Posts Tagged ‘Kiosk’
Kiosks are being established in various centres of Bangalore especially in Malls and other places where people turn up in huge numbers
How to use the Kiosk.
At the kiosk, Press the ‘Start ‘Button’.
Enter your Name, PAN number and Email.
The insert your Form 16.
Your documents will be scanned and returned.
Tick the check list where you will be asked about the documents you have submitted.
The IT Return will be sent to you at your email ID.
Then you can file the returns independently or go to the kiosk and select File option.
Kiosks are internet enabled and they prompt you at evry step of the operation.
‘For the first time, the Income Tax department has decided to set up special ‘tax kiosks’ in residential areas and localities for facilitating a host of taxpayer related services in view of the forthcoming tax returns filing season.
The initiative will ensure that the taxpayers are not required to travel to I-T offices or other special camps for performing tasks like filing of returns, tracking refunds and applying for fresh PAN cards.
The department has also decided to run and station ‘mobile vans’ in smaller cities, manned by I-T trained personnel, who would help taxpayers perform their tasks in view of the July 31 deadline of filing I-T returns.
The innovative measure has been taken by the department after Finance Minister Pranab Mukherjee had recently asked the I-T top brass, during their conference held here, to execute new and innovative ideas for the welfare of taxpayers.
“The department had run a pilot project in this regard last year. The plan will be executed this year countrywide”, a top I-T department official said.
The department, in various cities in the country, will talk to the Resident Welfare Associations (RWAs) and other such bodies for establishing these temporary kiosks at apartment blocks, large office complexes and other central locations of the city, the official said.
The ‘mobile vans’, in smaller cities, will act as a ‘single window’ for salaried and other small and marginal taxpayers.
Metros and other big centres will have the ‘tax kiosks’.
These vans and kiosks, which will be stationed at one location for 1-2 days, will be manned by trained Tax Return Prepares (TRPS) who help the taxpayers in filing returns.
The department will also issue advertisements in order to publicise the location and timing of these kiosks and vans.
If you are an NRI, you would have to file yourincome tax returns for 2011-2012 if you fulfill either of these conditions:
-Your taxable income in India during the year 2011-2012 was above the basic exemption limit of Rs 1.8 lakh OR
-You have earned short-term or long-term capital gains from sale of certain investments and assets, even if the gains are less than the basic exemption limit.
“What this means is that firstly, NRIs do not get the benefit of differential exemption limits on basis of age or gender that is available to Resident Indians. Secondly, for NRIs, certain short term or long term capital gains from sale of investments or assets are taxed even if the total income is below the basic exemption limit. These include short term capital gains on equity shares and equity mutual funds where tax rate is 15% and long term capital gains on securities and assets where tax rate is either 20% or 10% without indexation,” explains Vaibhav Sankla, Director, H&R Block India.
There is an exception: If your taxable income consisted only of investment income (interest) and/or capital gains income and if tax has been deducted at source from such income, you do not have to file your tax returns.
Having laid down the ground rules, let us look at some of the important practical aspects on filing tax returns in India.
1. Mandatory e-filing if taxable income is more than Rs 10 lakh
Recently the Central Board of Direct Taxes ( CBDT) in India issued a notification which has made it mandatory for individuals who have annual gross total income (that is, income before any Chapter VI deductions like Sec 80C etc) in excess of Rs 10 lakh to file their returns online from financial year 2011-2012.
This applies to all individuals including non resident Indians. So as an NRI with gross total income exceeding Rs 10 lakh in 2011-2012, you must file your returns electronically. There are several options for you to do that. You can file your returns on the income tax website for free. But the process can be cumbersome. You would need to download a software, fill in your details and upload an XML file. If you do not attach a digital signature, you would need to print and send a copy of the acknowledgement (known as ITR-V) to the tax office in Bangalore within 120 days from the date of uploading the xml file.
The other, more user-friendly option is to use an online filing website such as hrblockindia.com, taxsmile.com or elagaan.com. These websites offer end-to-end e-filing service with an option to subscribe for digital signature as well. The fees and features vary among these.
A detailed article on e-filing websites will follow soon.
- Video: Who Needs to File an Income Tax Return? (turbotax.intuit.com)