Last Date for filing Income-tax Returns for the year 2012-13 (A.Y.2013-14)
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Last Date for filing Income-tax Returns for the year 2012-13 (A.Y.2013-14) Read More »
General
Statutory obligations for the month of July 2013
The following are the Various Statutory Obligations for the month of July 2013. Payment of Service Tax The last date for Payment of Service tax pertaining to the month of June 2013 is 5th of July 2013. In case of e-payment, the due date is 6th of July 2013. In case of payment by Challan
Statutory obligations for the month of July 2013 Read More »
All about TDS on Property Transactions
As per Finance Bill of 2013, TDS is applicable on sale of immoveable property wherein the sale consideration of the property exceeds or is equal to Rs 50,00,000 (Rupees Fifty Lakhs). Sec 194 IA of the Income Tax Act, 1961 states that for all transactions with effect from June 1, 2013, Tax @ 1% should
All about TDS on Property Transactions Read More »
ITR-3 e-filing utility for A.Y.2013-14 available now
The Income-tax department has notified the ITR-3 e-filing utility for the A.Y.2013-14. This form can be used by Individuals/HUF being partners in firms and not carrying out business or profession under any proprietorship. Click the link below for downloading the e-filing utility. ITR3_2013
ITR-3 e-filing utility for A.Y.2013-14 available now Read More »
Statutory Obligations for the month of June 2013
The following are the Various Statutory Obligations for the month of June 2013. Payment of Service Tax The last date for Payment of Service tax pertaining to the month of May 2013 is 5th of June 2013. In case of e-payment, the due date is 6th of June 2013. In case of payment by Challan
Statutory Obligations for the month of June 2013 Read More »
ITR-2 E-filing utility available for download now.
The Income-tax efiling website (www.incometaxefiling.gov.in) has released the utility for filing the returns using ITR-2. This return form is to be used by an Individual or a HUF (Hindu Undivided Family) whose Total Income for Assessment Year 2013-14 includes- 1) Income from Salary/pension. or 2) Income from House property ; or 3) Income from Capital
ITR-2 E-filing utility available for download now. Read More »
UNDERVALUED REAL ESTATE TRANSACTIONS – A DOUBLE EDGED SWORD
Investment in Real estates is considered and preferred by many investors in view of the fact that the real estate transactions give a higher rate of return and the real estate investments are considered as an hedge against the Inflation. The past experience in the economy has also proved the same. Also, the real estate
UNDERVALUED REAL ESTATE TRANSACTIONS – A DOUBLE EDGED SWORD Read More »
Clarifications issued regarding Service Tax Voluntary Compliance Encouragement Scheme 2013
The Central Board of Excise and Customs has issued a new circular No 169/4/2013 dtd 13/05/2013 providing few clarifications with regard to the Service Tax Voluntary Compliance Encouragement Scheme , 2013. The following are the clarifications issued :- 1) A person who has not already registered with the Service Tax Department , he can first
ITR 1 & ITR 4-S e-filing utility for A.Y.2013-14 (Financial Year 2012-13) notified
The Income-tax Department has notified the e-filing utility for filing the Income-tax Returns for the Financial year 2012-13 (Assessment Year 2013-14). As of now ITR-1 & ITR-4S forms have been notified. Click the Links below to download the efiling utilities Form ITR-1 for A.Y.2013-14 Form ITR4-S for A.Y.2013-14
ITR 1 & ITR 4-S e-filing utility for A.Y.2013-14 (Financial Year 2012-13) notified Read More »
Service Tax Voluntary Compliance Encouragement Scheme 2013 forms notified.
The Central Government has issued a Notification No 10/2013 – Service Tax dtd 13 th May 2013 prescribing the rules for the Service Tax Voluntary Compliance Encouragement Scheme 2013. The Salient features of these forms are :- 1) It shall come into force on the date of its publication in the Gazette of India. 2)
Service Tax Voluntary Compliance Encouragement Scheme 2013 forms notified. Read More »
Assessee with Income more than 5 Lakhs shall mandatorily e-file the IT Returns from A.Y.2013-14
The Income-tax Department has issued a new Notification No 34/2013 dtd 01/05/2013. As per this notification, 1) Every assessee whose Total Income is exceeding Rs. 5 Lakhs shall necessary e-file his/her return of Income from the A.Y.2013-14 onwards. 2) The reports under sections 44AB (Tax Audit), 92E (Transfer Pricing) & 115JB (Minimum Alternative Tax) shall
Statutory Obligations for the month of May 2013
The following are the Various Statutory Obligations for the month of May 2013. Payment of Service Tax The last date for Payment of Service tax pertaining to the month of April 2013 is 5th of May 2013. In case of e-payment, the due date is 6th of May 2013. In case of payment by Challan
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Due date for Oct 2012 – Mar 2013 Service Tax returns extended !!!
The Service Tax Department has extended the last date for filing the Half yearly returns for the period from Oct’12-Mar’13. The original due date of 25th of April has been extended upto 31st of August 2013. The Service Tax department has also announced that the return preparation utility for the above period will also be
Due date for Oct 2012 – Mar 2013 Service Tax returns extended !!! Read More »
Due Date for Service Tax Returns (for July-Sep 2012) Extended
The Central Board of Excise & Customs vide its order No :- 1/2013-Service Tax dtd 06th March 2013 has extended the due date for filing the Service Tax returns for the period from July 2012 – Sep 2012. As per the earlier order, the due date was 25th March 2013. Now , this time limit
Due Date for Service Tax Returns (for July-Sep 2012) Extended Read More »
Budget 2013 – Tax Proposals
BUDGET 2013 – IMPORTANT TAX PROPOSALS (Financial Year 2013 -14) DIRECT TAX PROPOSALS v Tax Slab Rates: ü Individuals: Tax Rates for the Individuals will remain the same as per last Financial Year 2012-13, which is as follows :- Tax Rates for all the Individual Assessee below 60 years of age
Budget 2013 – Tax Proposals Read More »
