I-T department rolls out new annual information statement - How AIS will be helpful in tax filing - AIS can be accessed by clicking on the link 'Annual Information Statement (AIS)' under the 'Services' tab on the new Income tax e-filing portal.
Part E of Form 26AS will have relevant info
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Is there a single document that summarizes all my investments and tax outflow, if any? If I continue my current investments, will I have to pay additional tax in FY22 with regard to the long-term capital gains limit of ₹1 lakh or is it applicable only if I sell anything and when I sell it? I don’t intend to sell or stop my current SIPs (systematic investment plans). What will the tax implications be in the short term and long term, i.e., when I actually need money and have to sell or I cannot continue my SIP due to other factors?
How important the salary certificate is for filing I-T return
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I superannuated in May 2018 from BEML, a Bengaluru-based PSU on attaining the age of 60. I retired on pre-revised wages, though the wage was due for revision from January 2017. The wage revision was settled in during March 2019 and the arrears were paid for eligible retirees in November 2019. The payment does not figure in my Form 26AS. I need to file my returns for the AY 2020-21, but in the absence of Form 10E for claiming rebate on arrears, I am unable to proceed with filing returns. I have been following up with the company for the relevant form but have not made much progress. Can you please advise me on how to go about filing my returns? Is it possible to claim rebate in the absence of the statement and relevant form?
Updated Jan 08, 2021 | 06:55 IST
The government typically gives four months window period to taxpayers wherein they can compile all the documents required to file the return without an error. ITR filing last date fast approaching, here s a list of essential documents to finalise tax return | Photo Credit: Getty Images
New Delhi: Income tax return filing last date, January 10, is fast approaching. Filing an income tax return (ITR) is one of the most important financial tasks for assessees. For taxpayers, especially for first-time filers, the process can be confusing as it involves a lot of documents related to a taxpayer s finances.