Income Tax Return Filing India

Income Tax Return Filing India

▶ LONG TERM CAPITAL GAINS TAX OF PROPERTY INDIA

Long Term Capital Gains Tax on Property return is to be filed when gains arise on account of sale of any house, land, office, building etc.
If a property is sold within a period of 24 months (from F.Y. 2017-18) from date of its purchase,
the gains will be taxed as Short Term Capital Gain and as Long Term Capital Gain if sold after 24 months.

THIS PLAN IS FOR
Individuals who have sold any Immovable property like house, flat, residential or commercial building etc

DOCUMENTS REQUIRED

1. Details of property sold such as sale deed, expenses incurred etc
2. Details of reinvestment of purchase of new House Property if any
3.Details such as PAN card no, AADHAAR CARD
4.Bank details such as account no, IFSC code
5.Bank account statement
6.Proofs of Investments such as LIC premium paid, fees of children etc
7.Details of any Advance Tax deposited
8.Any other detail as required

▶ ITR FILING INCOME FROM OTHER SOURCES

ITR 2 is filed for Individuals or HUF having income from renting of any house, flat, or any commercial property.
Also having Income from sources like interest on FD's, saving bank interest, dividend, tuition fees etc.
Income from any business or profession is not included in this return.

▶ ITR FILING-CAPITAL GAIN INCOME (SHARES & SECURITIES)

▶ ITR FILING-COMPANY/LLP/FIRMS/INDIVIDUAL LIABLE FOR AUDIT U/S 44AB

▶ INCOME TAX FILING FOR SALARIED EMPLOYEES

▶ PRESUMPTIVE INCOME TAX FILING

▶ REVISE RETURN IN RESPONSE TO NOTICE U/S 139(9) I.E DEFECTIVE RETURN

▶ REVISE RETURN IN RESPONSE TO NOTICE U/S 143(1)(A) I.E INCOME MISMATCH