Analysis of returns filed for ay 12 individuals filing returns 2. Due date for filing income tax return for assessment year 201617 due date for filing income tax return for ay 201617. Download efiling utility of itr 6 and itr 7 for ay 201617. Last year income tax department has released the final income tax return form in last week of june,due to which income tax return due date has extended and lately due date in audit cases was also extended after the court interference.
Income tax return form ay 201617 notified consumer. Mar 19, 2019 download income tax calculator for ay 2016 17, hi friends download latest income tax calculator for ay 2016 17. Y submits the following information in respect of his property for financial year 201617. Download itr 1, itr 4 and itr v infillable pdf with formulas for ay 201819 and ay 201718. India itr easy way to file income tax return in india.
The existing income tax return forms itr2, 2a, and 3 are converted to a single itr2 form. Instructions for filing itr 5 for ay 201718, download itr 5. The income tax department has already notified the income tax return forms to be used for filing returns for fy 201617 or assessment year 201718. Existing itr4 and itr4s sugam forms are renumbered as itr3 and itr4 sugam respectively. However, you may use these forms as an aid for efiling of your return. Income tax return forms ay 201718 which form to use. Peak rate of receipt of returns per day as on 31staugust2019. Apr 06, 2017 before jumping to know about the forms, let see the new changes in income tax return forms ay 201718 fy 2016 17. Sep 26, 2016 the provision regarding applicability of tax audit in case of income exceeding maximum exemption limit has been made applicable from a. Log on to efiling portal at if you are not registered with the efiling portal, use the register. In 2014, income tax department has identified additional 22,09,464 nonfilers who have done high value transactions. Income tax return filing ay 201617 new itr forms which.
For companies other than companies claiming exemption under section 11. For fy 201617, individuals had the option to submit their itr using. In case of any doubt, please refer to relevant provisions of the income tax act, 1961 and the income tax rules, 1962. Income tax rates applicable for financial year 201617 are as follows. Income tax return forms ay 201718 fy 2016 17 are reduced from nine to seven forms. The new itr forms in pdf format are now available on income tax departments website. Now you can scroll down below n download income tax calculator for ay 2016 17 in excel format. This initiative will benefit more than two crore taxpayers who will be eligible to file their return of. The incometax return itr forms for the assessment year a. With assessment year 201617, individuals and hufs filing their returns of income in itr1, itr2, itr2a and itr4s, having income exceeding rs. Income tax department has introduced a convenient way to file the return of income by the taxpayers using the internet.
We can know more about online income tax return filing. Quick excel income tax calculator for fy 201516 ay 201617. We can know more about online income tax return filingfy 201516 ay 201617 watch this video to know more about income tax return filing. Income tax return forms for ay 201617 to be notified early. Can we file it returns for ay 2016 17 now as on date as belated return and if yes then under which section income tax efiling. When will the refund processing for ay 201617 start. Instructions for filing itr 5 for ay 201718, download itr. Income tax department has issued the income tax return for fy 201617 i.
Income tax department has released income tax return utility for assessment year 201718 financial year 201617 for itr 1, itr 2, itr 3. Penalty for non filing of income tax return is rs 5000. The provision regarding applicability of tax audit in case of income exceeding maximum exemption limit has been made applicable from a. Income tax return filing for ay 201617 fy 201516 can it.
These instructions are guidelines for filling the particulars in this return form. Each itr form is available in an excel file containing. Jan 07, 2018 instructions for filing itr 5 for ay 201718. I downloaded itr 3 in pdf format took print out, filled by hand, converted to xml. Itr forms for ay 202021, download latest income tax. For individuals, hufs and firms other than llp being a resident having total income upto rs.
Now you can scroll down below n download income tax calculator for ay 201617 in excel format. Apr 09, 2018 last date for filing the income tax return is 31. Tagged with ay 201718 fy 201617 income tax return itr 2017 itr 4 sugam itr v itr1 itr2 itr3 itr4 itr5 itr6 itr7 sahaj sugam. Cbdt has earlier released efiling utility for itr 1 and itr 4s on 03. Income tax return forms for most categories of tax return filers have changed some more some less. If you have made any high value cash transaction or even near about transactions we suggest you to file your itr for ay 201718. Download free trial version of gen income tax software fy 201920 ay 202021 in an easy way. Assessment year for which this return form is applicable.
Release of efiling of income tax returns itr and other forms reg in pursuance of the notification of the income tax returns itr for ay 201617 on march 31 st, 2016, central board of direct taxes announces the release of electronic filing of itrs 1. Income tax return filing for ay 201718 itr for fy 201617. Download income tax slab for ay 201617 in pdf, download latest income tax slab rates for fy 201516 or income tax slab rates for ay 201617. Income tax return for ay 201718 fy 201617 is of vital importance as it is the first itr to be filed after demonetisation policy. Download efiling utility of itr 4 and itr 5 for ay 201617.
Apr 01, 2020 the incometax return itr forms for the assessment year a. Mar 19, 2019 download income tax slab for ay 201617 in pdf, download latest income tax slab rates for fy 201516 or income tax slab rates for ay 201617. New itr forms ay 201617 have been notified by the cbdt central board of direct taxes. Major changes in the income tax return filing 2015 16 ay. Apr 23, 2016 therefore, the process of electronically filing your income tax returns is known as efiling of returns. Download efiling utility for itr 1, 2, 3, 4, 5, 6, 7 for ay. Itr forms for ay 202021, download latest income tax return forms. After the financial year is over as on 31st march, the next job is to obtain form 16 or so from employers and others and file income tax return on or before due date i. Download income tax slabs for individual, huf, company, aop, foreign company with surcharge details. The cbdt has take number of steps for hassle free efiling of income tax return in this year. This income tax calculator is prepared by rohit goyal.
Itr forms previous years with excel formulas finotax. Government of india ministry of finance department of revenue central board of direct taxes. This article provide quick excel income tax calculator for fy 201516 ay 201617 for individual resident whose age is below than 60 years i. Due date for filing income tax return for assessment year 2016 17 financial year 201516 i. Download the itr forms for financial year 201516 assessment year 201617 what is efiling of returns. The excel utilities or java utilities for ay 201617 will soon be made available on incometaxindia efiling website. In addition, the incometax rules require a taxpayer to also file return, irrespective of whether tax is due or not. For any assessment year, the processing of return will start as soon as you verify your efiled return. Please guide which form is used for income tax return. Download income tax calculator for ay 201617, hi friends download latest income tax calculator for ay 201617.
Jan 30, 2017 it can be filed before the end of the relevant assessment year or before completion of the assessment, whichever is earlier. Download efiling utility of itr 6 and itr 7 for ay 201617 taxguru. The perid for filing of income tax returns for the relevant assessment year has arrived assessee h have not filed their income tax return are prone to department notice for non filing of income tax return. The above comparison of itr forms would help you to choose the right form to use for ay 201718 fy 201617. New income tax return forms itrs for ay 201617 notified by cbdt. Mar 10, 2018 income tax return for ay 201718 fy 2016 17 is of vital importance as it is the first itr to be filed after demonetisation policy. Instructions for sahaj income tax return ay 201617. Instructions to form itr6 ay 201617 income tax department. The income tax return filing due date is approaching. Finance ministry is likely to notify by first week of april new income tax return forms for assessment year 201617 which will more or less be similar. In 20, income tax department issued letters to 12,19,832 nonfilers who had done high value transactions.
The excel utilities or java utilities for ay 201617 will soon be made. So essentially you can start efiling your income tax returns for the ay 2016. Jun 07, 2016 due date for filing income tax return for assessment year 2016 17 due date for filing income tax return for ay 2016 17. Therefore, the process of electronically filing your income tax returns is known as efiling of returns. The income tax slab is remain unchanged in this financial year. Itr 5 validation rules for ay 201617 income tax department. In case of any doubt, please refer to relevant provisions of the incometax act, 1961 and the income tax rules, 1962. Apr 15, 2016 cbdt has today released efiling utility of itr 6 and itr 7 for ay 2016 17 which were the only utilities pending for release for assessment year 2016 17. This year, income tax department issued itrs on 31st march, 2016. Mar 08, 2018 if you have not filed income tax return for f. Purpose the income tax department has provided free return preparation software in the downloads page. Income tax return filing for ay 201718 itr for fy 2016. Income tax deduction 80c ay 201617 income tax deduction 80gg ay 201617 income tax deduction 80tta ay 201617 pricing. Income tax return forms ay 201718 fy 201617 which form.
The income tax department has released the itr filing software utility for. The income tax department has released the new itr forms applicable for ay. Mar 25, 2016 finance ministry is likely to notify by first week of april new income tax return forms for assessment year 2016 17 which will more or less be similar to the one that was filed by assessees last year. Jul 14, 2017 in simple terms due date for filling itr for fy 2016 17 i. Income tax department has announced new income tax return itr form for assessment year 201617. Before jumping to know about the forms, let see the new changes in income tax return forms ay 201718 fy 201617.
The government of india prescribes applicable tax rates and slab rates every year in its annual finance budget. Filing of income tax return for assessment year 201516. Instructions to form itr6 ay 201617 page 1 of 12 instructions for filling out form itr6 these instructions are guidelines for filling the particulars in this return form. In case of any doubt, please refer to relevant provisions of the incometax act, 1961 and the incometax rules, 1962.
This return form is to be used by an individual whose total income for the assessment year 201617 includes. For persons including companies required to furnish return under sections 94a or 94b or 94c or 94d or 94e or 94f. Income tax return forms ay 201718 fy 201617 are reduced from nine to seven forms. Subsequently, instructions for filing itr forms were issued and the software utility for efiling of all the itr forms were also released. Electronic filing of income tax return is mandatory for the taxpayer if the total income. If you are going to fill income tax return tir form for income of april 2015march, 2016, you need to fill the new itr form which has some modification than earlier one. For individuals being a resident other than not ordinarily resident having total income upto rs. Instructions for sahaj income tax return ay 201617 general. Government notifies new income tax return forms for ay 201617 april 5, 2016 in brief the central board of direct taxes has notified incometax return forms applicable for the financial year 201516 assessment year ay 201617. Until ay 201617, you could have done so till the completion of one year from the end of the assessment year. Therefore, for all those with income above the exempted limit, tax return filing within the due date is a must. We have not gone through income tax forms in detailed but itr1 and itr2 are more or. Income tax return forms for ay 201617 to be notified. Cbdt has released new income tax return form for assessment year 201617.
Minimum alternative tax mat for domestic companies for domestic companies rates of income tax for f. In pursuance of the notification of the income tax returns itr for ay 2016 17 on march 31 st, 2016, central board of direct taxes announces the release of electronic filing of itrs 1 and 4s on its website. Every year, july 31 is the date by which taxpayers are supposed to file their it returns itr. Due date for filing income tax return for assessment year 201617 financial year 201516 i. The excel utilities or java utilities for ay 201617 will soon be made available on incometaxindia e. May 17, 2016 the income tax return filing due date is approaching. The last date of filing income tax returns for individual salaried employees is 31 st july 2017 for assessment year 201718. For financial year 201617 department has merged the different itr and numbering of itr has been changed and after consolidation of itr only seven types of itr are available for filling for income tax payers. Cbdt notified new income tax return forms for a y 201617. A rebate of income tax is allowed under section 87a in respect of resident individual whose taxable income is up to rs. Filing of income tax returns assessment year 2016 2017. Since aarav is an individual, let us presume he need not get audit done, then, time limit for filing taxes in his case was 31st july 2016. It may be noted that individuals and hufs with income above a specified limit, filing returns in itr3 and itr4 are already required to furnish information of their assets and liabilities in their annual return of income.
Instructions to form itr6 ay 2016 17 page 1 of 12 instructions for filling out form itr6 these instructions are guidelines for filling the particulars in this return form. Income tax return filing for ay 201617 fy 201516 can. Government of india ministry of finance department of revenue central board of direct taxes notification no. This video talks about things you should know before filing income tax returns for fy 201516. New income tax return itrs for ay 201617 notified by cbdt. Income tax return form ay 201617 notified consumer resources. These forms are for physical filing of income tax returns in paper form. Government notifies new income tax return forms for ay. Efiling of income tax return itr ay 201617 press releasee. All individuals resident or non resident, men or women below the age of 60 years. Merely paying the due amount of tax is not sufficient. Free download income tax return efiling software fy 201920. Mar 31, 2016 new income tax return forms itrs for ay 201617 notified by cbdt. The income tax department never asks for your pin numbers, passwords or similar access information for credit cards, banks or other financial accounts through email the income tax department appeals to taxpayers not to respond to such emails and not to share information relating to their credit card, bank and other financial accounts.
This initiative will benefit more than two crore tax payers who will be eligible to file their return of income in this simplified form. Due date for filling itr for individual, huf, firm etc except for companies, all the person whose accounts are required to be audited under income tax act having profit below 8%6% of turnover or turnover more than rs 2 crs. Check instructions for itr 5 income tax return ay 201718. Instructions for sahaj income tax return ay 201617 general instructions these instructions are guidelines for filling the particulars in this return form. New inserted omitted and deleted substituted amended bill 201617 in the income tax ordinance, 2001 xlix of 2001, the following further amendments shall be made, namely. Income tax slab rates for financial year 201516 assessment. Income tax department has announced new income tax return itr form for assessment year 2016 17. Instructions for sahaj income tax return ay 2016 17 general instructions these instructions are guidelines for filling the particulars in this return form. Aug 14, 2019 new itr forms ay 201617 have been notified by the cbdt central board of direct taxes. Dr suresh surana, founder, rsm astute consulting group, informs, if an individual misses the deadline of august 5, 2016 for filing return pertaining to fy 201516 ay 2016 17, he can file a belated return by march 31. Government notifies new income tax return forms for ay 201617. Cbdt has today released efiling utility of itr 6 and itr 7 for ay 201617 which were the only utilities pending for release for assessment year 201617. Y submits the following information in respect of his property for financial year 2016 17.