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Quick Overview on G20 - 2023 India

  The 2023 G20 summit was held in New Delhi, India, on September 9-10, 2023. The main venue was the Pragati Maidan, a large exhibition complex in central Delhi. The summit was also held at other venues in New Delhi, including the Hyderabad House, the Prime Minister's residence, and the India International Centre. The 2023 G20 summit was attended by the leaders of the 20 member countries of the G20, as well as the leaders of several invited countries, including Argentina, Indonesia, Senegal, South Africa, and Turkey. The summit was also attended by the heads of international organizations, such as the United Nations, the World Bank, and the International Monetary Fund. The G20 Delhi Declaration was the outcome document of the 2023 G20 summit. It was a 38-paragraph document that covered a wide range of issues, including: The global economy and finance: The declaration called for continued efforts to strengthen the global economy and financial system. It also emphasized the importance...
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ITR forms for FY 2016-17(AY 2017-18) income tax return forms for e-filing

The Income Tax Department has released the  ITR (Income Tax Return) Forms for Financial Year 2016-2017 (i.e. Assessment Year 2017-2018).
These ITR forms will be applicable for your income tax return for income earned from 1st April 2016 to 31st March 2017. FY 2016-17 (AY 2017-18).
The due date of submission of these ITR Forms will be 31st July 2017.
The forms are  available for you to download. We will also update our e-filing, so you can file your tax returns quickly!
Major Changes in the ITR- Forms
  • Single page ITR Form for those with income upto Rs 50L
  • ITR -1 can only be filed by those with ONE house property
  • Schedule AL has been taken off from ITR-1
  • Old ITR-2, ITR-2A and ITR-3 have been done away with and merged to NEW ITR-2
  • Old ITR-4 is now NEW ITR-3 and Old ITR-4S(Sugam) is now NEW ITR-4(Sugam)
  • Mentioning Aadhaar number or Aadhaar enrollment id is mandatory
  • New section added in ITR-1 for mentioning exempt long term capital gains. Mandatory to e-file tax returns for those with LTCG of Rs 2.5L or more, even though their total taxable income may be below Rs 2.5L.
  • Paper returns can only be filed by those who are above 80 years of age OR by an individual or HUF whose income does not exceed five lakh rupees and who has not claimed any refund in the return of income.
The download links are available below –
ITR-1 for Assessment Year 2017-18
 ITR-2 for Assessment Year 2017-18
 ITR -3 for Assessment Year 2017-18
 ITR-4 for Assessment Year 2017-18
 ITR-5 for Assessment Year 2017-18
ITR-6 for Assessment Year 2017-18
 ITR-7 for Assessment Year 2017-18
 ITR-V Acknowledgment for Assessment Year 2017-18



Disclaimer:

The post on this blog is not a professional advice and is shared for academic and knowledge sharing purpose only.
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