Process of downloading Form 16A
The process of downloading Form 16A are as follows: 1. Login with your User Id and Password. 2. In the main menu, click Downloads > Form 16A. 3. You can… Read more »
Category: Income Tax
Type of Form one can opt to file income-tax return for the assessment year 2013-14
Individual and HUF Nature of income ITR 1 (Sahaj) ITR 2 ITR 3 ITR 4 ITR 4S (Sugam) Income from salary/pension Å“- Å“- Å“- Å“- Income from one… Read more »
Impact of late filing of Income Tax Return and issue related to due date
1. Interest u/s 234A: If there is tax due after deducting advance tax, TDS and self assessment tax then interest will be applicable @1% per month and part thereof up… Read more »
Due dates to file Income-Tax Return for A.Y. 2013-14
Assessee Due date Any other person(including HUF /Individual not covered above) Like Salaried persons ,businessmen not covered under audit July 31, 2013 A Company September 30, 2013 A person whose… Read more »
Tax Returns to be Filed by Salary earners upto Rs 5 lakh
CBDT clarified that the exemption from filing of income tax returns given to salaried person earning upto Rs.5 lakhs was only for assessment year 2011-12 and 2012-13. This exemption was… Read more »
Generation of excel sheet from the Justification report downloaded from TRACES
To generate the excel sheet from the Justification report downloaded from TRACES, follow the steps given below: 1. To generate the justification report excel sheet, download the TRACES-Justification-Report-Generation-Utility-V1.0 from the… Read more »