How do I file my ITR for employee?
Steps to File ITR-1
- Go to the menu section and select E-File > Income Tax Returns > File Income Tax Returns.
- Select the applicable Assessment Year, i.e., AY 2021-2022 for filing tax returns for the FY 2020-201 and mode of filing, i.e., Online, and then click on continue.
- Select your ITR form type, i.e. ITR-1.
How can I file TCS employee Quora tax return?
you have to visit the income tax returns official website, keep your form 16 handy ( you can download it from your employer portal) login into the income tax department website, open your form 26 compare 16 and 26 forms.
Can TCS be claimed as refund?
Yes, TCS can be claimed as refund in bank account.
How can I get TCS refund?
Steps to file ‘TDS and TCS credit received’ on GST portal
- Step 1: Login toGST portal.
- Step 2: Go to ‘Services’ > ‘Returns’ > ‘Returns Dashboard’
- Step 3: Select the return period of GSTR-3B being filed and proceed to ‘TDS/TCS credit received’ tile.
Does Infosys deduct income tax?
The Board of Directors of Infosys Limited (the Company) in their meeting held on April 14, 2021 have recommended a final dividend of Rs. From Finance Act 2020, dividend is taxable in the hands of the shareholders and the Company is required to deduct taxes at source (TDS) at the rates applicable.
What is TCS and how to claim it on your taxes?
This TCS can be claimed as a credit by the buyer at the time of payment of taxes computed as per the income tax act of the buyer. The Credit so claimed by the buyer is also required to be disclosed in the income tax return.
How many ITRs were filed by Infosys till 21st June 2021?
Infosys recently claimed that 1 lakh ITRs were filed till 21st June 2021 on New Income Tax E-filing Portal. Against this claim of Infosys, a professionals filed RTI application seeking number of ITRs filed on new Income Tax E-filing Portal from 7th June 2021 to 21st June 2021.
How to check whether seller has filed his TCS return?
Buyer of goods can check whether the seller has filed his TCS return by checking 26AS. This TCS paid by the buyer of good is tax which can be adjusted against his tax payable, however if he does not have any taxable income he can claim refund.
How many ITRs were filed on new income tax e-filing portal?
No need for this new portal. Infosys recently claimed that 1 lakh ITRs were filed till 21st June 2021 on New Income Tax E-filing Portal. Against this claim of Infosys, a professionals filed RTI application seeking number of ITRs filed on new Income Tax E-filing Portal from 7th June 2021 to 21st June 2021.