The income tax department has come out with all return form applicable for ay 201415. Individual, hindu undivided family, association of persons, body of individuals, artificial juridical person. The central board of direct taxes cbdt has notified the income tax returns itr for financial year 201415 assessment year 201516. Rules for filing of income tax returns by individuals.
Generally, such late return are filed in response to income tax notice. Filing of income tax returns itr in july 2014 national portal of. How to file an income tax return for ay 201415 in 2018. Fy 202024 illinois income tax filing and payment extension 3252020 5. Calculate your income tax liability, use our excel based income tax calculator. Hdfc life provides the latest income tax slab rates and deductions in india for. As such if an individual including salaried employees with age less than 60 years and whose income was rs. Income tax 201415 exemptions available to salaried. Highlights of changes announced in budget 2014 and finance bill 2014 as far as income tax provisions relating to salaried employees. Both companies filed their revised returns of income return for ay 201516 and ay 201617 in november 2018 in paper form, as electronic filing was not possible by that time as the statutory time limit to file a revised return for the years in question had expired by then. Income tax return filing ay 201415which forms to use.
Please use the comment section at bottom for any query. Download free major itr forms for financial year 201415. Tax deducted at source tds is one of the ways of collecting income tax in india, regulated under the indian income. Assessment year ay is the year in which you file returns i. Further assessee can prepare return offline and upload return on filing portal. But, in normal case, an assessee has to file an application with the relevant tax authority to explain the delay in filing the tax return. Einvoicing modes of generation and flow of information.
As per section 91 of the act from ay 1718 onwards the due date of filing the return is the last day of the assessment year. The abovementioned tax benefits are subject to changes in the tax laws. Amendments to the act, relating to filing of return of income, applicable with effect. Instructions to form itr2 ay 201415 page 1 of 10 instructions for filling out form itr2 these instructions are guidelines for filling the particulars in this return form. The indian incometax act section 4 provides that in respect of the total income of the previous year of every person, income tax shall be. Income tax return itr forms for financial year 2014 15 assessment year 2015 16 last date for filing extended upto 31st august 2015. Scroll down below and download excel utility of form 16. Cbdt has amended rule 12 of income tax rules 1962 vide its notification no. The below table will give you details of usage of forms by assessee. By law, taxpayers must file an income tax return annually to determine their tax obligations. Income tax rates applicable for individuals, hindu undivided family huf, association of persons aop and body of individuals boi in india is as under. Refer the new forms list for fy 201516 ay 201617 details in. Notewe deactivated commenting option for this post. Tax rebate of rs 2000 to resident individuals whose total income is less than rs 5,00,000.
Income tax rates 20142015 for filing individual tax returns. Recently we also provide an artile for form 16 tds understand form 16 download excel utility. Income tax amendments applicable for the assessment year 201415 and e filing of returns of income. Income taxes are a source of revenue for governments. Income tax department has released form itr3, itr4, itr5, itr6, itr7 for a. Income tax slab for filing tax return on income in india. Division one 1 incometax rules, 1962 u arrangement of rules i1 u text of the incometax rules, 1962 as amended upto date 1. List of income tax files available for free download. Log on to e filing portal at if you are not registered with the e filing portal, use the register yourself link to register. If you continue, tabs opened first shall be closed. Calculation of tds on salary for fy 2014 ay 201415. Report alimony received on form 1040 or form 1040sr attach schedule 1 form 1040 or 1040sr pdf or on schedule nec, form 1040nr, u.
An income tax is a tax that governments impose on income generated by businesses and individuals within. This is a gentle reminder for you to file your income tax return for assessment year 201415. Rates of incometax in respect of income liable to tax for the assessment year. Income tax forms for assessment year 20142015 is released by income tax department. Extended dates for filing gst return due to covid19 pandemic. Fill up the relevant details to know your tax liability for fy 201415 income tax slabs for fy 2014. The income tax act provides that on determination of the gross total income of an assessee after considering income from all the heads, certain deductions there income tax deductions for a. Due date to file income tax return assessment year 201415. For example, if you have had an income between 1st april 2014 and 31 march 2015, then 201415 will be referred to as fy. Students guide to income tax including service tax vat.
Please contact your tax consultant for an exact calculation of your tax liabilities. Income tax forms for filing income tax return for assessment year 20142015 financial year 202014. Income tax rates for assessment year 20152016 previous year 201415. Step by step guide to file income tax return online aug 7, 2015. Income tax case laws section wise containing decisions of supreme court, high court, tribaul, cestat, cegat, aar, advance ruling authority etc. The sugam itr4s form is a presumptive income tax return form and is part of the income tax returns filing process with the income tax department of india. Rule 12 has prescribed the rules regarding which income tax form is to be used by the assessee and in which manner it is field like paper filing or e filing without digital signature and with digital signature. Instructions to form itr2 ay 201415 page 2 of 10 vii in response to notice under section 148 viii in response to notice under section 153a 153c if the assessee is governed by portuguese civil code under section 5a of the incometax act, schedule 5a is required to be filled out.
For assessment year 20142015, every person not being a co. I forgot to file my income tax return for ay 201415. The income tax department never asks for your pin numbers, passwords or similar access information for credit cards, banks or other financial accounts through email the income tax department appeals to taxpayers not to respond to such emails and not to share information relating to their credit card, bank and other financial accounts. Hi, if return is not filed as per section 91 of the income tax act then the taxpayer can file the return within 1 year from the end of the assessment year. From assessment year 201415 onwards in case an assessee who is required to furnish a report of audit under section1023civ, section 10. The new itr forms have been released by cbdt for fy 201415 income tax returns filing. Income tax 201415 what are all the changes affecting salaried employees. Income tax amendments applicable for the assessment year. If you are filing a return this year, the financial year will be 201415. For detailed instructions on how to fill itr4s, click here pdf file. Though, the due date for filing returns for ay 201415 is over, there is a provision under the income tax act to file a belated return which may help you to remain compliant with requirements of law. Income tax slabs income tax rates and deductions for fy 2017. If you have any doubts, then either ask the same in the latest post income tax return filing forms for ay 201617 fy 201516which form to use. In case of any doubt, please refer to relevant provisions of the income tax act, 1961 and the income tax rules, 1962.
The itr forms to file income returns for ay 201415 are as follows. Assessment year 201415, relevant to financial year 2014. Tax return for individuals 201415 australian taxation. Income tax 201415 exemptions available to salaried employees for the financial year 201415 assessment year 201516 finance act 2014 has made following changes relating to determination of income tax payable by salaried employees, which provide income tax exemption varied from rs. April 1, 2014 and made amendments in respect of filing of itr by trusts, partnership firms and furnishing of audit report under section 112a by trusts for accumulation of income. Income tax return which form to use for it filing ay 201415. Income tax 201415 what are all the changes affecting. Download major itr forms for financial year 201415 assessment year 201516.
But the return filed after the due date is considered belated return. Who should file income tax return 2014 assessment year. The form is required to be filled out and submitted by those who are eligible to use it under the income tax act, 1961, and the income tax rules, 1962. The amount of incometax computed in accordance with the preceding provisions of this paragraph shall be increased by a surcharge at the rate of ten percent. Income tax department has started the e filing of income tax return itr forms for the assessment year 201415 by releasing the two income tax return utilities java based. For individuals below 60 years age including woman assessees. Income tax return assessment year 2014 15 slideshare. Income tax how to file income tax returns with digital signature dsc ay 2014 15.
In 2014, income tax department has identified additional 22,09,464 nonfilers who have done high value transactions. The relevant subsection 5 of section 9 is being reproduced below for your information. Here in your case since you have not filed return for ay 201415 return can be filed up to 31st march,2016. Here we are providing form 16 in excel format you can download form 16 in excel format from below. Thus, in simple terms we can say if your gross total income is more that rs. Remember, this limit will be rs3,00,000 for individuals who have reached 60 years of age during the financial year or earlier. Reminder for efiling of income tax returns for ay 201415. Income tax is that percentage of income paid to the government by the taxpayers for the betterment of the public at large. Salary from more than one employer if pan is not furnished. Rule 12 filing of income tax return manner and form number.