ITR Series – FinanceViewers

ITR Series: Day 14:ITR-7 – The Return for Charitable Trusts, Institutions & Political Entities

TaxationJune 24, 202511Views 0Likes 0Comments

Table of Contents Overview Who Can File ITR-7? Who Cannot Use ITR-7? Key Structure Important Considerations Why ITR-7 is Uniquely Detailed? Final Word Unlike other ITR forms that focus on individual or business income, ITR-7 is a return with a purpose. It’s specially designed for charitable and religious trusts, political parties, research institutions, and educational/medical entities…

ITR Series: Day 12: ITR-5 – A Comprehensive Return for Firms, LLPs, and Associations

TaxationJune 22, 20257Views 0Likes 0Comments

Table of Contents Overview Who Can File ITR-5? Who Cannot File ITR-5? Key Structure Key Points Why ITR-5 is Considered Complex? Bonus: Know the Entities Behind ITR-5 Final Word If your income tax identity isn’t that of an individual or HUF—but rather a Firm, LLP, Association of Persons (AOP), Body of Individuals (BOI), or Artificial Juridical…

ITR Series: Day 11: ITR-4 (SUGAM) – The Simplified Return for Presumptive Income

TaxationJune 21, 202510Views 0Likes 0Comments

Table of Contents Overview Who Can File ITR-4? What’s New This Year? Who Cannot Use ITR-4? Key Structure of ITR-4 The Presumptive Taxation Advantage Important Considerations Why Choose ITR-4? Final Thoughts Not every taxpayer is running a corporate empire. Some are solopreneurs, shopkeepers, professionals, freelancers, or transporters — running small yet thriving businesses with humble turnovers…

ITR Series: Day 10: ITR-3 – The Power Form for Professionals & Business Owners

TaxationJune 19, 202510Views 0Likes 0Comments

Table of Contents Overview Who Can File ITR-3? Who Cannot Use ITR-3? Key Structure Important Considerations Why ITR-3 is considered one of the Longest Forms? Final Word Overview When your income doesn't come with a payslip but with invoices, consultations, trading charts, or balance sheets, ITR-3 is your financial report card. Among all the income tax…

ITR Series: Day 9: ITR-2 – Handling Capital Gains, Rental Income & More Like a Pro!

TaxationJune 17, 20258Views 0Likes 0Comments

Table of Contents Overview Who Can File ITR-2? Who Cannot File ITR-2? ITR-1 v. ITR-2 – Quick Contrast Structure of ITR-2 How to File ITR-2? Key Points Final Thoughts Overview As we move forward in the ITR filing season, it becomes essential to understand which form applies to more complex income structures. If you're someone with…

ITR Series: Day 8: ITR-1 Sahaj – The Easiest Route to Filing Your Income Tax Return

TaxationJune 16, 20259Views 0Likes 0Comments

Table of Contents Overview What is ITR-1 (Sahaj)? Who Can File ITR-1? Update for AY 2025-26 Who Cannot Use ITR-1? Structure of ITR-1 Form How To File ITR-1? Important Considerations Final Thoughts Overview As the ITR season gains momentum, choosing the right form is more than just a formality—it’s your first step toward a smooth, error-free…

ITR Series: Day 7: Myths You Must Unlearn Before Filing Income Tax Return

TaxationJune 15, 202510Views 0Likes 0Comments

Table of Contents Overview Myth 1: ITR Filing Is Required Only If You Have Tax Payable Myth 2: Salaried Individuals Don’t Need to File ITR as TDS Is Already Deducted Myth 3: If You Miss the Deadline, You Can File Anytime Without Issues Myth 4: Students and Freelancers Are Exempt from ITR Filing Myth 5: Filing…

ITR Series Day 6: PAN And AADHAAR – What’s Mandatory and What’s Not

TaxationJune 13, 202510Views 0Likes 0Comments

Table of Contents Overview Understanding PAN and Aadhaar Key Deadlines and Mandates Consequences of Non-compliance How to link PAN with Aadhaar Special considerations for NRIs. Final Thoughts Overview Ever tried opening a bank account or filing your ITR without linking PAN and Aadhaar? It’s like trying to start a car without the key! 🔐 As…

ITR Series:Day 5: Document Checklist for a Hassle-Free ITR Filing.

TaxationJune 12, 202510Views 0Likes 0Comments

Table of Contents Overview General Documents (For All Taxpayers) For Salaried Individuals For Self- Employed/ Business Owners For Rental Income For Capital Gains For Income From Other Sources For Deductions and Exemptions Quick Tips Summary Checklist Wrapping Up Overview Filing your Income Tax Return (ITR) can feel like a breeze, but only if you’ve got your…

ITR Series:Day 4: Know Your Deadlines – All About ITR Filing Due Dates.

TaxationJune 11, 202510Views 0Likes 0Comments

Table of Contents Overview ITR Filing Due Dates for FY 2024-25 (AY 2025-26) Who Needs to File By Which Date? Consequences of Late Filing Benefits of Timely Filing What You Should Do Now? Overview Filing your Income Tax Return (ITR) on time isn’t just about ticking a legal box — it’s a smart financial habit that…

ITR Series: Day 3: Types of ITR Forms- Which one is right for you?

TaxationJune 10, 202511Views 0Likes 0Comments

Table of Contents Overview What’s New for FY 2024-25? ITR Form Snapshot: Who should file what? Breakdown of each ITR FormITR-1 (Sahaj) – “Simple & Straightforward” ITR-2 – “For the Investor & Global Earner” ITR-3 – “The Business Mind” ITR-4 (Sugam)– “Presumptive & Proud” ITR-5 – “The Entity Return” ITR-6 – “Corporate Compliant” ITR-7 – “For…

ITR Series: Day 2: Do You Really Need to File ITR? Let’s Decode It.

TaxationJune 8, 202511Views 0Likes 0Comments

Table of Contents Overview Who must file an ITR in India? Who should file an ITR , even if its not mandatory? Quick Eligibility Checklist What is FY and AY ? Wrap Up …

Tag: ITR Series