self assessment tax

Self Assessment Tax : 7 Reasons to Pay For Asst.Yr 2013-14

Self Assessment Tax payment provision is given under section 140A of the Income Tax Act. Despite many consequential penalty and harsh action, people were...

Filing of Return: Asset & Liabilities as on 31st March 2013 Required Now !

The information about the asset and liabilities were available to income tax department through return of income only in case of persons who were...
sahaj

Who Can’t File Sahaj ITR-1 for Asst Yr 2013-14

Sahaj or ITR-1 is the simplest income tax return form for Indian tax payer. However , since it is simplest one, it was kept...
filing of return

Filing of Return: Bizarre Rule to Affect Foreigners and NRIs?

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...

ITR-V Date Again Extended For 3 Assessment Years

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...

Centralised Processing Of Returns Scheme, 2011, Notification Issued On Dated 4-1-2012

In exercise of powers conferred by sub-section (1B) of section 143 of Income Tax Act, 1961 (43 of 1961), for the purpose of giving...

ITR-V Filing Time For Asst Yr 2011-12 & 2010-11 Extended

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...
questions_answered

Is filing Return Necessary Even if There is Business Loss?

Whether filing of return is necessary ,in case an individual has only losses  from share trading in a year , is a good question...

Revision of Late Return Filed u/s 139(4) Legally Correct !

Late return can be revised, indeed! It is generally understood that if tax return is filed after the due date (late return) , such...

Is Digital Signature Mandatory for Individual or HUF or Firm Falling u/s 44AB...

The return filing date has been extended to 31st August for everyone for whom the due date was 31st july 2012 for Asst year...