Using Multi-Factor Authentication (MFA) in myITreturn – Security+

myITreturn Security+ Using Multi-Factor Authentication (MFA) in myITreturn This is an optional free security enhancement in Users often have asked us to increase security of their account. It is not un-common to see users storing their passwords on the web browser. This means that some other user who has… Read more »

All you need to know about Form 12BB

Form 12BB needs to be submitted to your employer and will be used to declare your investments and claim tax deductions under HRA, LTA, Section 80, interest paid on home loans etc. Earlier there was no standard format required by salaried employees to disclose their investment details to their employers. The… Read more »

myITreturn Dashboard with ‘Yearly Tax Return Snapshot’

We are happy to introduce the new myITreturn Dashboard with ‘Yearly Tax Return Snapshot’ that will give you some peace of mind and help you comply. What is myITreturn Yearly Snapshot: The new ‘Yearly Snapshot’ lets you check the following 3 important tax return status of the last 6 years (whether or not… Read more »



With constant efforts of the Government  of e-enabling the various services for the benefit of the taxpayers, here comes one more supportive and a thoughtful step by our Government for minimizing the efforts of the taxpayers. E-sahyog is a Project to provide an online mechanism to resolve mismatches in income Tax return… Read more »

Why do I have tax payable?


Before filing your return, make sure you have entered all the details correctly. Starting from the basic information like PAN, bank details etc to entering all the income details, if any mistake is committed, it may lead to confusion and huge tax demands. Let us find those error prone areas… Read more »

How to file Income-tax Return as a legal heir?


They say, nothing in Life is certain except death and taxes! There are taxes and legal formalities involved even after death such as transfer of property, distribution of assets, filing of returns and other cumbersome procedures. All these formalities have to be done by legal heir. However not everyone is… Read more »

What’s New in ITR’s of Financial Year 2015-16?


The only constant thing in the world is “Change”. And it seems that the Income-tax department is a keen follower of this saying. The Income-tax department brings new changes and improvements in Income-tax Return forms each year, to simplify return filing process for taxpayers as well as to get relevant… Read more »

Disclosure of Bank accounts in new ITR forms


CBDT has made certain changes in ITR forms and disclosure requirements. Click here to know the changes in ITR forms (directly link with the article- whats new in ITR froms). From AY 2015-16, it has become mandatory for the taxpayers to provide the details of all the bank accounts held by… Read more »

How to check if you have e-filed previous years return?


If you do not remember whether you have  e-filed your return for a particular year or, have sent your ITR-V to CPC for processing, you can follow a simple procedure.  Electronic Verification Code  (EVC) is now introduced, earlier it was compulsory to send your  ITR-V to CPC, Bangalore. Click here… Read more »

What you should know about FATCA?


What is FATCA? FATCA stands for Foreign Account Tax Compliance Act, a new Act enacted by US government. The only purpose for introduction of this Act is to curb the tax evasion practices by US persons. FATCA requires sharing of earnings related information by the foreign financial institutions to the… Read more »