Don't Worry , Be Happy !
The information about the asset and liabilities were available to income tax department through return of income only in case of persons who were required to file audit reports and were required at the time of scrutiny of returns. However recent amendments brought in by CBDT vide notification no. 34/2013 [F.NO.142/5/2013-TPL]/SO 1111(E), DATED 1-5-2013 brought...
Sahaj or ITR-1 is the simplest income tax return form for Indian tax payer. However , since it is simplest one, it was kept exclusive to certain kinds of tax payer i.e person who are receipt f salary and income from other sources. CBDT has , as is the habit , has notified new Rule...
This quick post is published as I received many queries by people who are non residents Indians regarding filing of return of income in India for assessment year 2012-13. They have asked whether there is any amendment brought in the Income Act by which non resident Indians are supposed to compulsorily file return of income. The good news is that yes,...
ITR-V filing dates for Asst Year 2010-11, Asst Yr 2011-12 and Asst year 2012-13 have been extended to 31/03/2013 . The Director General of Income Tax (System) has issued circular in this read which is self explanatory and as under : F.No. TJIT(S)-1Il/ITR-V Extension/ 2012-13 Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes Directorate...
ITR-V filing after efiling of return without digital signature is a condition to make the return filed a valid return. CBDT has extended the date of filing of ITR-V for assessment year 2010-11 and 2011-12 to 31st December 2012 . The ITR-V can be sent either by ordinary post or speedpost. The Relaxation has been...
Form 15G or 15H are declaration for individual residents and HUF that they have neither taxable … [Read More...]
A video reports on tax planning by US based corporate to shift their office elsewhere in other … [Read More...]
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