filing of returns

No Filing of Returns by NRI or Non-Resident or Foreign Company in Certain Situations...

Income Tax Act provides for filing of returns by assessees if the gross income is in excess of exemption limit and for company and...
filing of tax returns

Is Filing of Tax Returns by Foreign Company Having PAN Mandatory ?

This question on obligation to file return of income under section 139 of the Income Tax Act for a foreign company having a PAN...
exemption

Don’t Worry if Exemption Claimed in Tax Return Citing Wrong Section or Provision

The typographical error in filling the fields of income tax return is very common.There are so many fields to be filled while filing tax...
filing of return

Filing Return for Assessment Year 2014-15 – 7 Most Important Reminders for You !

The season of filing of return u/s 139 of the Income tax Act has started. The first cut off date , also known as...
assessment year 2014-15

12 New Changes in New Tax Forms for Assessment Year 2014-15

Every year tax forms (popularly known as ITR ) are issued afresh valid for a particular assessment year . CBDT has notified income tax...
filing of return

Filing of Return After Due Date Extremely Risky! S.C Judgment in Ms Jaylalitha Case...

Income tax return filing date is given under section 139(1) of the Income tax Act . This blog had earlier posted four consequences of...
efling of reports

Mandatory eFiling of 17 Types of Audit Reports wef April 1, 2014 !

CBDT has notified the change in Rule 12(2) of Income Tax Rules by which four new additions have been made for efiling of reports...
carry forward of losses

You Can Get Carry Forward of Losses or Refund Even If No Return Was...

For many reasons, a person may forget to file a tax return within the stipulated period or even if income tax return filing is...

Who Can Not Use ITR-4S or Sugam Form Despite Having Eligible Business u/s 44AD...

Financial year 2013-14 has ended and thus tax filing period is approaching (July 2014 onwards..). In this connection , you must be aware that...

7 Information Tax Department Collects Easily!

The income tax department collects information about your various financial transactions like credit cards, cash deposits with bank, IPOs or mutual fund investments ,...