How To File ITR (Rs. 50 BONUS) | Income Tax Return Filing Things To Know | FY 2018-19 AY 2019-20 | FinCalC [VIDEO]

LINK TO FILE ITR (RS. 50 BONUS):

https://cleartax.in/r/qpCOP

We are in the month of June 2019 and most of you must have started receiving emails from your Employer containing FORM 16. 

FORM 16 contains details regarding the Salary received by you throughout the year and TDS deducted based on your Salary. FORM 16 is very important when it comes to filing your ITR (Income Tax Return).

In this post, we are going to see How you can file your ITR (Income Tax Return) and various information you need to gather before you start filing your ITR. 

Last date to file your ITR is 31st July 2019.

Here's the video explaining How you can file your ITR with the help of example:

WATCH VIDEO:

Things To Gather Before Filing ITR:

1. INCOME
By filing your ITR, you confirm that you have not left out any additional Income received by you or Investments made by you in a particular Financial Year. One important information you need to have with you before you can file your ITR is your Income from All sources.

Income from Salary is usually included in your FORM 16, but other Incomes such as Income from Savings Accounts Interest, Fixed Deposit Interest, Recurring Deposits Interest, PPF Interest, Capital gains, etc. are supposed to be included in Income from other sources for proper calculation of your Income Tax.

2. INVESTMENTS
Another piece of information that is required is all the Investments made by you in a particular Financial Year. 

These Investments are included under Section 80C, Section 80CCD, Section 80D, Section 80TTA and many other related sections. Investments help you lower your Income Tax in a particular Financial Year.

3. BANK ACCOUNT DETAILS
This is needed in order to credit the extra TDS that was deducted in related Financial Year after you file your ITR. 

Filing your ITR also helps you in getting back the additional TDS that was deducted in the previous Financial Year.

So these are some of the required data that is to be collected from your side before you can file your ITR.

Watch above video and file your ITR using CLEARTAX site, and get Rs. 50 as BONUS.

LINK TO FILE ITR (RS. 50 BONUS):
https://cleartax.in/r/qpCOP
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