Skip to main content

New ITR forms for 2015

 
 


Income Tax Department seeks Aadhar particulars and two e-mail IDs from those filing taxes.
The Income Tax Department has noti fied the new set of ITR forms for taxpayers to file their returns for assessment year 2015-16.

With the Finance Ministry publishing the gazette order, taxpayers and other entities can now file their Income Tax Returns (ITR) by 31 August, the new deadline. The government dropped the earlier forms which were criticised for seeking numerous additional details.

The most simplified form, ITR-2A, to be filled by individuals and HUFs who do not have income from either business, profession or by way of capital gains and do not hold foreign assets, only asks for the passport number of the tax filer, with the words `if available'.

Assessees will have to declare only the `total number of savings and current bank accounts' held `at any time during the pre vious year (excluding dormant accounts)'.

The form also has space for the IFSC code of the bank and tax filers have been given an option to indicate the bank accounts in which they would want their refunds credited.

The Income Tax department, in the new ITRs, has also sought the Aadhar number and has also given the options for providing two e-mail IDs. "The inclusion of Aadhar and e-mails is to ensure a regime of online ITR filing in the country," a senior official said.

The department has provided for an additional four-page schedule for those who wish to file additional details, applicable on a case-to-case basis.

The ITR-2 form is simple but tax filers will have to declare if they hold any foreign assets or have income from `any source outside India'.

Best Tax Saver Mutual Funds or ELSS Mutual Funds for 2015

1.ICICI Prudential Tax Plan

2.Reliance Tax Saver (ELSS) Fund

3.HDFC TaxSaver

4.DSP BlackRock Tax Saver Fund

5.Religare Tax Plan

6.Franklin India TaxShield

7.Canara Robeco Equity Tax Saver

8.IDFC Tax Advantage (ELSS) Fund

9.Axis Tax Saver Fund

10.BNP Paribas Long Term Equity Fund

You can invest Rs 1,50,000 and Save Tax under Section 80C by investing in Mutual Funds

Invest in Tax Saver Mutual Funds Online -

Invest Online

Download Application Forms

For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call

---------------------------------------------

Leave your comment with mail ID and we will answer them

OR

You can write to us at

PrajnaCapital [at] Gmail [dot] Com

OR

Leave a missed Call on 94 8300 8300

---------------------------------------------

Invest Mutual Funds Online

Invest Any Mutual Fund Online

Download Mutual Fund Application Forms from all AMCs

Popular posts from this blog

Post Office Deposits Interest Rates

Best SIP Funds to Invest Online   SIPs are Best Investments when Stock Market is high volatile. Invest in Best Mutual Fund SIPs and get good returns over a period of time. Know Top SIP Funds to Invest Save Tax Get Rich For further information on Top SIP Mutual Funds contact  Save Tax Get Rich on 94 8300 8300 OR You can write to us at Invest [at] SaveTaxGetRich [dot] Com

ELSS Tax Saver

ELSS Stands for Equity Linked Savings Scheme.   ELSS Fund are mutual funds with 3 years of lock in period and offer income tax benefit under section 80C. They are open ended to purchase. Not all Mutual fund Investments are eligible for tax exception. List of Tax Saving Mutual Funds   Invest in Tax Saving Mutual Funds ( ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.   Invest Tax Saving Mutual Funds Online Tax Saving Mutual Funds Online These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)   Download Tax Saving Mutual Fund Application Forms from all AMCs Download Tax Saving Mutual Fund Applications   These Application Forms can be used for buying regular mutual funds also   Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds ) HDFC TaxSaver ICICI Prudential Tax Plan DSP BlackRock Tax Saver Fund Birla Sun Life Tax Relief '96 Reliance Tax Saver (ELSS) Fund IDF

Tax Refund 2016

  Thursday (January 7) is the last day to get your ITR V with the taxman. Yes, it is 120 days since your September taxfiling deadline. If you had a refund to claim, it was mandatory that you made an electronic filing. This year, the tax department had also introduced e-verification of ITR V , making the tax return process fully electronic for the first time. This year, the tax department has processed refunds in three to four weeks for those who e-verified. So, have you got your refund yet? If not, the first thing to do is track it on the income-tax department's Tax Information Network website ( tin.nsdl.com ). You simply need your PAN number and assessment year to do this. If you e-verified in the past one month, the refund might still be under process and the status should read: Not Deter mined.However, if it has been longer than that, your status should read that your assessing officer has sent the refund to your refund banker. Meaning, you'll soon have the money in you

How Tax Deducted at Source (TDS) works?

    THE tax season is here. And if you are an employee you can't blame your employer for deducting large chunks of money from your salary towards tax deducted at source ( TDS ), which he is legally obliged to do. Your bank will also deduct some percentage from your FD interest of Rs 10,000 or more towards TDS! So what is this TDS all about? How is it computed? Are there any changes this year? Read on... What is TDS? TDS reduces your taxable income and could even provide tax relief! The TDS collections account for 40 percent of the total taxes collected in the country. As the name suggests TDS is the amount of tax that is deducted at source in certain types of income . The TDS thus collected is deposited in the Government treasury within a specified time. How is it computed? Some of the types of income where TDS is applicable include salary, interest, rental fee, interest on securities, insurance commission, dividends from shares and UTI/Mutual Funds, commission and brokerage

Modern day balanced mutual fund approach

Buy Gold Mutual Funds Invest Mutual Funds Online Download Tax Saving Mutual Fund Application Forms Call 0 94 8300 8300 (India)   In reality, most balanced funds have a strong tilt towards equity instead of a mix of equity and debt THERE are various types of mutual funds available to investors with specific features. Often investors have a particular idea about a specific type of funds in terms of their features and risks, but that is not what is actually available. Therefore, it is necessary for an investor to understand the actual position before picking up a fund. This requires some work on the part of the investor. One example can be the situation with balanced funds. Name is not representative: One of the first things that an investor has to understand is that the name of the fund is often not representative of its investment pattern. The name often represents only the aim of the fund, and not what it actually is.
Related Posts Plugin for WordPress, Blogger...
Invest in Tax Saving Mutual Funds Download Any Applications
Transact Mutual Funds Online Invest Online
Buy Gold Mutual Funds Invest Now