ITR Forms for A.Y. 2011-12
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ITR 1 |
Income Tax Return Form for Individuals having Income from Salary/ Pension/ family pension & Interest |
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ITR 2 |
Income Tax Return forms for Individuals and HUFs not having Income from Business or Profession |
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ITR 3 |
IT Return Forms for Individuals/HUFs being partners in firms and not carrying out business or profession under any proprietorship |
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ITR 4 |
Income Tax Formfor individuals & HUFs having income from a proprietary business or profession |
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ITR 5 |
New Tax Returns Form for firms, AOPs and BOIs |
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ITR 6 |
IT Formsfor the purpose of filing returns for Companies other than companies claiming exemption under section 11 |
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ITR 7 |
Form for persons including companiesrequired to furnish return under section 139(4A) or section 139(4B) or section 139(4C) or section 139(4D) |
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ITR 8 |
IT Forms for Return for Fringe Benefits |
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ITR V |
Where the data of the Return of Income/Fringe Benefits in Form ITR-1, ITR-2, ITR-3, ITR-4, ITR-5, ITR-6 & ITR-8 transmitted electronically without digital |
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Income Tax Alert - Here Are 5 High-Value Transactions That May Come Under Scrutiny. Large Cash Deposits: Any cash deposit exceeding Rs 10 lakh in a financial year across savings accounts draws the attention of the income tax department. Even if deposits are spread across multiple accounts, the cumulative amount beyond the threshold triggers scrutiny. Fixed Deposits: Surpassing the Rs 10-lakh limit in fixed deposits within a financial year prompts inquiries regarding the source of f...
Delhi Court Sentences Woman to 6 months Jail for not filing the return of income (ITR) discussed. Accordingly, the accused is held guilty of not filing the return of income for the assessment year 2014-15 under Section 276CC of The Act. Accordingly, the accused is convicted for an offence punishable under Section 276CC of the Act," the court said in the judgement. "The convict is awarded a sentence of simple imprisonment for six months with a fine of Rs 5,000 and in default to unde...
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Very Important Income Tax Update regarding Micro and Small Enterprises Section 43B-any amount remains unpaid on year end to creditors, being micro/small entity, beyond 45 days or less, as agreed or 15 days if no agmt, shall be added to taxable Income resulting in huge additional tax liability. Keeping such creditors unpaid is risky. If payment for purchases made from *Micro and Small units* remains outstanding on 31st March, there may be huge tax liability. Therefore...


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