ITR Filling (Individual)

Chapter 1: Basics of IT Returns

Introduction

• Financial Year (FY) and Previous Year (PY)
• Income Tax Rates
• Income Tax Slab Rates for Individuals
• New Tax Regime
• Taxation under Old Regime
• The New Tax Regime (u/s 115BAC) – The Default System

Due Dates

• Due Date
• Belated Income Tax Return
• Revised Income Tax Return

ITR Forms

• Income Tax Return Filing (ITR)
• Certain Definitions
• 26AS
• Annual Information Statement (AIS)
• What is an ITR Form?
• Form-16

Registration

• Registration of Taxpayer on e-Filing Website
• Prerequisite for Individual Users
• Registration Process – Individual Users
• Step 1: Visit the e-Filing Portal
• Step 2: Enter Basic Details
• Step 3: Enter Contact Details
• Step 4: Enter OTP
• Step 5: Verify Details
• Step 6: Set Password

Tax Payment

• Self Assessment Tax
• Self Assessment Tax Payment Process
• Log into the e-Filing Portal (Pay Tax Online)

Case Study 1

Case Study 2

Case Study 3

Assignment 1

Assignment 2

Chapter 2: Income Tax Return Filing (ITR-1)

Introduction

• Form ITR 1
• Structure of the ITR-1 Form
• Inside the ITR-1 Form: A Quick Tour!

Filing of ITR 1

• Steps to File Income Tax Returns
• ITR-1 E-Filing: The FinC Lab Simulation!

Case Study 1

Case Study 2

Case Study 3

Case Study 4

Assignment 1

Assignment 2

Assignment 3

Chapter 3: Income Tax Return Filing (ITR-2)

Introduction

• ITR 2
• Structure of ITR-2

Filing of ITR 2

• Steps to File Income Tax Returns

Case Study 1

Case Study 2

Case Study 3

Assignment 1

Assignment 2