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Income tax return: How to file ITR for FY 2016-17 and all ...

How to file ITR for FY 2016-17 and all the links you need


Updated: Jun 19, 2017, 01.32 PM IST


To start, collect all the required documents such as your TDS certificates, capital gains statement from mutual funds for the FY16-17.


Which ITR form to fill for FY 2016-17 and tips on how to fill it

The Income tax department has already notified the income tax return forms to be...

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Date: 2018-04-05 16:39:20

Income Tax Return: How to claim income tax refund

As per the Income Tax Act, a person is required to file his/her return in the relevant assessment year by July 31 to claim the refund. The FY immediately succeeding a financial year is the relevant assessment year (AY) for that FY.

A person can file his/her return either by uploading the filled excel/java utility form or by providing the required data in the online forms (Only for those eligible...

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Date: 2018-04-05 18:12:10

Missed the tax return filing deadline? Here's what to do

Missed the tax return filing deadline? Here's what to do


Jan 30, 2017, 05.54 PM IST


Not filing your I-T return by the due date is not only an offence but may also make you ineligible for certain tax benefits


Made a mistake in your tax return? Here's how to correct it

Merely paying the due amount of tax is not sufficient. In addition, the Income-tax rules require a taxpayer to...

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Date: 2018-04-05 13:07:41

income tax return: 4 reasons why deadline to file ITR ...

4 reasons why deadline to file ITR should be extended this year


Jul 28, 2017, 12.11 PM IST


Starting July 1, 2017 it has become mandatory to link your PAN with Aadhaar and quote the Aadhaar number while filing ITR.


Do you think deadline to file ITR should be extended this year?

Can't say



The deadline to file income tax returns i.e. July 31 is fast approaching....

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How to Calculate LTCG Tax? LTCG Tax Calculation Formula

Long-term capital gains (LTCG) and short-term capital gains (STCG) are taxed at different rates as per the income tax laws. Further, there are specified cases where these gains are taxed at special rates.

Also Read: How to compute capital gains

Capital gains tax (CGT) is charged on the gains in the financial year in which the capital asset is transferred, but the tax is only payable in the...

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Date: 2018-04-05 12:41:49

income tax return: No penalty for late ITR this year but ...

No penalty for late ITR this year but here are 4 important reasons to file it in time


Jul 29, 2017, 05.12 PM IST


If you file a belated return you cannot carry forward losses (except loss from house property).

The due date for filing income tax return for individuals - July 31 - is fast approaching but several people think that if one has paid all one's taxes there is no adverse...

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Date: 2018-04-05 20:46:17

Related topics : tax audit return filing date / tax audit return filing due date / late income tax return filing penalty / late income tax return filing / tax return due date

Long Term Capital Gains Calculator - Business News Live ...


Tax(Including Cess)

Part B (ii) if shares are sold on or before March 31, 2018 then transfer the Total LTCG to below column

Total LTCG


The LTCG tax liability is calculated assuming:

You have entered all long term capital gains / loss transactions which are subject to the proposed 10% LTCG tax plus 4% cess for FY 2018-2019. This assumption is necessary as the Rs 1 lakh exemption...

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capital gain: How to calculate short-term and long-term ...

The profit resulting from sale or transfer of a capital asset is called capital gain. There is no gain if the asset is inherited.

Capital asset

Any property, movable or immovable, that is held by a person is termed as asset. This can include land, building, house, securities (stocks, mutual funds, bonds, debentures), jewellery, vehicles, patents, trademarks and machinery.

What is not a capital...

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Date: 2018-04-05 23:12:19

Income Tax Slabs: How to save income tax under section 80C

How to save income tax under section 80C


Updated: Mar 14, 2018, 08.40 AM IST


There is a long list of investments, expenditures that qualify for deduction from gross total income under Section 80C.

Every year most of us struggle to save taxes. While most of us have an idea about commonly known options but tax saving can be challenging for a young newly recruited employee.

The most...

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Date: 2018-04-05 09:11:54

Related topics : self employed income tax calculator 2018 / income tax long term capital gains / self employed income tax calculator / capital gains tax income / tax calculator pension income

Six things about home loan tax incentives you didn't know ...

Six things about home loan tax incentives you didn't know


Updated: May 30, 2016, 03.26 PM IST


Even if you get a discount on both, your tax bill can burn a hole unless you know the rules well. Here goes a list of six lesserknown tax benefits.

2016 is looking to be one of the best years for home buyers. More tax benefits, rate cuts on loans, stagnant property prices, new launches in...

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Date: 2018-04-05 12:16:14

Related topics : income tax return loan / income tax act india section 24 / tax return loans h&r block / tax return loans 2016 / tax return loans