Useful Tips For Taxpayers
How to Find Value of Principal and Interest paid on Housing Loan
Asessee can claim deduction of principal repayment from gross total income under section 80C and also interest paid on housing loan can be claim as house property loss. EMI paid during the year are inclusive of principal and interest component. Also ...
How to select the Type of Return Filing
Original Return: When you are filing your return for the first time for financial year it is called original return (Fresh Return). Revised Return: If any modification is required in original return then a filer has to file revised return. If you are ...
How to Enter Bank Details on Taxbuddy
Bank Details
How to change the Password on Income Tax Website - If the password is forgotten.
Password can be reset by following 4 options: Answer Secret Question Upload DSC Using OTP Using Aadhaar OTP Step 1: Visit the income tax website www.incometaxindiaefing.gov.in On the homepage, click on ‘Reset’ button on the right hand side of the ...
How to Change Address/ Contact Details on Income Tax Website
Step 1: Visit the income tax website www.incometaxindiaefing.gov.in and Login with your credentials. Step 2: After logging in to the site, go to blue tab on the top bar named ‘Profile Settings’ and click on ‘My Profile Tab’. Step 3 - Edit the ...
How to Download ITR-V from Income Tax Department Website
On successfully filing of return, Income tax department sends the ITR-V to the registered Email ID. If you wish to download the ITR-V manually from Income Tax website you should follow the steps given below. Step 1: Visit the income tax website ...
How to Link Aadhaar Number to PAN
A) Linking Aadhar Number to PAN through SMS Now you can link your Aadhaar and PAN through SMS also. The Income Tax Department has urged taxpayers to link their Aadhaar with their PAN, using an SMS-based facility. It can be done by sending an SMS to ...
How to Read Form 16
Form 16: It is a TDS Certificate certifying the amount of TDS deducted, Nature of Payments and the TDS payment deposited with the Income Tax Department. Form 16A is issued for TDS deducted on Salary. For TDS details refer Part A of the Form 16.
How to Read Form 16A for Entering TDS Details
Form 16A: It is a TDS Certificate certifying the amount of TDS deducted, Nature of Payments and the TDS payment deposited with the Income Tax Department. Form 16A is issued for TDS deducted other than Salary.
How to Read Tax Paid Challan (280)
How to Pay Self Assessment Tax online
Steps to Pay Self Assessment Tax Online Step 1: Visit the NSDL website: https://onlineservices.tin.egov-nsdl.com/etaxnew/tdsnontds.jsp Step 2: For Self Assessment Tax payment, click on proceed button of Challan No: 280 as highlighted in red Step 3: ...
How to send ITR-V to CPC Bangalore
What is ITR-V? ITR-V is single page Acknowledgement that is received on your registered email Id when return is filed online. Alternatively you can also download a copy of ITR V by login to income tax e-filing website ...
How to Register on Income Tax Website
Prerequisite to Register on Income Tax Website Prior to registering on the Income Tax Portal, one must ensure they have following details: PAN Number Mobile Number Current Address Email Address Steps to Register on Income Tax Website Step 1: ...
How to download Form 26AS
Form 26 AS can be obtained through TWO options: a) By Logging in to Income Tax Website b) By Logging in to Net Banking Option A: Download 26 AS by Login to Income Tax Website How to Download Form 26 AS | By Login to Income Tax Website Step 1: Visit ...