Online CA Services In India

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• https//www.ovakil.com
• Online CA Services
• We provide GST registration, business
  registration and other legal services of business

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Complete Guide To Online Income Tax Return Filing
For Fy 2017-18

• This year deadline for income tax return filing
  for FY 2017-18 or AY 2018-19. The last day for
  filing ITR is July 31, 2018, and you should not
  miss the chance at any cost. Filing returns on
  time is proof of financial prudence.
• If you are filing ITR for AY 2018-19 for the
  first time then its better to go with the quick
  guidelines, here is a quick guide on what you
  need to know as a salaried employee.

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The Amendments

• Many employees believe that they are the most
  burdened lot, which is clearly a mental trap. The
  amendments have been introduced to make
  the online income tax return filing more
  transparent for assesse.
• Some of the notable changes introduced under the
  Finance Act, 2018, include reintroduction of
  standard deduction, elimination of allowances
  (medical and HRA), long-term capital gains (LTCG)
  tax on equity, and increased income tax cess.

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• The simplified e-version of the efiling income
  tax form is not only faster to file but also
  helps the tax department to keep a strict vigil
  on those who under report or over report their
  incomes and expenditures to evade the tax net.

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Here's A Handy List Of Documents Required For
Efling Income Tax

• 1) Permanent Account Number or PAN card
• 2) Adhaar card
• 3) All bank statements with bank account details
• 4) Form 16 issued by your employer or any other
  TDS information
• 5) Copy of your last year's ITR
• 6) Proof of investments for deductions under
  Section 80 C

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• Section 80 C allows the taxpayer to save up to Rs
  1.5 lakh in the financial year. It is certainly
  one of the major parts of tax planning and saving
  income tax.
• You can claim following investments under section
  80 C
• 1) Premium paid for Life insurance
• 2) ELSS or Mutual Fund investments
• 3) Contributions towards Provident Fund
• 4) Premiums paid for retirement
• 5) Tuition fees for children
• 6) Principal for home loan
• 7) National Savings Certificate bonds
• 8) Bank FD or similar deposits
• 9) Amount paid to National Pension System or
  other similar account

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Other Investments

• 1) Excess house rent paid over the HRA. (Only
  when the assesse doesn't own a house)
• 2) Deduction for higher education loans
• 3) Medical insurance premiums for self, family,
  or parents
• 4) Saving account Interest up to Rs 10,000
• 5) Interest paid on home loan
• 6) Donation to Prime Minister's Relief Fund
• 7) Income from patents and royalties
• This is an indicative list of documents that
  will help you claim deductions and save tax. You
  would need to get the original copies scanned to
  file the IT return online.

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• Thank You
• Visit here https//www.ovakil.com/