Which Income Tax Return (ITR) form?

Q & A Forum › Category: Tax Planning › Which Income Tax Return (ITR) form?

sapardeshi asked 10 years ago

I am a housewife and earning money of 1.8 Lac/per annul through tuition. I am also having investments in mutual funds, shares and FD. My total income is, including tuition+ short term gain on liquid funds+ FD interest , is less than 2.5 Lac. Please inform which ITR form I should use to file income tax returns for year 15-16. Please also inform where, how and when to pay short term capital gains if required to be paid. Thanking you.

1 Answers

0 Vote Up Vote Down

Sreekanth Staff answered 10 years ago

Hi, You may consider filing your tax return through ITR 4S or ITR -4 form. The STCG tax rate on Non-Equity funds (or) Debt funds is as per the your income tax slab rate. You may take help of a CA to file taxes or consider online tax filing portals. Read: http://www.relakhs.com/new-itr-forms-ay-2016-17-tax-return-filing/ http://www.relakhs.com/mutual-funds-taxation-rules-capital-gains-tax-rates-on-mfs-fy-201516/