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FAQs
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How do I fill out 2016 ITR form?
First of all you must know about all of your sources of income. In Indian Income Tax Act there are multiple forms for different types of sources of Income. If you have only salary & other source of income you can fill ITR-1 by registering your PAN on e-Filing Home Page, Income Tax Department, Government of India after registration you have to login & select option fill ITR online in this case you have to select ITR-1 for salary, house property & other source income.if you have income from business & profession and not maintaining books & also not mandatory to prepare books & total turnover in business less than 1 Crores & want to show profit more than 8% & if you are a professional and not required to make books want to show profit more than 50% of receipts than you can use online quick e-filling form ITR-4S i.s. for presumptive business income.for other source of income there are several forms according to source of income download Excel utility or JAVA utility form e-Filing Home Page, Income Tax Department, Government of India fill & upload after login to your account.Prerequisite before E-filling.Last year return copy (if available)Bank Account number with IFSC Code.Form 16/16A (if Available)Saving Details / Deduction Slips LIC,PPF, etc.Interest Statement from Banks or OthersProfit & Loss Account, Balance Sheet, Tax Audit Report only if filling ITR-4, ITR-5, ITR-6, ITR-7.hope this will help you in case any query please let me know. -
What is the best way to fill out an 83(b) form?
Read Understanding an 83(b) Election to learn how to complete an 83(b) election, but from the way you phrased the question, I am not sure you understand what exactly an 83(b) election accomplishes.If a third party invests in your business, that is not necessarily a taxable transaction to you, unless you are personally selling the shares yourself rather than issuing new shares. If you are selling shares, an 83(b) election would not apply.If you are receiving "founder's shares" in the business and those shares are subject to some type of restrictions on your ability to sell them, then 83(b) very well may be appropriate, but it does not mean you will avoid the taxes. In fact you will actually accelerate your recognition of ordinary income for the current value of the shares you receive and owe tax on that income. With an 83(b) election, you pay the tax now to avoid paying more tax in the future (assuming the value of the stock increases) when the stock vests or the restrictions expire. After making an 83(b) election you pay capital gains tax on future increases in value rather than ordinary income tax and you only pay the capital gains tax when you sell the shares that were subject to the election.There are pros and cons to an 83(b) election and I would strongly suggest that you seek advice from tax professional before you decide how to proceed. -
What is the procedure to fill out the DU admission form? How many colleges and courses can I fill in?
It's as simple as filling any school admission form but you need to be quite careful while filling for courses ,don't mind you are from which stream in class 12 choose all the courses you feel like choosing,there is no limitations in choosing course and yes you must fill all the courses related to your stream ,additionally there is no choice for filling of college names in the application form . -
What is the date to fill NDA form for 2016-2017? And what's is the procedure for online filling form of NDA?
There will be two exams. The first in Aug/September of any year for which notification comes out in May/June. The second exam is held in April/May for which notification comes out in Jan.The August attempt is for when you are in the middle of class 12th. The April/May attempt is for after you have given your board exams.Go to UPSC website to fill the form once the notification is out.Do match the information with your 10th class mark sheet. Be honest and fill everything correctly. Note down your registration ID and transaction ID if you pay online. Keep checking the website for a few days up till the exams. Sometimes there is payment error. You might have to pay again correctly. Incorrect payment will reflect back in your account.Upload clear images of your signature and photographs and other documents.Good luck!
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