Income Tax Returns.

All you who want to know about tax can visit the following URL for FAQ regarding it. http://incometaxindia.gov.in/questionbank.htm

Or you can visit following site of Income tax India for all the information you need and for downloading of required forms.
http://incometaxindia.gov.in/

You can now file your returns online on the following site
http://www.incometaxindiaefiling.gov.in/portal/index.jsp

Here all you have to do is register your self with your PAN number. PAN number is compulsory as this is your unique user id. After you have created your login download the required form and fill up the form and generate a XML file from it and upload that XML on the site and your return filing is over.

The forms that are available are in PDF forms which you can fill it in any Adobe Acrobat Reader which is a free download.

Investments

Every year many of my friends ask me about investment and IT returns when they get a mail from our payroll regarding what is there investment planning for the year or when they get Form 16A at the start of the financial year. To all these friends I am dedicating my next few blogs to let them know all I know about investment and IT Returns.

The main thing which I have noted is that many people blindly invest in some policy / National Saving Certificate (NSC) / Public Provident Fund (PPF) / Mutual Fund without any study or flow some ones investment plan. This is the major flaw in there money planning. Here are few of the pointers which every one should answer before searching for the right investment plan.

• What is the need of the investment, Tax saving or Retirement or house/car buying etc.
• What is time duration?
• How much is needed?
• How much they can spare?

The above points give ample pointers as to what, when and how the money is required.

In my future blogs I will through light on all the points I have mentioned above and more. So keep watching this space for more.