FILING OF RETURNS

Filing of Returns

In order to claim the refund of income tax, it is necessary that our return statement be filed annually on or before 31^st July in succeeding financial year. (i.e. relevant assessment year)

The relevant Income Tax Return (ITR) form applicable for assesses with different heads of income is as follows:

No	For Þ	Individual	Individual, HUF
	Sources/Details of Income ß	ITR-1 (SAHAJ)	ITR-2	ITR-3	ITR-4	ITR-4S (SUGAM)
1	Income from Salary/Pension	•	•	•	•
2	Income from Other Sources (only Interest Income or Family Pension)	•	•	•	•
3	Income/Loss from Other Sources		•	•	•
4	Income/Loss from House Property		•	•	•
5	Capital Gains/Loss on sale of investments/property		•	•	•
6	Partner in a Partnership Firm			•	•
7	Income from Proprietary Business/Profession				•
8	Income from Presumptive Business					•
9	Details of Foreign Assets		•	•	•

An overview of Total Income Statement

Name						PAN No:
Address						DOB
Total income for Assessment Year Ended 2013-2014
(Previous year Ended 2012-2013)
Particulars				Amount ( INR)
Income From Salaries
Basic			XX
DA			XX
Bonus			XX
Allowances			XX
Perquisites			XX
Sub total			XX
Less: Exemptions
Sec 10(5) LTA			X
Sec 10(10) Gratuity			X
Sec 10(10AA) Leave Encashment			X
Sec 10(12) Provident Fund			X
Sec 10(13A) HRA			X
Transport Allowance			X
Proviso to section 17(2)			X
Income From Salaries				XX
Income From House Property
Gross Annual Value			X
Less: Municipal Taxes			X
Net Annual Value			X
Less Deductions u/s 24
30% statutory Deduction			X
Interest on Loans			X
Income From House Property				XX
Income from Business or Profession				XX
Income From Capital gains				XX
Income from Other sources				XX
Gross Total income				XXX
Less :  Deductions under Chapter VI A
	Sec 80C		X
	Sec 80CCC		X
	Sec 80CCD		X
Restricted to Rs 1,00,000			X
	Sec 80D		X
	Sec 80E		X
	Sec 80G		x
	Sec 80TTA		X	XX
Taxable Income				XXX
Tax Liability @ 30.9%				XX
Less: Advance Tax				X
TDS				X
Self assessment Tax				X
Tax payable/ Refund				XX