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  Financial Year 2018-19 Income tax department has started the annual income tax return filing ritual recently. The new income tax return (ITR) forms for the  FY 2018-19 (assessment year 2019-20) come with a set of changes—essentially more detailed disclosures— taxpayers have to contend with. “The idea is to check evasion and eliminate loopholes,” says Alok Agarwal, Partner, Deloitte India.  While the last date for filing income tax returns has been extended to August 31 for  assessment year 2019-20 ,  but  you should not wait for last moment. Read on to understand the revisions in ITR 1 and 2 – the forms most relevant for individual, salaried taxpayers as well as pensioners. All  ITR forms are already available on incometaxindiaefiling.gov.in for online filing.  Changes in  ITR 1 The forms take into account announcements made during the Union Budget 2018-19. A field for standard deduction has been introduced—you can claim a f...

  HOW TO RESET PASSWORD IN ITR  I  am getting  a lot  of query  regarding  income tax return e-filing. Most of the people  have common problem of  forgot password. Here is the solution for this problem.  Go to   https://www.incometaxindiaefiling.gov.in/home  Select   reset  button in Forgot password box  Enter your PAN as User ID. Enter CAPTCHA  shown in  image. Click continue Here you have to select among drop down list of 4 options OPTION 1:   Answer secret question  This is applicable if you have set the secret questions while registering. Answer these questions and you will be able to reset the password. OPTION 2: Upload DSC . DSC  stands  for Digital Signature  Certificate.  DSC  utility is a Tool to digitally sign government forms such as  income tax  returns,  TDS  returns and  for  verifying...