Skip to main content

All ITR Forms for 2017

All ITR forms are now available online

All income tax return (ITR) forms are available online at the income-tax department's e-filing website




Since 1 April, the income tax department has been uploading the various income tax return (ITR) forms for assessment year (AY) 2017-18. And now, all of them are available online at the income-tax department's e-filing website www.inometaxefiling.gov.in. If all your documents are in place, you can now e-file the tax returns. Also note that the number of ITR forms has been reduced to seven for this assessment year, compared to nine forms in the previous one. Now let's read more about e-filing taxes.


Almost everybody has to e-file the tax return
All income tax assessees can file their returns online, however there are exemption for very senior citizens (individual above 80 years, at any time during the previous year) or an individual or Hindu undivided family (HUF) having income of less than Rs5 lakh and who have not claimed any refund in the return of income, can also file their returns in physical forms. Rest all are compulsory required to e-file their ITRs.


Rationalised ITR Forms
In order to simplify the filing of taxes, the Central Board of Direct Taxes (CBDT) has made some amendments to the ITR forms. For the current assessment year, the numbers of forms have been reduced to seven, from nine, because in place of three ITR forms- ITR-2, ITR-2A and ITR-3- a single ITR-2 has been notified. Consequently, ITR-4 has been renumbered as ITR-3 and ITR-4S (Sugam) as ITR-4 (Sugam).


Further, some more changes have also been made in the design and format of the notified forms for the current assessment year.


For instance, a one-page simplified ITR Form-1 (Sahaj) can be used to file returns by individuals having income of up to Rs50 lakh a year and who are receiving income from salary and one house property or 'other income'. According to CBDT, "Various parts of ITR Form-1 (Sahaj) viz. parts relating to tax computation and deductions have been rationalized and simplified for easy compliance. This will reduce the compliance burden to a significant extent on the individual taxpayer. This initiative will benefit more than 2 crore taxpayers who will be eligible to file their return of income in this simplified form."


The ways of E-filing your tax return
There are no changes in the e-filing process of returns for the current year. There are two ways you can file the ITR. One is mostly online but partially offline, and the other is fully online. In the partially offline process, you need to download the relevant ITR form-which is in the form of an XML file-and save it to your computer. If you want, you can go offline while you fill it. After you fill and save the form, you need to submit it by going online again. To do this you will need a user ID and password to login to the income-tax filing website. If you don't already have a user ID, you can generate it on the same website using your Permanent Account Number (PAN).


After you log in, select the relevant form from the left panel and click 'Submit Return'. Browse to select the XML file that you had filled and saved on your computer, and 'Upload' it. After you upload the file, acknowledgement details would be displayed on your screen. In the fully online process, you don't have to download any form. You fill it online, and submit it online, after you login to the e-filing website with your user ID and password.


The due date
The due date for filing ITRs for AY2017-18 is 31 July 2017. However, in case you file it after 1 July, remember that you will have to quote your Aadhaar number or the enrolment ID of Aadhaar application form. This was mandated by the finance minister in the Finance Act, 2017, although this move has been challenged in the Supreme Court.



Invest Rs 1,50,000 and Save Tax up to Rs 46,350 under Section 80C. Get Great Returns by Investing in Best Performing ELSS Funds. Save Tax Get Rich

Top 10 Tax Saver Mutual Funds for 2017 - 2018

Best 10 ELSS Mutual Funds to Invest in India for 2017

1. DSP BlackRock Tax Saver Fund

2. Tata India Tax Savings Fund 

3. Birla Sun Life Tax Relief 96

4. ICICI Prudential Long Term Equity Fund

5. Invesco India Tax Plan

6. Franklin India TaxShield 

7. Reliance Tax Saver (ELSS) Fund

8. BNP Paribas Long Term Equity Fund

9. Axis Tax Saver Fund

10. Sundaram Diversified Equity Fund



Invest in Best Performing 2017 Tax Saver Mutual Funds Online

Invest Best Tax Saver Mutual Funds Online

Download Top Tax Saver Mutual Funds Application Forms


For further information contact SaveTaxGetRich on 94 8300 8300

OR

You can write to us at

Invest [at] SaveTaxGetRich [dot] Com

OR

Call us on 94 8300 8300





Popular posts from this blog

Mutual Fund Review: Religare Tax Plan

Tax Plan is one of the better performing schemes from Religare Asset Management. Existing investors can redeem their investment after three years. But given the scheme's performance, they can continue to stay invested   Given the mandated lock-in period of three years, tax saving schemes give the fund manager the leeway to invest in ideas that may take time to nurture. Religare Tax Plan's investment ideas revolve around 'High Growth', which the fund manager has aimed to achieve by digging out promising stories/businesses in the mid-cap segment. Within the space, consumer staples has been the centre of attention for the last couple of years and can be seen as one of the key reasons for the scheme's outperformance as compared to the broader market. It has, however, tweaked its focus and reduced exposure in midcaps as they were commanding a high premium. The strategy seems to have worked as it returned a 22% gain last year. Religare Tax Plan has outperformed BSE 100...

JP Morgan launches Emerging Markets Opportunities Equity Offshore Fund

Download Tax Saving Mutual Fund Application Forms Invest In Tax Saving Mutual Funds Online Buy Gold Mutual Funds Leave a missed Call on 94 8300 8300 JP Morgan launches Emerging Markets Opportunities Equity Offshore Fund    The new fund offer opens for subscription on 16 th June and closes on 30 th June. JP Morgan Mutual Fund today announced the launch of its open end fund of fund called Emerging Markets Opportunities Equity Offshore Fund. The fund will invest in an aggressively managed portfolio of emerging market companies in the underlying fund - JPMorgan Funds - Emerging Markets Opportunities Fund, says a JP Morgan press release. Noriko Kuroki, Client Portfolio Manager, Global Emerging Markets Team (Singapore), JPMAM said, "Emerging markets have been out of favour for several years, as growth decelerated and earnings struggled. However, in a world of globalisation, we believe that EM will eventually re-couple with DM, leading to the long-aw...

Good time to invest in Infrastructure Funds

Download Tax Saving Mutual Fund Application Forms Invest In Tax Saving Mutual Funds Online Buy Gold Mutual Funds Leave a missed Call on 94 8300 8300   Good time to invest in infrastructure The Sensex has gained almost 10 per cent from May 15 till date, while the CNX Infrastructure Index has gained almost 17 per cent in the period. The price to earnings ( P/ E) ratio of the BSE Sensex is 18.96; for the CNX Infrastructure Index, it is 24.57. The estimated P/ E for next year is 14.04 for the Sensex. Of the 24 companies that make up the CNX Infrastructure Index, six have a P/ E higher than 20. Does this mean infrastructure is fairly valued? Or, has it run up quite a bit? According to experts, barring stray companies, the infra sector is fairly valued and it is a good time to invest. Even if some companies are facing debt restructuring problems, once interest rates come down and regulatory norms become flexible, they will start giving good re...

Nifty F&O

  1. What is a straddle? A strategy using Nifty options usually before a major event or when one is uncertain of market direction. Comprises purchase of a Nifty call and put option of the same strike price. Usually strikes are purchased closer to the level of the underlying index. 2. What is better ­ buying or selling a straddle? It depends.Implied volatili ty of options, or near-term expectations of price swings in an un derlier like Nifty , usually peaks before an event and falls when the outcome plays out ­ like Infy re sults in past years. However, once the event plays out, a sharp rise or fall in Nifty could result in price of the straddle rising ­ benefiting buy ers. But, normally , those who sell or write options charge hefty premiums from buyers in the hope that fall in volatility would ensure the options end out-of-the-money, hurting buyers. 3. So, do straddle sellers end up winning most of the time? Yes. That's invariably the case when market volatility is trending on the...

Mutual Funds: Past Performance is not just everything

Many a times your agent / distributor / relationship manager tries to push you some mutual fund schemes by enticing you with a typical sales pitch…"Sir, this scheme has generated 20% returns in the past one year." And this sales pitch often gets louder when the market conditions have been favourable. Some of the agents / distributors / relationship managers have another unique way of luring you. They say, "Sir / madam this scheme has been awarded the best scheme award in the past by a leading business channel"... And hearing all these sales talks you investors very often get attracted and sign a cheque in favour of the respective scheme.   But please ask yourself do you hear these sales talks when the capital markets turn turbulent? Why is it so that your agent / distributor / relationship manager avoids talking to you during turbulent times of the capital markets and doesn't boast about returns generated by the respective funds or awards being conferred on t...
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