Income Tax Filing and ITR Forms For FY 2017-18 or AY 2018-19
The ITR forms for FY 2017-18 and AY 2018-19 were notified by the Central Board of Direct Taxes, the policy-making body of the income tax (I-T) department, on 5 Apr 2018. The last date for filing I-T returns for FY18 is Aug 31 July 31, 2018. This article gives an...How to agree to income tax notice under 143(1)(a) due to variance in income and file revised return
If you have received the income notice under 143(1)(a) due to variance in income as a mismatch with 26AS and the details are correct. Then You have to agree to the notice and file a revised return. This article gives the steps to revise the return. It also shows how...Grandfathering: Long Term Capital Gain on Stocks & Equity Mutual Funds with Calculator
The Budget 2018 changed how LTCG or Long Term Capital Gain on Stocks and Equity Mutual Funds will be taxed in an individual’s hands. The Finance minister announced Long Term Capital Gain tax of 10%, without indexation, for capital gains exceeding one lakh from...Income Tax Defective notice 139(9) for ITR3 with error code 181 or 180
Around 25 Oct 2017 many people who filed ITR3 got an Income Tax Notice with error code 181 or 180. The defective notice for error code 181 is shown below. On 10 Nov 2017 Income Tax department sent a mail saying that the Defective notice has been withdrawn, the...If you did not respond to Communication of proposed adjustment u/s 143(1)(a)
I logged into income tax website to check my ITR status and I saw notice of Communication of proposed adjustment u/s 143(1)(a). I didn’t submit any response as 30days time limit is over. What am I supposed to do now? Update on 7 Sep: Many readers have said that...Subscribe to All Our Posts
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