10 changes to know before ITR 1 filing in 2019

If you look into the income sources and house property, he is eligible to file his tax returns using ITR Form 1. (Learn: Which ITR form to fill for Tax Returns for AY 2019-20?) We take you through the entire process of filing the tax return and in case you have never done this before – its very simple. Login to ITR Website

Here are 5 things to know about the changes made in the Form 16 format: 1) Reporting of allowances exempt under Section 10 – Earlier, all the exempted allowances used to be clubbed under one.

While the deadline for filing the return remains the same at 31 July, one of the biggest change is the introduction of late filing fees of Rs 5,000 (if the return is filed by 31 December) or Rs 10,000 (if filed after 31 December).

ITR filing: Individual taxpayers should know these 5 key points after Budget 2019 ITR filing: In the Finance Minister’s maiden Budget 2019 on July 5, a slew of changes have been proposed.

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The last date of filing your return may get extended this year since the deadline for employers to issue Form 16 was extended.

New Delhi: As the pressure on the income tax officials mounts to extend the deadline of ITR filings, it is likely that the.

To help you steer through this taxing time here is a guide on how to file ITR 1, but before this, you need to know who can File ITR 1. ITR 1, also known as Sahaj form, is for those whose source of.

The Income Tax Department has also released the e-filing "utilities" (i.e. excel versions which can be used for online filing) for ITR 1, 2 and 4 for AY 2019-20 which are relevant for individual.

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New Income tax forms notified: Five changes you should know. Here are the changes that you should know about. 1) The New itr- 1 (sahaj) form is a one page form and it can only be filed by an.

With the extension of due date for filing tax returns, some simultaneous changes have also been made in the online as well offline ITR forms, among others. Here’s all you need to know. 1 Form Sahaj.