Tips to avoid defaults in TDS Statements
One can avoid defaults in the TDS statements, by way of adherence to the following basic principles: Timely Payment of total taxes deducted/ collected Correct Reporting with regard to… Read more »
Tag: Income Tax
Steps for filing Rectification request on receipt of demand notice due to mismatch of Income Tax
The CBDT has noted that many taxpayers are committing mistakes while furnishing their tax credit claims in the return of income. Such mistakes include: quoting of invalid/incorrect TAN; quoting of… Read more »
E-Filing of ITR for AY 2014-15
e-Filing of Returns/Forms is mandatory for: Any assessee having total income of Rs. 5 Lakhs and above from AY 2013-14 and subsequent Assessment Years. Individual/ HUF, being resident, having assets… Read more »
Electronic filing (e filing) of Income tax return with or without digital signature
As per rule 12 (Updated for AY 2014-15) (notification 24/2014 dated 01.04.2014) of income tax rules, income tax return can be filed using four modes. 1. Return in a paper… Read more »
Type of ITR form one should use for filing income tax returns for AY 2014-15
The below table contains income tax return form to be filled for a particular nature of income. List of forms to be used by different persons for filing of return of income… Read more »
Due Date for filing of ITR-V for AY 2012-13 and 2013-14 extended to 31.03.2014
The due date for filing of ITR-V for AY 2012-13 and 2013-14 has been extended to 31st March, 2014. The notification produced in this regard is given below: Notification for… Read more »