Dating advice: charm the taxman

It’s time to file your income tax returns (ITR). What you need is a good checklist. Here is one.

It’s time to file your income tax returns (ITR). What you need is a good checklist. Here is one.

HT Image

Dates to remember

Individual Income Tax
July 31, 2013: Due date for filing return of income for the financial year 2012-13
March 31, 2014: Last date for filing the ITR for 2012-13 (assessment year 2013-14), with a penalty of Rs. 5,000
Income from salary
If you have no income apart from your salary, you need these:
Form 16: This is a financial statement from your employer(s) that lists details of your income and taxes paid on it during the year.
Form 12 BA: This is given to employees whose salary packages include holiday and credit card expenses.

HT walks you through the maze make it easier for you