Income Tax 1961 states that a person falling under the purview of the Tax Act has to pay tax on the income that is earned in a particular financial year. An individual, partnership, Hindu Undivided Family, or any other business entity can be assesses.
Who can file ITR 1 Return filing in Mizoram?
ITR 1 return filing in Mizoram is to be done by individuals whose income is not more than Rs.50 lakh from the following sources in a financial year.
Salaried person - Salary is the remuneration or consideration that a person receives for the services he or she has to render under an employment contract. The Income Tax Act,1961 has the following under the salary income.
One house property- In case if the Taxpayer is the owner of the property from which he or she is earning rent, then the rent becomes taxable. If the Taxpayer is using the property to run some business or profession then the same is taxable under “Income from business or profession” head.
Other sources(Does include income earned from winning lottery or racehorses)
Agricultural Income (up to Rs.5000)
How IndiaFilings help you in filing the ITR 1 Returns in Mizoram?
IndiaFilings can help you in ITR 1 return filing in Mizoram in both an online and offline manner.
Online Manner: We make online ITR 1 filing in Mizoram wherein we log into the portal and submit the returns on your behalf. Similarly, there is another option of submitting the income returns by uploading XML.
Offline Mode: It involves the submission of ITR 1 in paper form via post to the CPC department, Bangalore. The super senior citizens (80 years and above) are exempted from online filing of the Income-tax return.
What documents are required for ITR 1 return filing in Mizoram?
For ITR 1 Form filing in Mizoram the following documents are required:
IndiaFilings has over 1 lakh customers and we have completed over 7 lakh services through our platform. At IndiaFilings, we take pride in the services delivered by us and guarantee your satisfaction with our services and support. We constantly improve and strive to deliver the best accounting, financial or secretarial services through the internet.
One Person Company | Nidhi Company | Company Registration | Tax Notice | Indian Subsidiary | HSN Code | Section 8 Company | Trademark Search | USA Company Registration | FSSAI Registration | Import Export Code | ESI Registration | Proprietorship | GST Return Filing | Patta Chitta | PF Registration | Payroll | Business Tax Return Filing | PF Return Filing | Eway Bill | GST Registration | TDS Filing | Udyam Registration | Trademark Registration | Startup India Registration | Professional Tax | Personal Tax Filing | Check Company or LLP name Availability
Partnership | Limited Liability Partnership | Digital Signature | Copyright Registration | Unified Portal | PAN Card Download | Nadakacheri | Flipkart Seller | Caste Certificate | IAY | EPFO Passbook | Domicile Certificate | Udyog Aadhaar | PF Withdrawal | Karnataka One | Encumbrance Certificate | Bonafide Certificate | Instant PAN Card | E PAN Card | Income Certificate | Marriage Certificate | Passport Renewal | Nivesh Mitra | MSME Registration | Experience Certificate | Trademark Status | Trade License | Domicile | eMitra | UAN | PICME | Resignation Letter Format | Ration Card | TNREGINET | RAJSSP | LLP Compliance | Form 16 | Police Clearance Certificate | OBC Certificate | Jamabandi | Mee Bhoomi | SC Certificate | UAN Login | eAadhaar Download | Linking Aadhaar To Bank Accounts | mAadhaar | Aadhaar Enrollment Centre | UAN Passbook | Amazon How to Sell | PAN Card Apply | EPFO Unified Portal