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 […]
CBDT Technically Extends last date for tax audit to 31st October 2013 Read More »
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
PAN of Landlord Mandatory for Claiming HRA (For rent exceeding Rs. 1 Lakh p.a) Read More »
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
Procedure and Criteria for Selection of Scrutiny of IT Cases for the year 2013-14 Read More »
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
Statutory Obligations for the month of August 2013 Read More »
The Income-tax department has notified the new excel utility for e-filing Income-tax returns in respect of Corporate assessees other than companies claiming exemption u/s. 11. Click the link below to download the excel utility. [wpdm_file id=31]
ITR-6 e-filing excel utility notified Read More »
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.
Checklist for Filing Income-tax returns – Salaried Employees Read More »
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 »
ITR-7 e-filing utility for the A.Y.2013-14 (F.Y.2012-13) has been notified by the Income-tax Department for the First time. Till the A.Y.2012-13, ITR-7 was the only return which had the only option of filing hard copy of the Returns. Compared to the other e-return utilities, which were Excel files which can be used to fill the
ITR-7 e filing utility notified.. Read More »
The Income-tax Department has notified the ITR-5 efiling utility for e-filing the Income tax return in respect of Partnership firms. This utility can be used by the following assessees :- – a person being a Firm (Including LLP), – AOP , – BOI, – Artificial Judicial Person referred to in Section 2(31) of Income-tax Act,1961
ITR-5 e-filing utility notified Read More »
Income-tax return filing is a Statutory obligation to be carried out by the Income-tax assessees every year. There are many myths/misconceptions with regard to Income-tax return filing. This article lists top 10 myths & facts about the Income-tax return filing. [table id=2 /] Click here to send your queries / enquiry (or) Comment/Reply below the
MYTHS & FACTS ABOUT INCOME TAX RETURN FILING Read More »
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