Thursday, July 21, 2011

Income Tax Forms

Income Tax Forms
The Income Tax Department is gearing up to receive returns from tax payers, salaried and from business (non-audit cases). The last date for filing return is July 31. Addressing mediapersons on Wednesday, chief commissioner of Income Tax, Chennai 1, Prema Malini Vasan said returns for salaried tax payers would be accepted at special counters at Aayakar Bhavan, Nungambakkam from July 28 to 31 from 9.45am to 5.30pm.

There will be an exclusive counter for senior citizens and the physically challenged. About 40 special counters will be operated for salaried assesses while 15 counters will function as 'help desks' and for PAN verification. Vasan said that for businesses whose turnover is less than .`60 lakh and professional income less than Rs 15 lakh, the returns are to be filed at the jurisdictional business wards. The salaried assesses of Tambaram and Kancheepuram can file their returns at Aayakar Bhavan apart from the Tambaram and Kancheepuram offices.

I-T return forms can also be downloaded from www.incometaxindia. The ITR 1 (SAHAJ) for salaried individuals should be downloaded and printed in colour. Assesses should mention their PAN, address, bank account number and MICR Code correctly in the form. The tax deduction account number (TAN) of the employer should also be filled, she added. IT-V (acknowledgement for e-filed returns) should be mailed to Income Tax Depaartment CPC, Post Box No 1, Electronic City Post office, Bangalore - 560100.