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Income Tax Return Individual Resident

Post demetization, its very important to file Income Tax Return for everyone who has deposited money into there bank accounts.

Documents Required for Income Tax Return Individual Resident

  • 1 Copy of PAN
  • 2 Banks Accounts details / statements of all bank accounts (including Joint Accounts)
  • 3 Form 16 received from Employer (if available)
  • 4 Form 16 A received form Deductor (if available)
  • 5 Details of Investments made / Mediclaim (To claim Deduction or to lessen your tax burden)
  • 6 Aadhar Number (Mandatory)
  • 7 Passport Number ( if you have visited outside India in last financial year)

About ! Income Tax Return Individual Resident

Whether all taxpayers who are earning income only from salary can choose ITR-1 for filing income-tax returns?

Yes, all taxpayers who are earning income only from salary can choose ITR-1 for filing tax returns. However, salaried taxpayers cannot choose ITR-1 in following cases:

(a) His salary income exceeds Rs. 50 lakhs
(b) His salary income is earned from outside India
(c) He is Non-resident or Not-Ordinarily Resident in India
(d) He has any assets located outside India

He has signing authority in any account located outside India.

What are the modes of filing return of income?

Return of income can be filed in paper mode or in e-filing mode. If return of income is filed through electronic mode, then the assessee has following three options:

1. E-filing using a Digital Signature (DSC)
2. E-filing without a Digital Signature
3. E-filing under Electronic Verification Code (EVC)

What are the due dates for filing of income-tax returns for the year ending March 31, 2018?

Particular of assesseeDue Date
Company (Private, Public or Foreign Co.)September 30, 2018
Any assessee who is required to furnish TP Report in Form No. 3CEBNovember 30, 2018
Any assessee whose accounts are required to be auditedSeptember 30, 2018
Co-operative SocietySeptember 30, 2018
Other CasesJuly 31, 2018

 Who are required to file return of income electronically?

The general rule is that electronic filing of return of income is mandatory for all assessees. However, a person can furnish the return of income in paper form in ITR 1 or ITR 4 in any of the following circumstance:

1. Taxpayer is an individual and his age is 80 years or more during the previous year
2. Taxpayer is an Individual, HUF or Partnership Firm and his/its income during the previous year does not exceed Rs. 5 lakhs and no refund is claimed in the return of income.



Income Tax Return Salaried

All Inclusive Fee
Rs. 1180 Include pacages
  • Income Tax Return Individual Resident

Income Tax Return Capital Gain

All Inclusive Fee
Rs. 1770 Include pacages
  • Income Tax Return Individual Resident

Income Tax Return Business

All Inclusive Fee
Rs. 2360 Include pacages
  • Income Tax Return Individual Resident