Get the free New ITR (Income Tax Return) Forms for AY 20-21

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CHANGES IN IT FORMS FOR A.Y. 202021 1 Presented by: CA. Sanjay K. Agarwal Assisted by: CA. Rishabh Agarwal Email: agarwal.s.ca@gmail.comWHICH IT FORMS CAN BE USED FOR FILING OF RETURNS? 2Salary Income

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How to fill out new itr income tax

01

Gather all the necessary documents such as PAN card, bank statements, salary slips, TDS certificates, etc.

02

Login to the official Income Tax e-filing website or use any other preferred method to access the ITR form.

03

Select the appropriate ITR form based on your income sources and fill in the required details accurately.

04

Enter your income details, deductions, and any other relevant information as specified in the form.

05

Verify all the details filled in the form and ensure accuracy before submitting it online.

06

After submission, download the ITR-V acknowledgment receipt and send it to the Centralized Processing Center (CPC) within the specified timeframe.

07

Keep a copy of the filed ITR form and acknowledgment receipt for your records.

Who needs new itr income tax?

01

Individuals who have taxable income exceeding the exemption limit set by the government.

02

Businesses and professionals with income sources that require them to file income tax returns.

03

Anyone who wants to claim refunds, carry forward losses, or comply with tax regulations set by the Income Tax Department.

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What is new itr income tax?

New itr income tax refers to the latest version of the income tax return form that taxpayers need to fill out and submit to the tax authorities.

Who is required to file new itr income tax?

Individuals and entities who meet the criteria set by the tax authorities are required to file the new itr income tax.

How to fill out new itr income tax?

Taxpayers can fill out the new itr income tax form online or manually, providing accurate information about their income, deductions, and other financial details.

What is the purpose of new itr income tax?

The purpose of new itr income tax is to assess and collect the income tax liability of individuals and entities in a transparent and efficient manner.

What information must be reported on new itr income tax?

Taxpayers must report their income, deductions, tax credits, and other financial details as required by the tax authorities on the new itr income tax form.

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