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What is The Procedure to Fill Income Tax Filling?

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What is The Procedure to Fill Income Tax Filling?
By: Sunanda Banerjee
August 18, 2021
All Articles by: Sunanda Banerjee       View Profile
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How Can We Fill ITR Form?

 IT return filing process is convenient now. ITR1 which another name is ITR Sahaj Form is an earning person whose income comes down under the three heads - salary, income from house property, and income from another source - and the income doesn't cross 50 lakh INR, is worthy for ITR Sahaj.

Which Document is Necessary for Income Tax Return?

Form 26AS is a brief description of taxes withdrawn in your favor and taxes paid by you. This is delivered by the Income Tax Department. It shows details of tax subtracted on your behalf by deductors, details on tax deposited by taxpayers, and tax refund received in the annual year.ITR filing online you can get from Online Lega India at an affordable cost.

 Which Person Can Use ITR 4?

Total income does not cross ₹ 50 lakh. If you have any business and you are professional income under section 44AD, 44AE, or ADA you must fill it.

 Which Person Can Use ITR 5?

ITR 5 Form may be used by Firms, Limited Liability Partnerships (LLPs), Association of Persons(AOP) and Body of Individuals (BOIS), Artificial Juridical Person, Cooperative society and Loc, subject to the condition that they do not need to file the return of income under section 139(4A) or 139(4B) or 139(4C) or 139(4D).

 What is The Fee for ITR Returns?

1500-2000 INR for individual or taxpayer for the filing depending on the difficulty of transactions in your tax returns. The online filing via partnerships if you have wanted to clear 500 to ₹ 1000 for filing of returns. ITR filing you must remember which document you need to produce.

 

By: Sunanda Banerjee - August 18, 2021

 

 

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