Form & mode of filling of Income Tax Return for AY 2013-14

Relevant Sections of Income Tax Act, 1961:

139(1), 139(3), 139(4A), 139(4B), 139(4C), 139(4D), 142(1), 148(1), 153A

All Applicable Return Forms for A Y 2013-14:

ITR-1 (SAHAJ), ITR-2, ITR-3, ITR -4S (SUGAM), ITR-4, ITR-5, ITR-6, ITR-7

Filling of Income Tax Return in ITR-1 (SAHAJ)

Assessee Category: Only Individuals

Conditions:

Total Income Includes =

1. Salary/Family Pension

2. House Property (Only one house & no b/f loss under HP)

3. Other Sources (Except lottery, horse race)

Exceptions:- Assessee has –

i. Any asset located outside India;                   Covered under ITR -2
ii. Signing authority in any a/c outside India;

 

iii. Claimed relief u/s 90,90A or TDS u/s 91;
iv. has income, not  chargeable to tax exceeding Rs. 5,000/-

 Filling of Income Tax Return in ITR-2

Assessee Category: Individuals (Not covered by ITR-1)/HUF

Conditions: Assessee has income from –

A. Salary/Family Pension and/or;

B. House Property and/or;

C. Other Sources and/or;

D. STCG/LTCG and/or;

E. Any asset located outside India and/or;

F. Signing authority in any a/c outside India and/or;

G. Claimed relief u/s 90, 90A or TDS u/s 91

H. has income, not chargeable to tax exceeding Rs. 5,000/-

There is no income under head PGBP

Filling of Income Tax Return in ITR-3

Assessee Category: Individual/HUF-Partner in a Firm

Conditions: Assessee has PGBP income (from firm) only from –

1. Salary;

2. Interest;

3. Bonus;

4. Commission;

5. Remuneration.

Filling of Income Tax Return in ITR- 4S (SUGAM)

Assessee Category: Individual/HUF

Conditions: Assessee has income u/s 44AD/44AE.

Exceptions: Assessee has –

i. Any asset located outside India; Covered under ITR -4
ii. Signing authority in any a/c outside India;
iii. Claimed relief u/s 90,90A or TDS u/s 91;
iv. has income, not  chargeable to tax exceeding Rs. 5,000/-

Filling of Income Tax Return in ITR- 4

Assessee Category: Individual/HUF (Not covered by Form ITR-1,ITR-2,ITR-3,ITR-4S)

Conditions: Assessee has PGBP income.

Filling of Income Tax Return in ITR- 5

Assessee Category: AOP, BOI, Firm, Artificial Juridical Persons, Local Authority.

Filling of Income Tax Return in ITR- 6

Assessee Category: Every Company.

Filling of Income Tax Return in ITR- 7

Assessee Category: Person required to file ITR u/s 139(4A), 139(4B), 139(4C), 139(4D).

Mode of Filling Income Tax Return

1. Paper Form;

2. Electronic under digital signature

3. Electronic + ITR-V

4. Bar coded return in Paper Form

Assessee wise Mode of Filling

(A) Paper Form (B) Electronic Filling with or without digital signature (C) E-filling only with Digital Signatures
1. ITR -7I 1. Any person (non-company) plusFilling ITR-7 plusTotal Income exceeds Rs. 5 Lakh 1. Firm filling ITR 5  or Individual/HuF filling ITR-4 plus tax audit u/s 44AB
2. Not covered under category (B) or (C) 2. Individual/HUF plus ITR-2,ITR-3,ITR-4 plus having asset located outside India or signing authority in any a/c located o/s India. 2. ITR-6
  3. Claim of relief u/s 90, 90A or TDS u/s 91  

 

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TIN revises rates for e-TDS/e-TCS, AIR, Form 24G returns

TIN with effect from May 4, 2013, revised rates for acceptance of e-TDS/TCS, Form 24G Statements and AIR at TIN Facilitation Centres (TIN-FCs).

They  are as under:

Basis of charges

Charges*

0-100 records

35.00

100-1000 records

200.00

More than 1000 records

650.00

*Inclusive of service tax

 

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Informations contained in Form 26AS for a tax payer

 A taxpayer can view the following information in Form 26AS:

Details in Form 26AS

  • Details of tax deducted on behalf of the tax payer by deductors
  • Details of tax collected on behalf of the tax payer by collectors
  • Advance tax / self-assessment tax / regular assessment tax etc. deposited by the tax payers (PAN holders)
  • Refund received during the financial year
  • Details of following transactions done by you  (as reported by AIR filer)
    • Cash deposits in saving account  (Rs. 10 lakh and above)
    • Credit card bills (Rs. 2 lakh and above)
    • Mutual Fund purchase (Rs. 2 lakh and above)
    • Purchase of bonds/debentures (Rs. 5 lakh and above)
    • Purchase of shares of a company (Rs. 1 lakh and above)
    • Purchase of immovable property (Rs. 30 lakh and above)
    • Sale of immovable property (Rs. 30 lakh and above)
    • Purchase of RBI bonds (Rs. 5 lakh and above)
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