How Income Tax Filling Online Must be Done
Which Person or Authority is Liable For Income Tax? The companies and firms are necessarily needed to file an income tax return (ITR). Whatever person, HUF, AOP, BOI must file ITR if the income exceeds the basic exemption limit of Rs 2.5 lakh. This limit is different for senior citizens (Rs 3 lakhs) and upper senior citizens (Rs 5 lakh). Online Legal India can help your income tax return online. What is The Procedure to Get Income Tax Returns? PAN card needed and after filled ITR1 and ITR 4 online. You can get the ITR form number. Income tax return filing is now effortless. When does Income Tax Refund an Income? The income tax refund amount varies from the extra tax you paid and is thus not decided as an income. Hence, it is not taxable . Anyway, the interest received over the income tax refund is considered an income and subject to income tax as per the applicable tax slab. How to file ITR online for a salaried person need to know.