Your search for prescribed forms for disability certificates under section 80DD or 80DDB or 80U ends here. Three sections under I T Act prescribes for deduction on account of medical reasons. Section 80DD,80DDB and 80U . Two important points need mention 1. Although these sections still state that such certificate should be attached with the return of income, the return itself from Asst Yr 2007-08 has gone under a total change and...
The declaration in Form 15G is the single most common form for all who wants to prevent TDS on interest paid by banks and other financial companies.Certain changes have been brought in by CBDT recently as the format for Form 15G & Form 15H have been changed. This website has prepared a video on rules regarding Form 15G & Form 15H. However, realising the difficulties faced by common man from
New Form 15 G and Form 15H have been notified by CBDT vide NOTIFICATION NO. 11/2013[F.NO.142/31/2012-SO(TPL)]/SO 410(E), DATED 19-2-2013 .The formats of these forms are drastically changed . These forms are declaration for preventing TDS on interest or dividend or while withdrawing amount from 80CCA . Watch the 3 minute video tutorial on Form 15 G & 15 H Readers must be aware that while Form 15H is meant for senior
The trust ,political parties ,research association, institutions, section 25 Companies were facing difficulties as no return form for ITR-7 was notified for assessment year 2012-13. Download the new form INCOME-TAX (EIGHTH AMENDMENT) RULES, 2012 – SUBSTITUTION OF FORM ITR-7 NOTIFICATION NO. 29/2012 [F.NO. 142/31/2011-TPL]/SO 1705(E), DATED 26-7-2012 In exercise of the powers conferred by section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes
Form 49AA is the new PAN application form for non residents for the purpose of allotment of PAN to Non Resident. This is done by modifying the Rule 114 of Income Tax Rules which is for allotment of PAN. CBDT has issued Notification No. 56 dated 17 October 2011 which now prescribes the documents as proof of identity and address for person applying for PAN and also prescribes a separate...
First look on the newly notified income tax form ITR-1 for Asst Yr 2011-12 which is named Sahaj (means easy) shows that there is an inadvertent mistake . D19 field of the form tells taxpayer to fill “Exempt income only for reporting purpose (From Dividend,Agriculture Income “ . However it says that it should be reported only if the income from exempt income is less than Rs 5000 as the
Sahaj–the new simplest return form for individuals & a special form Sugam for persons prepares P & L account of business business on presumptive basis u/s 44AD and 44AE for Asst Yr 2011-12 notified . The Finance Minister had promised to introduce simplest form for the class of tax payer who are having income under three heads – salary /pension , income from house property & income from other sources.
Central Board of Direct Taxes has notified new income tax return forms for assessment year 2011-12 (Financial year 2010-11 ) . However, simplest form, which Finance Minister promised , will take some more day to come. Following income tax forms are notified For Individuals and HUFs not having Income from Business or Profession ITR-2 in Doc For Individuals/HUFs being partners in firms and not carrying out business or profession under
The forms in excel format for Asst Year 2010-11 are available on bcasonline and a link is provided for download here.