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How to download 26AS from income tax Portal?

Income Tax Department Go to the e-file Income Tax Returns and click on View Form 26AS. Read the disclaimer, click Confirm and the user will be redirected to TDS-CPC Portal. In the TDS-CPC Portal, Agree the acceptance of usage. Click View Tax Credit (Form 26AS)

How do I choose ITR 1 or ITR-2?

The ITR-2 can be used by all persons who are not eligible to use ITR-1 and do not have any business or professional income. Briefly stated ITR-2 cannot be used by an Individual or an HUF who has any business or professional income. HUF can also file ITR-2 if it does not have any business income.

What is difference between ITR 1 and ITR 4?

ITR 1 applies to individuals who earn income from salary, rent, or interest. ITR 4 is applicable to people who have income from interest, salary, or rent and business income opted for a presumptive taxation scheme.

What is itr1 itr2 itr3 itr4 itr5?

ITR Form 3 - For individuals and HUF having income from business or profession, or an individual holding partnership in a firm may file ITR-3. ITR Form 4 are simpler forms that cater to a large number of small and medium taxpayers. ITR Form 5 is filed by LLPs and businesses.

How can I avoid double taxation?

Retain earnings: If the corporation doesnt distribute earnings as dividends to shareholders, earnings are only taxed once, at the corporate rate. Pay salaries instead of dividends: Shareholders who work for the corporation may be paid higher salaries instead of dividends.

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