Income tax return filing consultant in chennai

Extension of various time lines for filing under Income-tax for the year 2020-21

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

Extension of various deadlines under Income-tax vide CBDT Circular F.No 225/49/2021-ITA-II dtd 20th May 2021 Sl. No Name of the Compliance OriginalDue date ExtendedTime line 1 Statement of Financial Transactions (SFT) for the year 2020-21 31st May 2021 30th June 2021 2 Statement of Reportable Account for the  year 2020 31st May 2021 30th June […]

Extension of various time lines for filing under Income-tax for the year 2020-21 Read More »

Assessee with Income more than 5 Lakhs shall mandatorily e-file the IT Returns from A.Y.2013-14

General /

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

Assessee with Income more than 5 Lakhs shall mandatorily e-file the IT Returns from A.Y.2013-14 Read More »

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 »