Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding
  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram

TMI Blog

Home

IT RETURN FORMS FOR ASSESSMENT YEAR 2008-09 NOTIFIED

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... IT RETURN FORMS FOR ASSESSMENT YEAR 2008-09 NOTIFIED
News and Press Release
Dated:- 31-3-2008

The Forms for Return of Income are assessment year specific. Central Board of Direct Taxes have prepared and notified following eight Return Forms for assessment year 2008-09. The changes made by the Finance Act 2007 have been incorporated. (i) ITR-1 - For Individuals having salary and inte .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... rest income and no other income. (Instructions to ITR-1) (ii) ITR-2 - For Individuals and HUFs, having income from any source except from business or profession. (Instructions to ITR-2) (iii) ITR-3 - For Individuals and HUFs being partners in firms and not having proprietory business or profession. (Instructions to ITR-3) (iv) ITR-4 - For Individuals and HUFs having proprietory business or prof .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ession. (Instructions to ITR-4) (v) ITR-5 - Combined Form For return of income and fringe benefits for Firms/AOP/BOI. (Instructions to ITR-5) (vi) ITR-6 - Combined Form for return of income and fringe benefits for Companies. (Instructions to ITR-6) (vii) ITR-7 - Combined Form for return of income and fringe benefits for Charitable / religious trusts, political parties and other non- profit orga .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... nizations. (Instructions to ITR-7) (viii) ITR-8 - Stand alone form for return of fringe benefits for persons who are not liable to file return of income but are liable to file return of fringe benefits (Instructions to ITR-8) The return of income has to be filed by using the applicable form without any annexure (except for Form ITR-7) so as to facilitate electronic filing. E-filing initiative .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... of the Department has been received well and for Assessment Year 2007-08 over 20 lakh E- Returns have been filed, out of which more than 64% E-Returns have been filed voluntarily by the tax payers. In terms of the taxes paid, these returns account for over 65% of total taxes collected. Electronic filing of returns for assessment year 2008-09 is compulsory for corporate tax-payers and for firms l .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... iable to tax audit u/s 44AB. These tax-payers may either file their return electronically under digital signature or may transmit the data of the return electronically and thereafter submit a one page verification Form which contains a summary of the return transmitted electronically. All other categories of taxpayers (other All other categories of taxpayers (other than charitable trusts, instit .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... utions, etc.) will have the option to file the return in a paper form or electronically, as mentioned above, or in a bar-coded return form. The new forms will be available on the Income Tax Department's website http://www.incometaxindiaefiling.gov.in .The Government would urge taxpayers to use the e-filing option, since it will help the Department to serve them better.
News - Press release - .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... PIB .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

 

 

 

 

Quick Updates:Latest Updates