income w.r.t. units of non-resident (NRI) • Income and long-term capital gain (LTCG) from units by an offshore fund • Income and long-term capital gain (LTCG) from foreign currency bonds or shares of Indian companies • Income of foreign institutional investors from securities • Insurance commission • Receipts from life insurance...

Income Tax Return (ITR) filing online for AY 2023-24: As many as 14,65,641 ITRs for income earned in FY 2022-23 were filed till May 28, of which over 12 lakh returns by verified while 3834 verified ITRs were processed, according to data on the Income Tax e-filing website at the time of writing. Salaried employees will be soon able to file their returns for AY 2023-24 after receiving Form 16 from their employers by June 15. As the Most of the salaried employees would be eligible for ITR-1 (Sahaj), which is applicable when the total income of the taxpayer is not more than Rs 50 lakh during the financial year and his/her income is only from salary, one house property, family pension income, agricultural income up to Rs 5000 and other sources such interest from bank deposits (including savings account interest) interest from Income Tax Refund, any other interest income etc. Deductions under Chapter VI A of Income Tax Act: Know how much tax may be saved Steps to file ITR online for salaried Step 1: Visit Income Tax e-Filing portal, https://www.incometax.gov.in/iec/foportal/ Step-2: Login to e-Filing portal by entering user ID (PAN), Password, Captcha code and click ‘Login’. Step 3: Click on the ‘e-File’ menu and then click the ‘Income Tax Return’ link. Also Read: Step 4: According to information on the Income Tax website, PAN will be auto-populated on the Income Tax Return page. You need to select ‘Assessment Year’, ‘ITR Form Number’, ‘Filing Type’ as ‘Original/Revised Return’ ...

Form 26AS is an important for while filing Income Tax returns. Form 26AS provides a detailed information of all the amount deducted as TDS or TCS from the taxpayers at various sources. One of the most convenient way to do the same is through your internet banking account which is absolutely free of cost. Form 26AS is a consolidated annual statement which is maintained by the Income Tax Department. It contains tax credit information of each Taxpayer against his PAN. If you have paid any tax on your income or tax has been deducted from it, then Income Tax Department have these details in their Form 26AS database. For NRIs, if they earn any income in India such as Interest on NRO account or any salary income and TDS has been deducted on it, then to claim tax credit and view Form 26AS, one has to register himself under Income Tax Department and should have PAN. Details contained in Form 26 AS: • Information about Tax Deducted at Source by deductors like employers/contractors; [TDS] • Information about Tax Collected at Source by collectors; [TCS] • Advance tax/self-assessment tax paid by the assessee; • Details of tax refund (if any) made by the department during the last financial year; and • Specified Financial Transactions(SFT) details, mostly of high-value transactions in respect of shares, mutual funds, etc. • Interest received from bank & others without deducting TDS in case of • Tax deducted on selling immovable property • Details of turnover as per GSTR3b What are the n...

Income Tax Return (ITR) filing online for AY 2023-24: As many as 14,65,641 ITRs for income earned in FY 2022-23 were filed till May 28, of which over 12 lakh returns by verified while 3834 verified ITRs were processed, according to data on the Income Tax e-filing website at the time of writing. Salaried employees will be soon able to file their returns for AY 2023-24 after receiving Form 16 from their employers by June 15. As the Most of the salaried employees would be eligible for ITR-1 (Sahaj), which is applicable when the total income of the taxpayer is not more than Rs 50 lakh during the financial year and his/her income is only from salary, one house property, family pension income, agricultural income up to Rs 5000 and other sources such interest from bank deposits (including savings account interest) interest from Income Tax Refund, any other interest income etc. Deductions under Chapter VI A of Income Tax Act: Know how much tax may be saved Steps to file ITR online for salaried Step 1: Visit Income Tax e-Filing portal, https://www.incometax.gov.in/iec/foportal/ Step-2: Login to e-Filing portal by entering user ID (PAN), Password, Captcha code and click ‘Login’. Step 3: Click on the ‘e-File’ menu and then click the ‘Income Tax Return’ link. Also Read: Step 4: According to information on the Income Tax website, PAN will be auto-populated on the Income Tax Return page. You need to select ‘Assessment Year’, ‘ITR Form Number’, ‘Filing Type’ as ‘Original/Revised Return’ ...

1. What is AIS Statement ? AIS is a comprehensive statement containing details of the financial transactions undertaken by you for a given financial year (FY). It's an important document that shows all the specified financial transactions and related information in one place. It's vital for every taxpayer to cross check before filing their Income Tax Return. 2. What information available in AIS Statement? • AIS contains information related to income earned from various sources such as salary, dividend, interest from savings account, recurring deposits, sale and purchase of equity shares, bonds, mutual funds, property transactions etc. • The statement also contains information related to TDS, TCS and any tax demand or refund • Salary • Rent Received • Dividends • Interest from Savings Account • Interest from Deposits • Interest from Others • Interest from Income Tax Refund • Rent on plant and machinery • Winning from lottery or crossword puzzle • Winning from horse race • Receipt of accumulated balance of PF from employer • Interest from infrastructure Debt Fund • Interest from specified company by NRI • Interest on bonds and government securities • Income w.r.t. units of non-resident (NRI) • Income and long-term capital gain (LTCG) from units by an offshore fund • Income and long-term capital gain (LTCG) from foreign currency bonds or shares of Indian companies • Income of foreign institutional investors from securities • Insurance commission • Receipts from life insurance...

Form 26AS is an important for while filing Income Tax returns. Form 26AS provides a detailed information of all the amount deducted as TDS or TCS from the taxpayers at various sources. One of the most convenient way to do the same is through your internet banking account which is absolutely free of cost. Form 26AS is a consolidated annual statement which is maintained by the Income Tax Department. It contains tax credit information of each Taxpayer against his PAN. If you have paid any tax on your income or tax has been deducted from it, then Income Tax Department have these details in their Form 26AS database. For NRIs, if they earn any income in India such as Interest on NRO account or any salary income and TDS has been deducted on it, then to claim tax credit and view Form 26AS, one has to register himself under Income Tax Department and should have PAN. Details contained in Form 26 AS: • Information about Tax Deducted at Source by deductors like employers/contractors; [TDS] • Information about Tax Collected at Source by collectors; [TCS] • Advance tax/self-assessment tax paid by the assessee; • Details of tax refund (if any) made by the department during the last financial year; and • Specified Financial Transactions(SFT) details, mostly of high-value transactions in respect of shares, mutual funds, etc. • Interest received from bank & others without deducting TDS in case of • Tax deducted on selling immovable property • Details of turnover as per GSTR3b What are the n...