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 Service tax Department has released the offline excel utility for filing half-yearly Service Tax Return (ST-3) for the period 1st October 2012 to 31st March 2013. The following are the new features of the Oct-Mar 2013 Return :- A. Previously, the assessees were able to view the filed returns using the option, ‘View Original
Excel Utility for Service Tax efiling for Oct-Mar 2013 released Read More »
The Income-tax department has extended the due date for filing the Income-tax returns from 31st July 2013 to 05th of August 2013 in respect of Non-Corporate / Non-Audit case returns to be filed for the year 2012-13 (A.y.2013-14). This is done in view of the unprecedented surge in the number of e-returns filed and the
Due date for filing returns extended….. 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 »
Many times business entities get Invoices and Forms (Form C, Form F, Form E-I, E-II) out of the state where their office is situated. As a business entity , during VAT / CST assessments , the onus is on the assesee to prove the genuinity of the Invoice/Forms and the Registration of the dealer from
How to check whether a TIN / CST Number is genuine ? Read More »
There are three methods of tax payments available for Works Contracts Tax in TNVAT. They are as follows :- 1) Goods Identification method (Section 5) 2) Percentage Deduction method – Rule 8(5) 3) Composition Scheme – Section 6 GOODS IDENTIFICATION METHOD In this method, tax is on the deemed sale value of goods at rates
HOW TO DISCHARGE WORKS CONTRACT TAX IN TNVAT 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 »
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
E-filing of Audit Reports now made mandatory from A.Y.2013-14. Read More »
The Income tax department has released the e filing utility ITR-4 for filing returns of Individual having income from Proprietorship Business. Click the link below to download the excel efiling utility. [wpdm_file id=29]
ITR-4 e-filing utility notified Read More »
As per Finance Bill of 2013, TDS is applicable on sale of immoveable property wherein the sale consideration of the property exceeds or is equal to Rs 50,00,000 (Rupees Fifty Lakhs). Sec 194 IA of the Income Tax Act, 1961 states that for all transactions with effect from June 1, 2013, Tax @ 1% should
All about TDS on Property Transactions Read More »
