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 related to such assets .This details are required to be filled in ITR-3 as well as in ITR-4. However it is not required to filled…
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 under: Income Tax Return Due Date AY 2013-14 Sl no. Particulars Due date 1. For such corporate assessees which is required to furnish a report…
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 income under head “Income from other sources” can not use this form and second main point is that if assessee’s exempted income is more than…
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 mandatory for the following category of the Assesses to file their Income Tax Return Online from A.Y. 2013-14 :- (a) It is mandatory for every…
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 at source@1% on consideration for transfer of immovable property, other than agricultural land. However, no tax is to be deducted if the consideration for transfer…
Services / Form 24G / Procedure to obtain duplicate copy of Provisional Receipt Number: In case if Account Office needs duplicate copy of Provisional Receipt Number, AO is required to send request letter to NSDL. The format in which request should be sent to NSDL by the Account Office is as under :- Request letter…