Income Tax department has relased two new utilities for E filing ITR-4S in excel and ITR-7 utility in Java Version for assessment year 20...
Income Tax department has relased two new utilities for E filing ITR-4S in excel and ITR-7 utility in Java Version for assessment year 2014-15. Due date to file Income tax return for non audit cases is 31.07.2014 for assessment year 2014-15.
Earlier Income Tax department has issued a notification 24/2014 on 01.04.2014 and released New income tax return form ITR-1(Sahaj),ITR-2,ITR-4S(Sugum) and ITR-V for assessment year 2014-15.
Further rule 12 has also been amended and now E filing is of audit report under Sections 10AA, 44DA, 50B and 115VW is also mandatory.
Who can use ITR-4S form
Individual / HUF
deriving business income and such income is computed in accordance with special provisions referred to in section 44AD and section 44AE of the Act for computation of business income
Following person can not file ITR-4S
Who can use ITR-7 form
person including a company whether or not registered under section 25 of the Companies Act, 1956
required to file a return under sub-section (4A) or sub-section (4B) or sub-section (4C) or sub-section (4D) of section 139
Downlaod ITR-4S and ITR-7
FORM SUGAM (ITR-4S) ITR-4S Java based Utility ITR-4s Excel based ITR return form
ITR-7 ITR-7 Java based Utility ITR-7 Excel based (Not released yet)
For All return form for assessment year 2014-15 Visit link
WhicH form you should use to file Income Tax return for Ay 2014-15