या लोकांना भरावा लागेल ITR :

१. जर एखाद्या व्यक्तीचे उत्पन्न विहित मर्यादेनुसार असेल परंतु एक किंवा अधिक चालू खात्यांमध्ये एक कोटी रुपयांपेक्षा जास्त रक्कम किंवा एकूण रक्कम जमा केली असेल तर ती आयटीआरच्या कक्षेत ठेवली जाईल.

२. प्रत्येक कंपनी आणि फर्मला तोटा असो वा नफा असो, त्यांना ITR भरावा लागतो.

३. जर एखाद्या व्यक्तीने परदेशात २ लाखांपेक्षा जास्त खर्च केला तर त्याला देखील ITR च्या कक्षेत ठेवले जाईल.

४. जर एखाद्या व्यक्तीने वीज वापरावर १ लाख रुपयांपेक्षा जास्त खर्च केला तर त्याला देखील ITR भरणे बंधनकारक आहे.

प्रत्येक आर्थिक वर्षात १ एप्रिल ते ३१ मार्च या कालावधीत आयटीआर दाखल केला जातो. खाली जाणून घ्या तुम्ही ITR का भरावा?

१. दंड टाळण्यासाठी

जर तुम्ही ITR भरला नाही तर तुम्हाला ५,००० रुपये दंड होऊ शकतो. यासह, आयकर कायदा १९६१ नुसार, आयटीआर दाखल करण्यास विलंब झाल्यास व्याज लागू केले जाऊ शकते.

२. कायदेशीर कारवाई

जर तुम्हाला आयटीआर भरण्यास उशीर झाला, तर तुम्हाला आयटी विभागाकडून नोटीस पाठवली जाईल आणि तुम्ही कायदेशीर अडचणीतही येऊ शकता. नोटिशीला दिलेले उत्तर समाधानकारक नसल्याचे आयकर विभागाच्या निदर्शनास आल्यास, तुमच्यावर कायदेशीर कारवाईही केली जाऊ शकते.

3. कर्ज मंजुरी जर तुम्ही नेहमी वेळेवर ITR भरला असेल तर तुम्हाला कर्ज सहज मिळू शकते.

4. व्हिसा अनेकदा, जेव्हा तुम्ही व्हिसासाठी अर्ज करता तेव्हा दूतावासाकडून तुम्हाला आयटीआरची हिस्ट्री सबमिट करण्यास सांगितले जाते. जर तुम्ही वेळेवर ITR भरला असेल तर तुम्हाला व्हिसा मिळण्यात कोणतीही अडचण येणार नाही.

What is Income Tax Return?

Income Tax Return (ITR) is a form that an individual submits to the Income Tax Department of India to file information about his income and taxes payable during that year. Information filed in an ITR should be applicable for a particular financial year between 1st April to 31st March of the next year.

The income you earn can be from sources such as salary, profit in business, sale of house or property, dividend or capital gains, and interest received among others. If you have paid tax in excess during a year, you will get a refund by the Income Tax Department.

Is Filing ITR Compulsory?

Income Tax rules dictate that if you earn more than the limit that is exempted from being taxed by the Government, you are mandatorily required to file your tax return according to the tax slabs for each year. Filing your ITR post the due date may attract a penalty and also become a deterrent in getting a loan or visa approved in the future.

Who is Required to File ITR?

Now that you know what an income tax return is, let us take a look at the list of people as well as enterprises that are mandated by law to file income tax return every financial year.

1. Any individual who is less than 59 years and has an annual income of more than Rs. 2.5 Lakhs should file an IT. The exemption limit for senior citizens between 60 to 70 years of age is Rs. 3 Lakhs. For super senior citizens (80 years and above), the limit is Rs. 5 Lakhs. Income calculation should be done without allowing deductions specified under Section 10 of the Income Tax Act.
2. A registered company with yearly income, even if it has not made any profit during the period
3. An individual who wants to claim a refundon surplus income tax or tax that was deducted from the annual income.
4. An individual having an asset or any other financial interest outside of the country.
5. A company out of India with treaty benefits on transactions made within the country.
6. NRIs who earn above the basic yearly exemption limit of Rs 2.5lakh.

Which ITR to File?

There are seven different types of ITR forms for different categories of individuals and source of income. The Income Tax Department has different forms for each taxpayer depending on the category of income generation:

ITR – 1:This form is applicable only for resident individuals (not applicable to NRIs/HUF/any other entity) having total income up to Rs 50 lacs and who has income under the following heads:

a) Income from Salary/Pension; or
b) Income from One house property
c) Income from Other Sources

ITR – 2:ITR-2 form applies to all individual / HUF who are not eligible to file ITR- 1 and who are having income from any source other than income from Business or Profession.

ITR – 3:This form is applicable for individuals and HUF who have income from profits and gains from business or profession.

ITR – 4:This form applies to all resident individual / HUF / Firms (other than LLP) having total income up to Rs 50 lacs & having income under the following heads:

a) Income from business or profession computed on presumptive basis under section 44AD or 44AE or 44ADA
b) Income from Salary/Pension
c) Income from One House Property
d) Income from other sources

ITR – 5:ITR-5 form applies to persons other than Individuals, HUF, Companies & persons filing form ITR 7. Ideally, this form covers all partnership firms, LLP, AOP, BOI, Artificial Judicial Person, Co-Operative Societies, and Local Authorities. The form is also used by investment funds, business trusts, and estates of the deceased and insolvents.

ITR – 6:This form applies to all Companies other than companies claiming exemption under section 11. Section 11 pertains to charitable trusts / religious trusts for which ITR 7 is applicable.

ITR – 7:This form applies to persons including companies required to furnish return u/s 139(4A), 139(4B), 139(4C) or 139(4D) or 139(4E) or 139(4F). This includes religious & charitable trusts, political parties, scientific research associations, universities & colleges.