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Applicability of ITR Form

S. NO. ITR FORM APPLICABLE FOR THE CATEGORY 1. ITR 1 For Individuals being a Resident (other than Not Ordinarily Resident) having Total Income upto Rs.50 lakhs, having Income from Salaries, One House Property, Other Sources (Interest etc.), and Agricultural Income upto Rs.5,000/- (Not for an Individual who is either Director in a company or…

What is TDS and TCS?

TDS The concept of TDS was introduced with an aim to collect tax from the very source of income. As per this concept, a person (deductor) who is liable to make payment of specified nature to any other person (deductee) shall deduct tax at source and remit the same into the account of the Central…

How to Apply for TAN?

What are the Documents Required for obtaining TAN? The address of applicant should be an Indian address only. Proof of TAN (existing TAN . i.e. the one currently in use) Proof of TAN(s) to be surrendered/cancelled, if any. Applicant may submit the TAN allotment letter received from ITD as proof of TAN. In case the…

How to search for Forgotten TAN?

What to do if you do not remember your TAN? An applicant can know the TAN details either by providing the name. If you have forgotten TAN, it can be retrieved by following the steps mentioned below: Visit www.incometaxindiaefiling.gov.in Click on ‘Know Your TAN’ Select ‘Name’ under the ‘TAN Search’ option Select ‘Category of Deductor’ Select ‘State’ Provide…