Filing of return of Income

FIBOTA provide all kinds of services in Online filing of Return of Income has become very easy and convenient today, permitting one to do it by them instead of relying on a tax practitioner. Filing of return of Income is a compulsory exercise for everyone. However, withinside the case of individuals’ elderly below 60 years whose gross total income before claiming any deductions is not extra than Rs 2.5 lakhs, no filing is required. This restrict is Rs 3 lakh for resident senior residents (elderly among 60 to 80 years) and Rs 5 lakhs for super senior residents resident in India (aged above 80).

Below are the steps for Online filing of Return of Income:

1.Forms of Return prescribed under the Income-tax Law
2.Modes of filing the return of income
3.Mandatory e-filing of return
4.No documents to be attached along with the return of income
5.Applicability of ITR – 1 (SAHAJ)
6.Non-applicability of ITR – 1 (SAHAJ)
7.Applicability of ITR 2A
8.Non-applicability of ITR – 2A
9.Applicability of ITR – 2
10.Non-applicability of ITR – 2
11.Applicability of ITR – 3
12.Non-applicability of ITR – 3
13.Applicability of ITR – 4S (SUGAM)
14.Non-applicability of ITR – 4S (SUGAM)
15.Applicability of ITR – 4
16.Non-applicability of ITR – 4
17.Applicability of ITR – 5
18.Non-applicability of ITR – 5
19.Applicability of ITR – 6
20.Non-applicability of ITR – 6
21.Applicability of ITR – 7
22.Non-applicability of ITR – 7
23.Source for obtaining the return forms
24.Procedure for e-filing the return of income
25.E-filing utility provided by the Income-tax Department
26.Benefits of e-filing the return of income
27.E-filing help desk of Income-tax Department
28.Difference between e-filing and e-payment
29.Form 26AS
30.Procedure to be followed in case of discrepancies in actual TDS and TDS credit as per Form 26AS
31.Precautions to be taken while filing the return of income

Filing of Appeal before Income Tax Authorities

“FIBOTA” is the online platform offering financial services. This Blog has been is to focus on the provision and procedures relating to Filing of Appeal before Income Tax Authorities. One Law Dictionary defines ‘appeal’ as a proceeding taken to rectify an inaccurate choice of a court by submitting the question to a higher court, or court of appeal. Right to appeal under income tax regulation is a creation of statute and now no longer inherent right. Appeal can be filed only against orders listed withinside the Income Tax Act. FIBOTA endeavor to make the process simpler for the customers to Prepare Books of Accounts and filing of Return of Income Tax.

Income tax responsibility is decided at the extent of Assessing Officer first. Tax payer aggrieved by diverse actions of Assessing Officer can appeal before Commissioner of Income Tax and after than appeal can be preferred before the Income Tax Appellate Tribunal. On substantial question of law, in addition appeal can be filed before the High Court or even to the Supreme Court.Income tax Department has introduced an e-filing facility fo Online Filing of Appeal before Income Tax Authorities at the first appellate level i.e. the Commissioner of Income-tax (Appeals).

With the ladder up approach appeal procedures are below:

  • Appeal before Commissioner (Appeals)
  • Appeal before Income Tax Appellate Tribunal
  • Appeal before High Court
  • Appeal before Supreme Court