New FVU version 3.71 released
FVU 3.71 is released and would have to be used from 26th May 2013. Click here for details TDSMAN has been updated to FVU 3.71 Please Note: FVU 3.7 has… Read more »
Assets details mandatory in Income Tax Return A.Y. 13-14
The major change in ITR forms for Financial year 2012-13 is that now you have to provide your all personal assets details (other than involved in your business) and liabilities… Read more »
Income Tax Return – Due Date A.Y. 2013-14
As per the provisions of section 139 of the Income Tax Act, 1961 the due dates for filing of returns of income for different category of assessees are given as… Read more »
Who can use SAHAJ (ITR-1) and who cannot use SAHAJ? A.Y. 13-14
Scope of ITR-1 (Sahaj) form has been reduced in AY 2013-14 significantly. In comparison to last year,two main points has been added under restriction ,first persons is that assessees who have negative… Read more »
Mandatory e-filing of Income Tax Return if income exceeds Rs. 5,00,000
e-filing of return is mandatory if income exceeds Rs. 5,00,000 or assessee claims relief U/s. 90, 90A or 91 CBDT has vide notification No. 34/2013 dated 01.05.2013 has made it… Read more »
No requirement to obtain TAN by transferee of immovable properties
No requirement to obtain TAN by transferee deducting tax under section 194-IA Section 194-IA was proposed to be inserted by the Finance Bill, 2013 to provide for deduction of tax… Read more »