Don't Worry , Be Happy !
Whether filing of return is necessary ,in case an individual has only losses from share trading in a year , is a good question in any tax payer’s mind. A reader of this blog who is an Non Resident Indian , Sri Satish , has asked similar question which is as under : I have...
Late return can be revised, indeed! It is generally understood that if tax return is filed after the due date (late return) , such return of income cannot be revised . In fact that the common error in belief that once a person files return late , then even when he finds a genuine error...
The return filing date has been extended to 31st August for everyone for whom the due date was 31st july 2012 for Asst year 2012-13. One reader-Sri Manoj of Gurgaon , had asked in the fag end of July , which I forgot to answer , was “Is Digital Signature is mandatory for a Individual...
When was the last time that the filing of return due date was not extended? It seems that , it has become a routine of sorts that on last date of filing return , the CBDT issues a new extended due date for filing of return . This year also , on the last date...
A press release issued by CBDT relaxes compulsory e-filing of return of income for Assessment Year 2012-13 – for representative assessees of non-Residents and in the Case of Private Discretionary Trusts. The said press release is as under : Rule 12 of the Income-tax Rules, 1962 mandates that an individual or Hindu undivided family, if...
Deduction u/s 80E of the Income Tax Act is allowed to individuals who takes education loans for … [Read More...]
Form 15G or 15H are declaration for individual residents and HUF that they have neither taxable … [Read More...]
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