As a Measure of Taxpayers Convenience, Last Date for Filing of Returns Extended to 5th August, 2013. There is an unprecedented surge in number of returns being e-filed during this year. 92.03 lakh returns have been e-filed up to 30th July, 2013 which is 46.8 % higher than the returns e-filed during the corresponding period…
TDS certificate is a certificate of tax deduction of source (TDS) by the deductor to the deductee specifying therein the prescribed particulars like amount of TDS, permanent account number (PAN), tax deduction and collection account number (TAN) etc. The relevant form for such TDS certificate is Form 16 in case of deduction under section 192…
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 either download file for all PANs or for selected PANs. For all PANs, you need to select FY and Quarter. For Selected PANs, you have…
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 house property (excluding losses) Å“- Å“- Å“- Å“- Income or losses from more than one house property Å“- Å“- Å“- Income not…
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 to the date of filing of the return besides interest applicable u/s 234B or 234C. Means this interest is applicable only if there is any…
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 accounts are required to be audited September 30, 2013 A working partner of a firm whose accounts are required to be audited September 30, 2013…
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 given due to complexity of e filing facing by taxpayers as well as by tax officers in processing through manual entry on system. But now…
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 following link: Download TRACES-Justification-Report-Generation-Utility-V1.0 2. Now, provide the path of unzipped report downloaded from TRACES website and the path of the output folder where you want…
After the submission of your TDS return you have the option to evaluate your return by downloading the Justification report from the TRACES website. This report lists out the following errors that was present in the returns that was submitted: PAN Errors-List of all PANs that which is not present in the Income Tax Department…
The Password to unzip Justification Report file is: ‘JR_<TAN>_<Form Type>_<Quarter>_<FY>’, e.g., JR_AAAAA1235A_24Q_Q3_2010-11