Invest in Tax Saving Mutual Funds Download Any Applications
Transact Mutual Funds Online Invest Online
Buy Gold Mutual Funds Invest Now

Saturday, July 1, 2017

ITR form Sahaj

The Central Board of Direct Taxes (CBDT) has notified new income tax return filing forms for 2017-18. An easy to understand, single page form named "Sahaj" (ITR 1) has been introduced for individual assessees whose income in the financial year 2016-17 has been up to `50 lakh, subject to certain conditions.

Who can file?

ITR 1Sahaj can be used only by individuals who have income from salaries or one house property or other sources of income (except income from lottery or income from horse racing).

Ways of filing

ITR 1 can be filed in the following ways:

Electronically with digital signature

Electronically with verification code

Electronically and thereafter submitting the verification in Return Form ITR-V. The assessee is required to print out two copies of Form ITR-V.

One copy of ITR-V, duly signed by the assessee, has to be sent by post to Post Bag No. 1, Electronic City Office, Bengaluru-560 100, Karnataka. The other copy may be retained by the assessee for his record.

Filing return in physical form

Option available only in following cases:

The individual was 80 years old or more during the previous year.

Income of individual does not exceed Rs 5 lakh and no refund is claimed.

Only one copy of the return form needs to be filed. If the return form is furnished physically, the acknowledgment ITR-V should be duly filled.

Information in the return

Details such as PAN, email id, mobile number, address, residential status, income and tax details. Aadhaar number is required. In case Aadhaar not allotted but applied for enrolment ID may be given.

However, effective 1 July 2017, Aadhaar will be a mandatory field.


ITR 1 Sahaj is an annexure-less form.

Any document attached along with the return will be returned to the person filing the return.







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





Post a Comment
Invest in Tax Saving Mutual Funds Download Any Applications
Transact Mutual Funds Online Invest Online
Buy Gold Mutual Funds Invest Now
Related Posts Plugin for WordPress, Blogger...

Popular Posts

Invest in Tax Saving Mutual Funds Download Any Applications
Transact Mutual Funds Online Invest Online
Buy Gold Mutual Funds Invest Now