Tax Guides
Which ITR form applies to you, and what happens if you pick the wrong one
Seven forms, and the choice is made for you by the kind of income you have. Picking wrong does not…
What is covered
Choosing an ITR form, comparing the regimes, claiming HRA correctly, capital gains on shares and property, responding to an intimation, and the due dates for advance tax and the return.
Advance tax, briefly #
Where the tax payable for the year, after credit for tax deducted at source, crosses the prescribed threshold, it is paid in instalments during the year. Missing the instalments attracts interest under sections 234B and 234C even if the return is filed on time.
What you will need
- Last year's return and computation
- Form 26AS and the Annual Information Statement
- An estimate of this year's income
Latest on Tax Guides
Tax Guides
Latest articles
Tax Guides
Which ITR form applies to you, and what happens if you pick the wrong one
Seven forms, and the choice is made for you by the kind of income you have. Picking wrong does not…