FAQs on filing the return of income

Chapters / List

1. What is a return of income?

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2. What are the forms of return prescribed under the Income-tax Law?

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3. What are the different modes of filing the return of income?

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4. Which mode of filing of return is applicable to whom?

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5. Is it necessary to attach any documents along with the return of income?

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6. Who can use ITR – 1 (SAHAJ)?

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7. Who cannot use ITR – 1 (SAHAJ)?

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8. Who can use ITR – 2?

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9. Who cannot use ITR – 2?

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10. Who can use ITR – 3?

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11. Who cannot use ITR – 3?

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12. Who can use ITR – 4 (SUGAM)?

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13. Who cannot use ITR – 4 (SUGAM)?

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14. Who can use ITR – 5?

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15. Who cannot use ITR – 5?

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16. Who can use ITR – 6?

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17. Who cannot use ITR – 6?

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18. Who can use ITR – 7?

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19. Who cannot use ITR – 7?

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20. How to file the return of income electronically?

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21. What is e-filing utility provided by the Income-tax Department?

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22. Is there any e-filing help desk established by the Income-tax Department?

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23. What is the difference between e-filing and e-payment?

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24. Will I be put to any disadvantage by filing my return?

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25. What are the benefits of filing my return of income?

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26. What are the benefits of e-filing the return of income?

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27. Is it necessary to file return of income when I do not have any positive income?

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28. What are the due dates for filing returns of income/loss?

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29. Will I be penalized on late filing of ITR even if I am not liable to file it?

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30. If I fail to furnish my return within the due date, will I be fined or penalized?

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31. Can a return be filed after the due date?

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32. Can a return of income be filed after the expiry of due date to file belated return?

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33. If I have paid excess tax how will it be refunded to me?

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34. If I have committed any mistake in my original return, am I permitted to file a revised return to correct the mistake?

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35. How many times can I revise the return?

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36. Am I required to keep a copy of the return filed as proof and for how long?

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37. There are various deductions that are not reflected in the Form 16 issued by my employer. Can I claim them in my return?

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38. Why is return filing mandatory, even though all my taxes and interests have been paid and there is no refund due to me?

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39. Am I liable for any criminal prosecution [arrest/imprisonment, etc.] if I don’t file my Income-tax return, even though my income is taxable?

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40. What is Form 26AS?

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41. What to do if discrepancies appear in actual TDS and TDS credit as per Form 26AS?

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42. What precautions should be taken while filing the return of income?

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43. What is the eligibility for claiming rebate u/s 87A?

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44. Which ITR form is applicable for LIC agent?

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45. How to file return of income?

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46. Can total deductions exceeds the Gross Total Income (GTI)?

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47. Do I need to file the income-tax return even when I have paid all the taxes in advance?

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48. TDS has been deposited under wrong PAN. How can I claim that TDS?

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