Income Tax Return Date

Income Tax Return

Filing of Income Tax Return is last date is 31^st July 2016 for year ending 31/03/2016. Now the date is extended till 5^th August 2016 for the year ending 31/03/2016 due to strike in bank in country.

For Jammu And Kashmir State the income tax filing date is extended till 31^st August 2016 due to disturbance within state for year ending 31/003/2016.   

Link for circulor

http://incometaxindia.gov.in/news/order-extension-india-2016.pdf

Income Tax Return Forms

ITR 1 (SAHAJ) : For Individuals having Income from Salary & Interest.
ITR 2: For Individuals & HUFs not having Income from Business or Profession
ITR2A : For Individuals & HUFs not having Income from Business or Profession and Capital Gains and who do not hold foreign assets
ITR 3 : For Individuals/HUFs being partners in firms and not carrying out business or profession under any proprietorship
ITR4S: For Individuals/HUF/Partnership Firm having income from presumptive business
ITR 4: For Individuals & HUFs having income from a proprietary business or profession
ITR 5 : For persons other than,- (i) individual, (ii) HUF, (iii) company and (iv) person filing ITR-7
ITR 6: For Companies other than companies claiming exemption under section 11

ITR 7: For persons including companies required to furnish return under sections 139(4A) or 139(4B) or 139(4C) or 139(4D) or 139(4E) or 139(4F)

Dvat Return date: Delhi traders are required to file DVAT return for period of last quarter ending 31^st March 2016, on or before 25^st April 2016. Due to some difficulties in online filing return, departments had extended date from 25^th April to 15^th May 2016.

As per Circular no 5/2016, Departments has extended DVAT due date second time to file return for last quarter till 23^rd May 2016. 

Income Tax Return

Income Tax Form for year ending 31/03/2016 is available with Income Tax Departments.
http://incometaxindiaefiling.gov.in/
ITR 1 (SAHAJ) :      For Individuals having Income from Salary & Interest.
ITR 2:    For Individuals & HUFs not having Income from Business or Profession
ITR2A :    For Individuals & HUFs not having Income from Business or Profession and Capital Gains and who do not hold foreign assets
ITR 3 :  For Individuals/HUFs being partners in firms and not carrying out business or profession under any proprietorship
ITR4S:  For Individuals/HUF/Partnership Firm having income from presumptive business

Checklist for Filing ITR

Following documents are required to file return:

1. Last year Income Tax Return and its Acknowledgements

2. Photo copy of Form 16 (TDS Certificate)

3. Photo copy of PAN Card

4. Bank Details of all banks (IFS Code, Saving accounts number and Bank Name) or photocopy of cancel cheque of all bank accounts maintained by person

5. Address of employees (Address, Pin code, mail ID and Mobile number)

6. Bank Interest of all saving accounts and fixed deposit from bank statements

7. Income Tax user ID and Password

8. Aadhar number or Photo Copy of Aadhar Card

9. Saving and investments proof (PPF, Children education slip, LIC receipt, house loan repayments details etc)

There is practical problem with filing of Income Tax return before 31st May 2016, TDS will not be reflected in their 26AS statements and Income Tax departments provides tax credit in assessee accounts on basis of 26AS. So it is advisable for every assessee to file Income Tax return only after all TDS is reflected in 26AS.