The process of filing Income tax returns electronically, through the internet is known as e Filing.
e-Filing income tax return is very easy for salaried individual. Since July 2015, the income tax department has made the whole e filing process easier. Now the filing has really become online.
e Filing of ITR 1, ITR 2, ITR-2A and ITR-4S is now updated using Saral TaxOffice and Saral Income Tax.
Saral TaxOffice and Saral Income Tax is updated with all notified ITR Forms by Income Tax Department for AY 2015-16, with both e-filing and paper return filing.
New form ITR 2A is introduced for AY 2015-16, applicable for Individuals and HUFs not having Income from Business/Profession or Capital Gains or Relief U/s 90, 90A, 91 or Foreign Assets.
Income under Double Taxation Avoidance Agreement (DTAA): For Non residents, DTAA entries are provided in Capital Gains and Other Sources;
a) Income chargeable to Tax under Other Sources:
- To enter the details related to DTAA, entries has to be first given in the respective sections like Sec 115A, 115AC etc. to reflect in DTAA screen.
- Under Other Sources -> new entry is given ‘Income chargeable under DTAA’ under Special Incomes.
- Amount entered in DTAA will be taxable at the rate specified by the user.
b) Income NOT chargeable to Tax under Capital Gains:
- Under Capital Gains, option is given to apply DTAA
ITD has introduced Validation Rules for all ITRs in order to improve the quality of e-filing. It’s strictly advised to adhere to these rules to avoid inconvenience to the taxpayers. These validation rules have been incorporated to ensure the quality of ITR.
PAN Verification fetches the Assessee First Name, Middle Name and Last Name as per PAN Database, which is required as per ITR Validation Rule.
Please update Saral Tax Office / Saral Income Tax version 10.04 to get all notified forms, and start filing.
