As per rule 12 (Updated for AY 2014-15) (notification 24/2014 dated 01.04.2014) of income tax rules, income tax return can be filed using four modes. 1. Return in a paper form 2. Return electronically under digital signature; 3. Transmitting the data in the return electronically and thereafter submitting the verification of the…
Relevant Sections of Income Tax Act, 1961: 139(1), 139(3), 139(4A), 139(4B), 139(4C), 139(4D), 142(1), 148(1), 153A All Applicable Return Forms for A Y 2013-14: ITR-1 (SAHAJ), ITR-2, ITR-3, ITR -4S (SUGAM), ITR-4, ITR-5, ITR-6, ITR-7 Filling of Income Tax Return in ITR-1 (SAHAJ) Assessee Category: Only Individuals Conditions: Total Income Includes = 1. Salary/Family Pension 2….
The major change in ITR forms for Financial year 2012-13 is that now you have to provide your all personal assets details (other than involved in your business) and liabilities related to such assets .This details are required to be filled in ITR-3 as well as in ITR-4. However it is not required to filled…