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ITR Forms

19 Posts

Income Tax Return (ITR) filing requires taxpayers to furnish various documents and information in different ITR forms, depending on their income sources. We will take you through everything pertaining to the ITR Forms & Documents, covering the different types of ITR Forms, their applicability, and the necessary information to fill out income tax forms.

Relaxation in electronic filing of forms 15CA & 15CB

Currently, taxpayers must electronically file Form 15CA and, if necessary, Form 15CB, the Chartered Accountant Certificate.

Taxability Of Gifts Received By Individual Or HUF Member U/S 56,2

Government has considered to add tax on gifts to be applicable as receiver’s income under the head ‘Income from Other Sources’.

New Annual Information System form 26AS

Finance Act, 2020 (Budget 2020-2021) and amendment, inserts new Rule 114-I, had introduced a New section 285 BB in THE INCOME TAX ACT 1961 TO IMPLEMENT REVISED FORM 26 AS (Annual Information System).

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