Auditor in chennai for IT return filing

E-filing of Audit Reports now made mandatory from A.Y.2013-14.

Income-tax /

The Income-tax department has issued a new notification which requires the following Audit Reports to be filed electronically from A.Y.2013-14 (F.Y.2012-13) onwards. These audit reports needs to be filed electronically with the Digital Signature of the Chartered Accountant who has signed the report. As per this notification 42/2013 dtd 11/06/2013, the following reports are required […]

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Relief for Salaried assessees having income less than 5 Lakhs !!!

Income-tax /

The Income-tax department, vide its NOTIFICATION NO. 9/2012 [F. NO.225/283/2011-ITA(II)], DATED 17-2-2012 has exempted the persons (salaried assessees) with income less than 5 lakhs from furnishing their return of Income. For whom this benefit is available ? 1)      The assessee should be an Individual; and 2)      The Total Income does not exceed Rs. 500000/- .

Relief for Salaried assessees having income less than 5 Lakhs !!! Read More »