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Title: Online Tax Return Makes your Life Easy Post by: anand369 on August 25, 2008, 06:14:14 PM Today, people are earning in a lot. However, when the question to pay their tax comes, they show their back. Even well educated people do not feel to pay their tax on time. The problem of tax return will get solved very easily if everyone thinks that paying tax in time is their moral duty. A responsible person should pay their tax on time. Every year, list of rich businessmen and film stars are flashed in the newspapers who do not pay tax on time. They feel that paying tax is a great burden. There are many who play tricks when they have to pay their tax. People very cleverly hide their income. There are a section of people who is ready to pay tax but the whole procedure of filling forms and going to tax return office upset them. With the advent of tax return online, people can very easily pay their tax.
If a person does not return his or her tax on time, then he invites problem for himself as well as for the society. People should plan his tax from the very beginning to avoid problems. There are many rules and regulation for tax return. If a person violates the rules, then he will be put behind the bars. Every year, the government struggles to convince people to return their tax timely. With the upcoming of tax return online, one need not have to struggle with pen, paper and stamps. It is quite easy and safe. There are also some that offer optional live chat programs, so that you can ask your questions directly to a tax expert. A person who does not pay his tax is considered to be a criminal. He is a black spot for the society. At any time and at any place at your convenience, you can return your tax. The process takes place very fast and it is free from any error. Earlier people hesitate to pay their tax but now the scenario has changed. People are eagerly coming forward to pay their tax. Today, tax payment has become a matter of status symbol. People who pay highest tax are considered that his position in the society is very high. Forms to be used for filing return * The forms Saral, Naya Saral, 2D, 2E are now outdated and can not be used to file returns. * Salaried employees should use either ITR1 or ITR2 to file returns. * Form ITR1 is applicable for individuals having Income from Salary, Pension, and/or interest. * Form ITR2 is applicable for all other individuals not having income form business and profession. I.e., if you have income/loss from house property, capital gains and/or other sources, you should use ITR2. * The new ITR forms are annexure-less, i.e., you do not need to attach any documentary proof such as Form 16, investment proof, etc |