ITR-5 (A.Y.2014-15) e-filing utility for Partnership Firms notified

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

The Income-tax Department has notified the e-filing utility ITR-5 – Income-tax Return form in respect of Partnership Firms, Association of Persons (AOP) , Body of Individual (BOI) & Limited Liability Partnerships (LLP). With this, the following Income-tax Return e-filing utilities are notified for the A.Y.2014-15 (Financial year 2013-14) :- ITR-1 – For Individuals having Income […]

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New Wealth Tax return & filing procedure notified

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

The Central Board of Direct Taxes (CBDT) has notified a new Wealth-tax Return Form-BB for filing the Wealth-tax returns in respect of Individuals,HUFs and Companies. The Salient features of this notification are :- 1) This return of Net-wealth in Form BB shall b applicable for the A.Y.2014-15 and other subsequent years, in case of Individuals,

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MCA releases draft notification for Exceptions/Modications relating to Private Limited Companies

Company Law, Company Registration in Chennai /

The Ministry of Corporate Affairs has published a draft notification in its website www.mca.gov.in relating to the Exceptions/Modifications/Adaptations with regard to provisions in the Companies Act, 2013 relating to the Private Limited Companies. Suggestions/Comments on the proposed draft notification may be addressed/sent latest by 1st July, 2014 through email at exemptions@mca.gov.in. It has been requested that the

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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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Important amendment in New Companies Act relating to Company Information

1 Comment / Company Law, Company Registration in Chennai /

As per Section 12 of the Companies Act, 2013, (applicable from 1st April 2014) , every company shall print the following information compulsorily on all its business letters, bill heads, letter papers, letterheads, notices, and other official publications :- 1)      Name 2)      Registered office address 3)      Coporate Identity Number 4)      Telephone Number 5)      Fax Number,

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Year End Tax Tips

Income-tax /

 The financial year is at its end and its time to check few things in your books of accounts to ensure that you are tax compliant and save some money on taxes. This article aims at giving you some tips that could save your money/ taxes. Haven’t paid your Advance Tax ?      

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TNVAT E payment Mandatory for assessees with more than 2 Crore Turnover

1 Comment / General, TNVAT /

The Government of Tamilnadu has issued a new notification dtd 25th March 2014. As per this new notification, every registered dealer , who is liable to pay tax under TNVAT Act & whose turnover exceeds Rs. 2 Crores during the previous year, shall pay the tax due only by means of electronic payment only through

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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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