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babu sahu

babu sahu

Asked on 30 July, 2018

Which ITR form to be filled if Not getting Payslips and Form-16 from the employer?

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You can still file your ITR even when you do not have payslips and form no-16. Calculate your income and check form 26AS for any TDS deductions. File the return using ITR1.

Janardhanan Ananth

Janardhanan Ananth

Asked on 25 July, 2018

What about the exemption of FD interests for the 17-18 financial year for senior citizens?

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The government has announced an increase in exemption limit on interest on Fixed Deposit. This is for the benefit of senior citizens. The exemption has been increased from Rs.10,000 to Rs.50,000. The financial bill proposed in the year 2018 mentioned this change.

Rajendra Wadi

Rajendra Wadi

Asked on 25 July, 2018

How to upload form no.16 issued by the employer for filing the ITR?

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You can upload your Form 16 using MyITreturn or through Income Tax website. These are the authorised websites which will make your work easy and quick.

Chintamani Baby

Chintamani Baby

Asked on 25 July, 2018

How can I fill ITR by smartphone?

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You can download the Income Tax Filing Portal like All India ITR and ClearTax for filing ITR easily through your smartphones. It will take hardly five minutes to complete the process.

Dhandapani TL TL

Dhandapani TL TL

Asked on 25 July, 2018

After calculations and accounting of TDS, if I need to pay IT, how do I make the payment?

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You can pay your income tax online via Challan 280. It is a form which you should fill and submit to pay tax. Visit tax information network and select the form of Challan 280. Fill the necessary details and personal information. Submit the form and then check the receipt. Download the receipt for further reference.

Sunshine S

Sunshine S

Asked on 25 July, 2018

If a taxpayer is not having Aadhaar Card, can he file his tax return through Income Tax site?

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It is compulsory to have Aadhaar Card to file your income tax through online portal. You have to link your PAN with Aadhaar and provide the Aadaar details in IT form.

Nitya Shetty (nityas2012)

Nitya Shetty (nityas2012)

Asked on 25 July, 2018

How much tax is on the sale of property?

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There are several taxes on the sale of a property. These taxes are Capital gain tax(on the profit generated by the property), TDS(@1% on the amount payable to the seller by the buyer), service tax( 3.75% to 4.5% according to the size of property) and VAT( paid by the buyer to seller).

Shaihnaaz Setia

Shaihnaaz Setia

Asked on 25 July, 2018

Which ITR form for Agriculture income, Dairy income?

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The income generated from agriculture is exempted from income tax. However, the income generated from dairy farming is not considered a part of agriculture that is why one has to pay tax on dairy farming. You have to file Form 4 for income from dairy farming.

Julluri Aruna

Julluri Aruna

Asked on 25 July, 2018

How to claim insurance paid for the niece?

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In India, you can not claim insurance on any payments you did for your relatives such as niece. Though in the US, if your niece or nephew is claimed as dependent by you and they have lived for one year with you, then you can claim for the return on insurance paid for them.

Gururaj Badami

Gururaj Badami

Asked on 25 July, 2018

Which IT form should an MCX trader use?

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The type of Itr form which a trader should use is ITR3. If you are using trading as business income, you have to fill ITR3. If you are an investor or trader, you can still show your income and investment under Form 3.

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