Page 2 - Itr Forms
Include cryptocurrency gains in income-tax returns, say analysts
Treat it as capital gain if you buy and hold; as business income if you trade frequently
 "Include cryptocurrency gains in income-tax returns, say analysts")
Covid impact: Govt extends deadline for filing income tax and GST returns
Individual must now file return by January 10, 2021; due date for ITR filing for companies extended by 15 days to February 15, 2021
 "Covid impact: Govt extends deadline for filing income tax and GST returns")
Mistakes you should avoid while filing your income-tax return this year
An incorrect form can render the return defective; under certain circumstances, you may have to file a return even if your income is below the exemption limit
 "Mistakes you should avoid while filing your income-tax return this year")
Taxpayers don't need to mention high-value transactions in ITR form: Report
Government is not considering any modification in the ITR form
 "Taxpayers don't need to mention high-value transactions in ITR form: Report")
New ITR forms call for filing return even if your income isn't taxable
Joint property holders can file simplified forms. But even if your income is low, file returns if you meet one of three newly-introduced conditions
 "New ITR forms call for filing return even if your income isn't taxable")
Filing ITR for AY 2020-21? Here're the changes you need to know
The notification of the returns followed Budget announcements making income-tax return filing mandatory for certain persons even if their income was below the taxable limit
 "Filing ITR for AY 2020-21? Here're the changes you need to know")
Power bill over Rs 100,000 or owning house jointly? Can't use ITR-1 form
ITR 1-Sahaj is for individuals having an annual income of up to Rs 5 million from salaries, a house, interest income, family pension income, etc. The form will require passport details
 "Power bill over Rs 100,000 or owning house jointly? Can't use ITR-1 form")
No change in income tax return forms, only utility software updated: CBDT
The policy-making body of the Income Tax Department issued a statement saying the updating process of these forms' utility software does not hamper the filing of returns
 "No change in income tax return forms, only utility software updated: CBDT")
New ITR forms decoded: Know the changes and how to file returns with ease
Aadhaar and PAN must be linked for those who are eligible for an aadhaar.
 "New ITR forms decoded: Know the changes and how to file returns with ease")
Get ready to file more details in new ITR forms
The number of changes made to the recently-notified ITR forms is the highest in recent years
 "Get ready to file more details in new ITR forms")
New ITR forms: How the changes will affect you when you file your returns
The income tax department has released the ITR forms for income tax return filing for the Financial Year 2017-18
 "New ITR forms: How the changes will affect you when you file your returns")
