Income tax return filing in chennai

ITR 4 for A.Y.2014-15 – e-filing utility notified

General, Income tax return filing in chennai, Income-tax /

The Income-tax Department has notified the ITR-4 e filing utility for A.Y.2014-15 (F.Y.2013-14). The utility notified by the Income-tax Department is a Java based utility. ITR-4 is for Individuals & HUFs having Income from a proprietory business or profession. This utility can be downloaded from www.incometaxindiaefiling.gov.in With this , totally 5 Income-tax efiling utilities have […]

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Cost Inflation Index for 2014-15 notified.

2 Comments / Income tax return filing in chennai, Income-tax /

The Income-tax Department has issued a notification dtd 11th June 2014 , notifying the Cost Inflation Index for the Financial Year 2014-15 (Assessment year 2015-16) as “1024”. The relevant notification is reproduced below :- [gview file=”http://bssridhar.com/blog/wp-content/uploads/2014/06/cii201415.pdf”] Source : www.incometaxindia.gov.in

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Last date for Advance Tax Payment (March 2014 Instalment) Extended

Income tax return filing in chennai, Income-tax /

In view of the holidays , the Central Board of Direct Taxes has extended the last date for payment of Advance tax (March 2014) instalment in respect of the A.Y.2014-15 (F.Y.2013-14) for all types of assessees, Corporate & Non Corporate assessees. The CBDT has issued an order dtd 14/03/2014 extending the last date from 15th

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Clarification regarding disallowance under sec.14A of Income-tax Act

1 Comment / Income tax return filing in chennai, Income-tax /

Section 14A of the Income-tax Act,1961 provides for disallowance of expenses which are  not includible in the total income (Exempt Income). There were many controversies in the same as to whether the disallowance can be made even though there was no Exempt Income earned during the year. In this regard, the CBDT has issued a

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Relaxation of time limit for filing ITR-V and processing.

Income tax return filing in chennai, Income-tax /

The CBDT has issued a new Circular No 04/2014, dtd 10th February 2014 , providing relaxation of time limit for filing of ITR-V and processing the same. As per this circular , there were many instances wherein the return of income was filed electronically without using the digital signature and the ITR-V forms sent by

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Statutory Obligations for the month of December 2013

General, Income tax return filing in chennai, Income-tax, Service Tax, TNVAT /

The following are the Various Statutory Obligations for the month of December 2013. Payment of Advance Tax The last date for Payment of Advance Tax (3rd Instalment in case of Companies & 2nd Instalment in case of Non Companies) for the A.Y.2014-15 is 15th December 2013. Click here to make Advance Tax Payment online. Click here to download Challan for

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CBDT Technically Extends last date for tax audit to 31st October 2013

General, Income tax return filing in chennai, Income-tax /

The Central Board of Direct Taxes (CBDT) has extended the due date of filing of Audit Report & Income-tax returns where the same where required to be filed on or before 30th September 2013 to 31st October 2013. In its order under Section 119 of the Income-tax Act, 1961  (Order No F.No.225/117/2013/ITA.II dtd 24th October

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PAN of Landlord Mandatory for Claiming HRA (For rent exceeding Rs. 1 Lakh p.a)

General, Income tax return filing in chennai, Income-tax /

The Income-tax Department has issued a new circular No 8/2013 dtd 10th October 2013. This circular provides the procedures to be followed for Tax Deduction at Source on Salaries during the year 2013-14 In this circular, the Income-tax Department has provided as follows :- 1) Where the House Rent Allowance (HRA) amount is than Rs

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Procedure and Criteria for Selection of Scrutiny of IT Cases for the year 2013-14

Income tax return filing in chennai, Income-tax /

The Central Board of Direct taxes (CBDT) has prescribed the procedure and criteria for selection of scrutiny cases  under compulsory manual during the financial year 2013-2014 . The guideline prescribed by the Income-tax department is reproduced below :- [gview file=”http://bssridhar.com/blog/wp-content/uploads/2013/08/07082013_Scrutiny_Cases_06082013.pdf” save=”1″] Courtesy :- www.incometaxindia.gov.in

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Statutory Obligations for the month of August 2013

3 Comments / General, Income tax return filing in chennai, Income-tax, Service Tax, TNVAT /

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 July  2013 is 5th of Aug 2013. In case of e-payment, the due date is 6th of August  2013. In case of payment by Challan

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Checklist for Filing Income-tax returns – Salaried Employees

Income tax return filing in chennai, Income-tax /

The last date for filing Income-tax filing is fast approaching and you must be busy in compiling the details for filing the Income-tax returns. This checklist will be handy for you for compiling the details for your Income-tax returns. PAN Card Your PAN Card is the most important document required for filing your Income-tax returns.

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