YOU CAN NOW REGISTER A GST Registration - Goods & Service Tax Registration Online IN INDIA AT JUST RS. 999 (ALL INCLUSIVE)*
An income tax return is a form where taxpayers declare their taxable income, deductions, and tax payments. This procedure of filing income tax returns is referred to as income tax filing. While filing, the total income tax you owe to the government is also calculated. If you've paid more tax than needed for the financial year, the IT Department will refund the extra money to your account. If you have underpaid taxes for the year, please pay the remaining amount, and then file your income tax returns.
Income tax return form ranges from ITR 1 to ITR 7, used for different types of income. Some forms are longer than the others, and they may need additional disclosures such as balance sheet and a profit and loss statement information.
Taxpayers who do not file their income tax return on time are subject to penalty and charged an interest on the late payment of income tax. Also, the penalty for late filing income tax return on time has been increased recently. The penalty for late filing income tax return is now as follows:
You can file your income tax returns online, either on the income tax department's website or with us on www.legaldukan.in Income Tax filing or e-filling is made easy on legaldukan.in. You can e-file your returns within just 7 minutes! Also note that the due date to e-file your income tax returns for the assessment year 2019-2020 is on or before July 31, 2019.
No, you cannot file income tax returns online for years before 2014. From 2017-18 onwards, you can only e-file income tax return for 1 year. For example, you can e-file the income tax return for FY 2017-18 only up to 31 March, 2019. You can't file any returns for years passed.
