Correction Statements cannot be prepared for F.Y. 2013-14 using FVU 3.8
The newly released FVU version 3.8 (w.e.f 01/07/2013) by NSDL cannot be used for preparing Correction Statements for F.Y. 2013-14. Therefore, it is more likely…
View More Correction Statements cannot be prepared for F.Y. 2013-14 using FVU 3.8Guidelines for Online Filing of Tax Return
Necessary documents required before e filing tax return: PAN card Previous Tax Return Form 26AS Form 16 Form 16A Step 1: Open the website for…
View More Guidelines for Online Filing of Tax ReturnProcess of using Pre-filled XML data in offline excel utility
This year Income Tax e filing portal has provided a new facilities of “Pre-filled XML data in offline Excel utility”on their website. The process of…
View More Process of using Pre-filled XML data in offline excel utilityMandatory for all Deductors to download TDS Certificate from TRACES website
As per Circular No. 01/2012 dated 09.04.2012, it mandatory for all deductors to issue TDS certificate in Form No. 16A after generating and downloading the…
View More Mandatory for all Deductors to download TDS Certificate from TRACES websiteProcess of filing a Revised Income Tax Return
The process of filing a Revised Return is the same as filing an Original Return. The only difference is that in the Excel utility (Return…
View More Process of filing a Revised Income Tax ReturnFees and Penalty for Late Filing of TDS Returns
Fees and Penalty for Late Filing of TDS Returns are as follows: Section 234E – Levy of Fees Failure to submit TDS return on time will…
View More Fees and Penalty for Late Filing of TDS ReturnsBelated Issue or Non Issue of TDS Certificate
Failure to issue TDS certificate within the time allowed, attracts penalty of Rs. 100/- per day of default (Sec 272A(2)(g)). However, penalty will not exceed…
View More Belated Issue or Non Issue of TDS CertificateImportant proofs while filing IT return
Following are some important list of the proof used for taking advantages of deductions under sec 80 C of IT act :- 1. Life Insurance…
View More Important proofs while filing IT returnDue dates for filing TDS returns
Every person responsible for making payment of nature covered by TDS provisions of Income Tax Act shall be responsible to deduct tax at source while…
View More Due dates for filing TDS returnsOnline Income Tax Return Filing
Online Income Tax Return filing can be done in two ways: (1) Without Digital Signature, wherein the XML is uploaded on the server of IT…
View More Online Income Tax Return Filing