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HRA Exemption – How to claim HRA during filing ITR

Most salaried individuals get confused when it comes to claiming exemption on one’s House Rent Allowance (HRA) while filing tax returns. It is now easier to claim HRA exemption- you just need to copy details from Form-16 and paste them in ITR-1. It is important to know that you can claim for HRA exemption benefit only when you are living in a rented house. If you lives in your own house then you cannot avail tax exemption benefit on HRA. Read More

Income Tax Department Will Provide Pre-Filled ITR Forms

During the International Tax Conference, a latest information received from Mr. Sushil Chandra that Income Tax Department will provide Pre-Filled ITR Forms to his income tax payers. Mr. Sushil Chandra is a Chairman of the Central Board of Direct Taxes (CBDT). As per this information, it will make income tax returns much easier than earlier. This article helps all those users who is facing the issue during filling the income tax return. Read More

Can I file ITR return Without ITR Form 16 ?

Only two weeks are left to filling ITR for the FY 2015-16 and AY 2016-17. If your tax is deducted on different source of income you have to give information in the tax return. Lot of person does not submit his ITR due to not received his Form 16. But there is no need to worry you can easily file ITR return Without ITR form 16. Read More