Apply at photonjournal@yahoo.com to File Income Tax Return online. It costs INR 50, 000
File Return with Photon Financial Services1. ITR Documents:
Following documents are required to get started with your
income tax return :
Form 16/16A
Bank Statements/Passbook
Form 26AS
80C Investment receipts (FD Statements, LIC Premium Receipts,
NSC Certificates, and PPF Receipts etc.)
2. Complete income tax profile: Basic info such as-
PAN,
contact details,
Bank account info and income heads applicable.
3. Income Details:
Incomes earned during the year in appropriate heads of income.
4. Expenses incurred and investments:
The amount of investments and expenses for the purpose of deduction
under chapter VIA.
5. Taxes Paid & deducted:
The details of Advance Tax paid by you and TDS deducted on
non-salary incomes
6. Review income tax return
Submit these all documents at photonjournal@yahoo.com along
with registration fee Rs 50,000
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ITR-1 OR SAHAJ
This Return Form is to be used by an
individual whose total income for the assessment year 2017-18 includes:-
- Income from Salary/ Pension; or
- Income from One House Property (excluding cases where
loss is brought forward from previous years); or
- Income from Other Sources (excluding Winning from
Lottery and Income from Race Horses)
Who cannot use this
Return Form
- If your total income exceeds Rs 50 lakhs.
- If you have foreign assets
- If you have agricultural income which is more than Rs.
5,000,
- If you have taxable capital gains
- If you have income from business or profession
- If you have income from more than one house property
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ITR-2A
·
This tax return form
has been discontinued in FY 2016-17.If you have filed ITR 2A in FY
2015-16, then you should file ITR 2 now for FY 2016-17.
ITR-2
This Return Form is to be used by an
individual or a Hindu Undivided Family whose total income for the assessment
year 2017-18 includes:-
- Income from Salary/Pension; or
- Income from House Property; or
- Income from Capital Gains; or
- Income from Other Sources (including Winnings from
Lottery and Income from Race Horses).
- Income of a person as a partner in the firm
- Foreign Assets/Foreign income
- Agricultural income more than Rs 5,000
Further, in a case where the income of another
person like one’s spouse, child, etc. is to be clubbed with the income of the
assessee, this Return Form can be used where such income falls in any of the
above categories.
Who cannot use this
Return Form
This Return Form should not be used by an
individual whose total income for the assessment year 2017-18 includes Income
from Business or Profession .
For declaring these types of Income, you may have to use ITR-3
or ITR-4
ITR-3
The old ITR-4 tax form has been renamed ITR-3.
If you’ve e-filed an ITR-3 for FY 2015-16, then you must file an ITR-2 now The
Current ITR3 Form is to be used by an individual or an Hindu
Undivided Family who have income from proprietary business or are carrying on
profession. The persons having income from following sources are eligible to
file ITR 3 :
- Carrying on a business or profession
- Return may include income from House
property,Salary/Pension and Income from other sources
ITR-4 S or Sugam
This tax return form has been discontinued in
FY 2016-17.If you have filed ITR 4S in FY 2015-16, then you should file ITR 4
now for FY 2016-17.
ITR-4
The old ITR-4S tax form has been renamed
ITR-4. If you’ve e-filed an ITR-4 for FY 2015-16, then you must file an ITR-3
now.
The current ITR 4 is applicable to individuals and HUFs
having income from a business or profession and who have opted for the presumptive
income scheme as per Section 44AD ,Sec 44ADA and Section 44AE of the Income Tax
Act. However, if the turnover of the business exceeds Rs 2 crores, the tax
payer will have to file ITR-3.
ITR-5
For firms, LLPs, AOPs (Association of persons)
and BOIs (Body of Individuals)
ITR-6
For Companies other than companies claiming
exemption under section 11 (Income from property held for charitable or
religious purposes)
This return has to be filed electronically
only.
ITR-7
For persons including companies required to
furnish return under section 139(4A) or section 139(4B) or section 139(4C) or
section 139(4D).
- Return under section 139(4A) is required to be filed by
every person in receipt of income derived from property held under trust
or other legal obligation wholly for charitable or religious purposes or
in part only for such purposes.
- Return under section 139(4B) is required to be filed by
a political party if the total income without giving effect to the
provisions of section 139A exceeds the maximum amount which is not
chargeable to income-tax.
- Return under section 139(4C) is required to be filed by
every –
- scientific research association;
- news agency ;
- association or institution referred to in section
10(23A);
- institution referred to in section 10(23B);
- fund or institution or university or other educational
institution or any hospital or other medical institution.
- Return under section 139(4D) is required to be filed by
every university, college or other institution, which is not required to
furnish return of income or loss under any other provision of this
section.
For any query please contact at photonjournal@yahoo.com
FAQ-
Applicable to
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ITR 1 (SAHAJ)
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For Individuals having Income from
Salary and Interest.
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ITR 2
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For Individuals & HUFs not
having Income from Business or Profession
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ITR 2A
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For Individuals and HUFs not
having Income from Business or Profession and Capital Gains and who do not
hold foreign assets
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ITR 3
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For Individuals/HUFs being
partners in firms and not carrying out business or profession under any
proprietorship
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ITR 4
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For Individuals & HUFs having
income from a proprietory business or profession
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ITR 4S (SUGAM)
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For Individuals/HUF having income
from presumptive business
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ITR 5
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For persons other than,- (i)
individual, (ii) HUF, (iii) company and (iv) person filing ITR-7
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ITR 6
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For Companies other than companies
claiming exemption under section 11
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ITR 7
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For persons including companies
required to furnish return under section 139(4A) or section 139(4B) or
section 139(4C) or section 139(4D) or section 139(4E)
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