TMI BlogIT RETURN FORMS FOR ASSESSMENT YEAR 2008-09 NOTIFIEDX X X X Extracts X X X X X X X X Extracts X X X X ..... IT RETURN FORMS FOR ASSESSMENT YEAR 2008-09 NOTIFIED - News and Press Release Dated:- 31-3-2008 - News - The Forms for Return of Income are assessment year specific. Central Board of Direct Taxes have prepared and notified following eight Return Forms for assessment year 2008-09. The changes made by the Finance Act 2007 have been incorporated. (i) ITR-1 - For Individuals having salary and in ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... terest income and no other income. ( Instructions to ITR-1 ) (ii) ITR-2 - For Individuals and HUFs, having income from any source except from business or profession. ( Instructions to ITR-2 ) (iii) ITR-3 - For Individuals and HUFs being partners in firms and not having proprietory business or profession. ( Instructions to ITR-3 ) (iv) ITR-4 - For Individuals and HUFs having proprietory ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... business or profession. ( Instructions to ITR-4 ) (v) ITR-5 - Combined Form For return of income and fringe benefits for Firms/AOP/BOI. ( Instructions to ITR-5 ) (vi) ITR-6 - Combined Form for return of income and fringe benefits for Companies. ( Instructions to ITR-6 ) (vii) ITR-7 - Combined Form for return of income and fringe benefits for Charitable / religious trusts, political pa ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rties and other non- profit organizations. ( Instructions to ITR-7 ) (viii) ITR-8 - Stand alone form for return of fringe benefits for persons who are not liable to file return of income but are liable to file return of fringe benefits ( Instructions to ITR-8 ) The return of income has to be filed by using the applicable form without any annexure (except for Form ITR-7) so as to facilitate e ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... lectronic filing. E-filing initiative of the Department has been received well and for Assessment Year 2007-08 over 20 lakh E- Returns have been filed, out of which more than 64% E-Returns have been filed voluntarily by the tax payers. In terms of the taxes paid, these returns account for over 65% of total taxes collected. Electronic filing of returns for assessment year 2008-09 is compulso ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ry for corporate tax-payers and for firms liable to tax audit u/s 44AB. These tax-payers may either file their return electronically under digital signature or may transmit the data of the return electronically and thereafter submit a one page verification Form which contains a summary of the return transmitted electronically. All other categories of taxpayers (other All other categories of t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... axpayers (other than charitable trusts, institutions, etc.) will have the option to file the return in a paper form or electronically, as mentioned above, or in a bar-coded return form. The new forms will be available on the Income Tax Department's website http://www.incometaxindiaefiling.gov.in .The Government would urge taxpayers to use the e-filing option, since it will help the Departme ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nt to serve them better. - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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