Income Tax Statement Form For The Financial Year 2018 19

Keeping the timing in check the central board of direct tax has notified the income tax return itr forms for individuals as well as companies for the financial year 2018 19 assessment year.
Income tax statement form for the financial year 2018 19. Download itr 2 form for assessment year 2018 19. The requirement of furnishing details of cash deposit made during a specified period as provided in itr form for the assessment year 2017 18 has been done away with from assessment year 2018 19. Itr 1 is for the resident taxpayer who is individual and having income from salary income from one house property or other sources income eg. Exempt from the new rule.
10 lakhs will attract a 10 ltcg tax in the fy 2018 19. Interest income and his total income is upto rs 50 lakh. However as a relief for investors all gains that were made before january 31 st 2018 are grandfathered i e. Ay 2018 19 income tax return filing new itr forms.
Annuity plans under section 80ccc contributions made towards annuity plans available with any of the life insurance companies for receiving the pension from the fund can be considered for tax benefit. Below are the important details about new itr forms. Rates of income tax for financial year 2018 19 or assessment year 2019 20. This 10 tax is applicable on the sale of equities after one year of their purchase.
You can use this form if you have income source from proprietary business profession or having income as a partner in a partnership firm. The income tax department never asks for your pin numbers passwords or similar access information for credit cards banks or other financial accounts through e mail. Capital gains on equities exceeding rs. The income tax department appeals to taxpayers not to respond to such e mails and not to share information relating to their credit card bank and other financial accounts.
With the start of the new financial year the income tax return filing season has begun and keeping this in view cbdt has notified the new. This itr3 can be used by individuals and hufs. Please note that the total deductions under sections 80c 80ccd 1 and 80ccc put together cannot exceed rs 1 5 lakhs for the financial year 2018 19. Income tax return itr filing forms for fy 2018 19.
There are 7 types of forms for filing income tax return for the financial year 2017 18 and ay 2018 19.