Income tax rules for ay 2014-15 pdf file

An income tax is a tax that governments impose on income generated by businesses and individuals within. Both companies filed their revised returns of income return for ay 201516 and ay 201617 in november 2018 in paper form, as electronic filing was not possible by that time as the statutory time limit to file a revised return for the years in question had expired by then. The indian incometax act section 4 provides that in respect of the total income of the previous year of every person, income tax shall be. Income tax department has started the e filing of income tax return itr forms for the assessment year 201415 by releasing the two income tax return utilities java based. If you continue, tabs opened first shall be closed. Income tax 201415 exemptions available to salaried employees for the financial year 201415 assessment year 201516 finance act 2014 has made following changes relating to determination of income tax payable by salaried employees, which provide income tax exemption varied from rs. Calculate your income tax liability, use our excel based income tax calculator. Step by step guide to file income tax return online aug 7, 2015.

List of income tax files available for free download. Generally, such late return are filed in response to income tax notice. Income tax return which form to use for it filing ay 201415. Division one 1 incometax rules, 1962 u arrangement of rules i1 u text of the incometax rules, 1962 as amended upto date 1. Income tax forms for assessment year 20142015 is released by income tax department. Income tax return assessment year 2014 15 slideshare. Due date to file income tax return assessment year 201415. Rule 12 has prescribed the rules regarding which income tax form is to be used by the assessee and in which manner it is field like paper filing or e filing without digital signature and with digital signature. Instructions to form itr2 ay 201415 page 2 of 10 vii in response to notice under section 148 viii in response to notice under section 153a 153c if the assessee is governed by portuguese civil code under section 5a of the incometax act, schedule 5a is required to be filled out. Income tax is that percentage of income paid to the government by the taxpayers for the betterment of the public at large.

Income tax forms for filing income tax return for assessment year 20142015 financial year 202014. The amount of incometax computed in accordance with the preceding provisions of this paragraph shall be increased by a surcharge at the rate of ten percent. Thus, in simple terms we can say if your gross total income is more that rs. Tax rebate of rs 2000 to resident individuals whose total income is less than rs 5,00,000. Income tax 201415 what are all the changes affecting. By law, taxpayers must file an income tax return annually to determine their tax obligations. For individuals below 60 years age including woman assessees. Reminder for efiling of income tax returns for ay 201415. Notewe deactivated commenting option for this post. Income tax slabs income tax rates and deductions for fy 2017. Please contact your tax consultant for an exact calculation of your tax liabilities. Instructions to form itr2 ay 201415 page 1 of 10 instructions for filling out form itr2 these instructions are guidelines for filling the particulars in this return form.

Rules for filing of income tax returns by individuals. The income tax department has come out with all return form applicable for ay 201415. The new itr forms have been released by cbdt for fy 201415 income tax returns filing. April 1, 2014 and made amendments in respect of filing of itr by trusts, partnership firms and furnishing of audit report under section 112a by trusts for accumulation of income. The itr forms to file income returns for ay 201415 are as follows. In case of any doubt, please refer to relevant provisions of the income tax act, 1961 and the income tax rules, 1962. Further assessee can prepare return offline and upload return on filing portal. Income tax 201415 exemptions available to salaried. Download free major itr forms for financial year 201415. Income tax how to file income tax returns with digital signature dsc ay 2014 15. Cbdt has amended rule 12 of income tax rules 1962 vide its notification no. Calculation of tds on salary for fy 2014 ay 201415.

Income tax rates applicable for individuals, hindu undivided family huf, association of persons aop and body of individuals boi in india is as under. Salary from more than one employer if pan is not furnished. If you are filing a return this year, the financial year will be 201415. Hdfc life provides the latest income tax slab rates and deductions in india for. For assessment year 20142015, every person not being a co. As per section 91 of the act from ay 1718 onwards the due date of filing the return is the last day of the assessment year. Income tax department has released form itr3, itr4, itr5, itr6, itr7 for a. But the return filed after the due date is considered belated return. The abovementioned tax benefits are subject to changes in the tax laws. Download major itr forms for financial year 201415 assessment year 201516. Income tax return filing ay 201415which forms to use.

Refer the new forms list for fy 201516 ay 201617 details in. Income tax slab for filing tax return on income in india. The central board of direct taxes cbdt has notified the income tax returns itr for financial year 201415 assessment year 201516. Here we are providing form 16 in excel format you can download form 16 in excel format from below. This is a gentle reminder for you to file your income tax return for assessment year 201415. Hi, if return is not filed as per section 91 of the income tax act then the taxpayer can file the return within 1 year from the end of the assessment year. The sugam itr4s form is a presumptive income tax return form and is part of the income tax returns filing process with the income tax department of india. Though, the due date for filing returns for ay 201415 is over, there is a provision under the income tax act to file a belated return which may help you to remain compliant with requirements of law. Individual, hindu undivided family, association of persons, body of individuals, artificial juridical person.

Assessment year 201415, relevant to financial year 2014. Please use the comment section at bottom for any query. How to file an income tax return for ay 201415 in 2018. But, in normal case, an assessee has to file an application with the relevant tax authority to explain the delay in filing the tax return. Assessment year ay is the year in which you file returns i. Income tax 201415 what are all the changes affecting salaried employees. Log on to e filing portal at if you are not registered with the e filing portal, use the register yourself link to register. I forgot to file my income tax return for ay 201415. Filing of income tax returns itr in july 2014 national portal of. Income tax amendments applicable for the assessment year. Report alimony received on form 1040 or form 1040sr attach schedule 1 form 1040 or 1040sr pdf or on schedule nec, form 1040nr, u. If you have any doubts, then either ask the same in the latest post income tax return filing forms for ay 201617 fy 201516which form to use. Tax deducted at source tds is one of the ways of collecting income tax in india, regulated under the indian income.

Income tax rates for assessment year 20152016 previous year 201415. Extended dates for filing gst return due to covid19 pandemic. As such if an individual including salaried employees with age less than 60 years and whose income was rs. From assessment year 201415 onwards in case an assessee who is required to furnish a report of audit under section1023civ, section 10. Income taxes are a source of revenue for governments. The income tax act provides that on determination of the gross total income of an assessee after considering income from all the heads, certain deductions there income tax deductions for a.

Tax return for individuals 201415 australian taxation. Income tax case laws section wise containing decisions of supreme court, high court, tribaul, cestat, cegat, aar, advance ruling authority etc. Fill up the relevant details to know your tax liability for fy 201415 income tax slabs for fy 2014. Income tax amendments applicable for the assessment year 201415 and e filing of returns of income. Who should file income tax return 2014 assessment year. Fy 202024 illinois income tax filing and payment extension 3252020 5. The below table will give you details of usage of forms by assessee. 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. Remember, this limit will be rs3,00,000 for individuals who have reached 60 years of age during the financial year or earlier. Recently we also provide an artile for form 16 tds understand form 16 download excel utility. The form is required to be filled out and submitted by those who are eligible to use it under the income tax act, 1961, and the income tax rules, 1962. Students guide to income tax including service tax vat. Einvoicing modes of generation and flow of information. For example, if you have had an income between 1st april 2014 and 31 march 2015, then 201415 will be referred to as fy.

The relevant subsection 5 of section 9 is being reproduced below for your information. Income tax rates 20142015 for filing individual tax returns. Amendments to the act, relating to filing of return of income, applicable with effect. Income tax return itr forms for financial year 2014 15 assessment year 2015 16 last date for filing extended upto 31st august 2015. For detailed instructions on how to fill itr4s, click here pdf file. In 2014, income tax department has identified additional 22,09,464 nonfilers who have done high value transactions. Highlights of changes announced in budget 2014 and finance bill 2014 as far as income tax provisions relating to salaried employees. Here in your case since you have not filed return for ay 201415 return can be filed up to 31st march,2016. Scroll down below and download excel utility of form 16. Rates of incometax in respect of income liable to tax for the assessment year. Rule 12 filing of income tax return manner and form number.