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procedure of income tax filing in India, ITR filing of foreign assets, last date of filing income tax returns, consequences of not filing ITR
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Procedure of Income Tax Filing India WWW.TAXOLAWGY.COM
Filing for income tax returns in India can be confusing for some. Since it is process this article will explain you the ITR filing procedure under taxation policy in India in the simplest way. a mandatory Income Tax Filing India WWW.TAXOLAWGY.COM
If you fall in any of the subsequent criteria under Taxation policy in India, then you must file an income tax return: Who is required to file income tax returns? WWW.TAXOLAWGY.COM 5
Mandatory Filing of Return in case of assets stationed outside India 1.They are ordinary-residents in India or resident in India and is not under the obligation to furnish return u/s 139 2.Such a person at any time during the P.Y. 1.Someone who holds, as a profitable owner or otherwise, any asset positioned outside India 2.Is a possessor of any asset located outside India WWW.TAXOLAWGY.COM
Documents Needed for Filing Income Tax Returns 431stJuly is the final day to file your Income Tax Returns in India in any given financial year. The procedure of Income Tax Filing India requires some preparation WWW.TAXOLAWGY.COM
Choosing the applicable ITR form Taxpayers have to determine the appropriate ITR form for them in the AY 2019-20. Link Aadhaar with PAN It is compulsory for taxpayers to link Aadhaar with PAN for the AY 2019-20 on or before the filing of income tax returns. Salaried Employees If you are a salaried employee, collect these documents to e-file your income tax returns in India. WWW.TAXOLAWGY.COM
Taxolawgy We hope the complete process explains you everything about taxation policy in India and ITR Filing as per the standard procedure. WWW.TAXOLAWGY.COM WWW.TAXOLAWGY.COM
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