AS & ASSOCIATES

  HOW TO FILE INCOME TAX RETURN (ITR) INDIVIDUAL(INDIA) INTRODUCTION :  Income Tax Return Is Filed By Tax Payers. ITR Is details of income earned by the taxpayer During the Financial Year. And The Tax Is Calculated and Paid On the Detail Furnish By the Tax Payers in the Income Tax Return Form. There Are Different Forms for Different Tax Payers Select as Per Your Need Form No.: ITR-1 SAHAJ   (For individuals being a resident (other than not  ordinarily  resident) having total income up to Rs.50 lakh, having Income from Salaries, one house property, other sources (Interest, etc.), and agricultural income up to Rs.5 thousand ) Form No.: ITR-2 (For Individuals and HUFs not having income from  profits and  gains of business or profession)   Form No.: ITR-3 ( For individuals and HUFs having income from  profits and  gains of business or profession )   Form No.: ITR-4 Sugam (For Individuals, HUFs, and Firms (other than LLP ) being a  ...

  HOW TO FILE LATE RETURN U/S 139(8A) I n this article we will learn about new sec.139 (8A) added in income tax for filling return after due date (Updated Return). Content About Sec 139(8A) Eligibility to File Return Can I File Late Return if fails to do so Method to File return Under Sec 139 (8A)   ABOUT SEC 139(8A) This Sec. Is announced during annual budget session of 2022. This section effects from 1.4.2022. This section is added to provide option to file late return and update return after due date (limit for late return is 24 month) mean you can file late return for two previous years.   Eligibility to File Return You can file return under this section for two immediate previous year. You can file return if not filed original return. You can file updated return also. You can not claim refund in Any Case. if you are filling revised or updated return then you can only increase your liability.   Can I File Late Return if fails to do so Yes the main purpose for int...