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 »
ALL ABOUT TNVAT AUDIT APPLICABILITY Every registered dealer whose turnover including zero-rate sale and sale in the course of inter-state trade or commerce as specified in Section 3 of the Central Sales Tax Act, 1956 in a year, exceeds one crore rupees shall get his accounts audited by an Accountant and submit the report to
ALL ABOUT TNVAT AUDIT Read More »
The Central Board of Direct Taxes has notified the Cost Inflation Index for the year 2013-14. Cost Inflation Index for 2013-14 is 939 The relevant Notification is reproduced below :-GOVERNMENT OF INDIA MINISTRYOF FINANCE DEPARTMENT OF REVENUE CENTRAL BOARD OF DIRECT TAXES NOTIFICATION No. 40/20136/8/13 INCOME-TAX New Delhi, the 6th day of June, 2013 S.O.
Cost Inflation Index for 2013-14 Notified. Read More »
The Income-tax department has notified the ITR-3 e-filing utility for the A.Y.2013-14. This form can be used by Individuals/HUF being partners in firms and not carrying out business or profession under any proprietorship. Click the link below for downloading the e-filing utility. ITR3_2013
ITR-3 e-filing utility for A.Y.2013-14 available now Read More »
The following are the Various Statutory Obligations for the month of June 2013. Payment of Service Tax The last date for Payment of Service tax pertaining to the month of May 2013 is 5th of June 2013. In case of e-payment, the due date is 6th of June 2013. In case of payment by Challan
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The Income-tax efiling website (www.incometaxefiling.gov.in) has released the utility for filing the returns using ITR-2. This return form is to be used by an Individual or a HUF (Hindu Undivided Family) whose Total Income for Assessment Year 2013-14 includes- 1) Income from Salary/pension. or 2) Income from House property ; or 3) Income from Capital
ITR-2 E-filing utility available for download now. Read More »
Investment in Real estates is considered and preferred by many investors in view of the fact that the real estate transactions give a higher rate of return and the real estate investments are considered as an hedge against the Inflation. The past experience in the economy has also proved the same. Also, the real estate
UNDERVALUED REAL ESTATE TRANSACTIONS – A DOUBLE EDGED SWORD Read More »
The Central Board of Excise and Customs has issued a new circular No 169/4/2013 dtd 13/05/2013 providing few clarifications with regard to the Service Tax Voluntary Compliance Encouragement Scheme , 2013. The following are the clarifications issued :- 1) A person who has not already registered with the Service Tax Department , he can first
The Income-tax Department has notified the e-filing utility for filing the Income-tax Returns for the Financial year 2012-13 (Assessment Year 2013-14). As of now ITR-1 & ITR-4S forms have been notified. Click the Links below to download the efiling utilities Form ITR-1 for A.Y.2013-14 Form ITR4-S for A.Y.2013-14
ITR 1 & ITR 4-S e-filing utility for A.Y.2013-14 (Financial Year 2012-13) notified Read More »
