Working Of Income Tax in CA Firm :-
How to file Income Tax Returns
ITR – 1 – When income of an individual from (salary /pension+ interest income’s only ) . Simply file in one copy and submitted it in a local income tax office.
No any such further attachment are compulsory along with income tax return. Like
Form No 16 – for salary TDS certificate, and other documents like 80C deductions etc
They are to be submitted only when an assessing officer demand from the assessee by further any legal notice.
Simiarly we file
ITR 2- For Individuals and HUFs not having Income from Business or Profession
ITR 3- For Individuals/HUFs being partners in firms and not carrying out business
or profession under any proprietorship
ITR 4- For individuals and HUFs having income from a proprietory business or profession
ITR 5- Including Fringe Benefit Tax Return For firms, AOPs and BOIs
ITR 6- For Companies other than companies claiming exemption under section 11
ITR 7- For persons including companies required to furnish return under section
139(4A) or section 139(4B) or section 139(4C) or section 139(4D)
ITR 8- Return for Fringe Benefits
ITR E – FILING
Steps for e filing
Step 1
Plz open your PC internet explorer / Mozilla and put a web address in it “ incometaxindiaefiling.gov.in”.
Step 2
First you have to registered yourself by clicking new user open.
Step 3
Then a small form appear in your PC screen filled it and create your userid & password .
Step 4
You have one valid email id along with such userid and password.
Step 5
Now plz open your account by putting your user id and password
Step 6
Select Applicable form and download it in your PC
Step 7
Filled a form very carefully step by step and at last click Generate option after that your XML Format ITR are ready for browsing.
Step 8
Now open your website incometaxindiaefiling.gov.in open your account.
Step 9
Select assessment year for your ITR filing & after that browse in it .
Step 10
Now a ITR-V acknowledgement are appear in your screen also such form are also automatically comes in your email account.
Step 11
Take a print out in 2 copies .Take one copy with yourself and other copy you have to sent in a Banglore at CPC address within 30 days after efiling date of ITR .by means of A4 size envelope with ordinary post and not by speed post courier or other means are fully restricted.
The ITR-V form is required to be sent to Post Bag No.1, Electronic City Post Office, Bengaluru, Karnataka-560100, by ordinary post.
Step 12
If you have a digital signature of your client then we have not to follows such CPC procedures
FROM
UMASHANKAR VAISHNAV
CA FINAL GWALIOR
MAY 2010
CAclubindia
