How many file IT returns themselves online without help from professionals -chartered accountants etc.
Most middle class pensioners with minimal pension find it difficult to fill and file a return themselves .
From ITR1 to ITR4 they have to make a choice based on income from pension, interet from SB/FDs , income from property if
they own more than one flat/house,jncome from shares .They have to file online from this year,digitally signing the returns.
How many know about the exemptions on 80c and other similar sections ?
Most go to a tax consultant and end up paying money fro their services.
Mot middle class are salaried employees getting less than10 lakhs/yr .
Very few. pensioners cross five lakhs per year.
Govt can very well waive of submitting a return for seniors getting less than 5 lakhs/year.
They can get rid of thousands of IT employees who spend time only clearing these returns.
Most middle class pensioners with minimal pension find it difficult to fill and file a return themselves .
From ITR1 to ITR4 they have to make a choice based on income from pension, interet from SB/FDs , income from property if
they own more than one flat/house,jncome from shares .They have to file online from this year,digitally signing the returns.
How many know about the exemptions on 80c and other similar sections ?
Most go to a tax consultant and end up paying money fro their services.
Mot middle class are salaried employees getting less than10 lakhs/yr .
Very few. pensioners cross five lakhs per year.
Govt can very well waive of submitting a return for seniors getting less than 5 lakhs/year.
They can get rid of thousands of IT employees who spend time only clearing these returns.