You can File Tax return accurately and quickly this year, every year tax filing is a tedious task for an Individual Tax payer, who has to run around to understand the basic tax filing concepts on how to file tax return in India.
Here we have listed some of the examples on how to file tax return online in India with some realistic scenarios, our users have been sending request and asking some relevant questions on how to file tax return. Below are some of the examples:
How to file tax return if we have two form 16
Salaried Tax payer is been asking us on How to file tax return if we have two form 16 or how to file tax return for two employers, here is the answer to this question.
Skills are always in demand and Salaried Tax payers do get multiple Job Opportunities, hence they change jobs from one location to another location or one organisation to another.
Salaried Tax payers some time get two form 16 from the companies due to
- Split in the Organisation structure resulting into 2 companies where the principal company remain the same
- Changed Jobs in One Financial Year
- TDS certificate from Bank FD’s in form of Form 16A
- Working as Freelancer resulting working with Multiple Companies
In the above scenario, Tax payer end up asking us on, how to file tax return for two employers.
Having two or more form 16 some time, create difficulty in calculating the Income, Deduction and Tax rebates. Also, some time users do not share Form 12B for furnishing TDS Details to new employer resulting in higher Tax pay out while filing returns.
You can efile return either yourself on our website www.efiler.in or We can help you in filing Tax return with two form 16 or more than two form 16 in a year, through our tax experts who are qualified to help you in filing tax return.
If you are still facing problem in filing tax return yourself and need assistance, you can either drop us an email at email@example.com or call us at 9555126126 for discussion.
How to file tax return if no income
Our Tax assessee asked us on How to file tax return if no income. To be Tax compliant, Housewife’s, or elderly file tax return with no income. Sometimes Individual tax payer without a job also requests us to file tax with no income. Let see the scenario when you can file taxes with no income or file Nil returns,
- When you are not getting any type of income Example Income from Salary, House, Business or Capital gains.
- Currently without Job
- Working as a Housewife or Elderly Citizen of India
- Currently a NRI as a Resident status for last financial year
You can file Tax return as “NIL” return for the said financial year, all the details remain as it is in ITR-1 form and income is left blank. Nil return is acceptable by Income Tax department.File tax return with two form 16
How to file tax return for individual
You can now file tax return for Individual status online with us using our website www.efiler.in or you can take our Tax assistance program for Tax filing.
Depending on your Tax status an Individual can file tax return by selecting appropriate Tax return form. For more detail on how and what form to be selected, click on the following link to read more.
An individual can file tax return on basis of his income type for example if the income is earned through Salary only you can file ITR-1, if you are freelancer, you might be filing ITR-4s
How to file tax return after deadline
You can now file tax return after deadline, many users come to us after 31st July completion of the Tax filing date to file tax return, there are multiple reasons an assessee missed deadline :
- Being Lazy
- Due to personal exigencies or
- Out of India
- Medical Reasons
- Do not remember ID and Password for Income Tax website
- Not able to reset password for Income Tax website
- Do not know how to file
Income Tax department has now started sending Notices to Individual who fails to meet the tax filing deadline. After receiving the Notice, Tax payers do come to us for tax filing. You can file tax return for last 2 years, the process is normal, Only things to keep in mind is to select the right ITR form and while filing the return enter the “Return filed under Section” as “After the due date – 139(4)”
If you are facing trouble while filing previous year tax return after deadline, we can help you in filing tax return for past 2 years with our Tax assistance service.
How to file tax return for sole proprietorship
Filing a tax return for a sole proprietorship is easy, Income from Sole proprietorship will not be taxed as a seperate tax entity, but it will be, when the Sole proprietor company owner’s will file taxes on their personal tax returns. Sole proprietor will be taxed as an individual tax payer on net taxable income after related business expenses, Income tax deductions and rest other incomes.
If you are still facing problem in filing tax return yourself and need assistance, you can either drop us an email at firstname.lastname@example.org or call us at +91 - 9555126126 for discussion.