Relevant Sections of Income Tax Act, 1961: 139(1), 139(3), 139(4A), 139(4B), 139(4C), 139(4D), 142(1), 148(1), 153A All Applicable Return Forms for A Y 2013-14: ITR-1…
View More Form & mode of filling of Income Tax Return for AY 2013-14Tag: Income Tax
Informations contained in Form 26AS for a tax payer
 A taxpayer can view the following information in Form 26AS: Details in Form 26AS Details of tax deducted on behalf of the tax payer by…
View More Informations contained in Form 26AS for a tax payerNew 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…
View More New FVU version 3.71 releasedAssets 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…
View More Assets details mandatory in Income Tax Return A.Y. 13-14Income 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…
View More Income Tax Return – Due Date A.Y. 2013-14Who 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…
View More Who can use SAHAJ (ITR-1) and who cannot use SAHAJ? A.Y. 13-14Mandatory 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…
View More Mandatory e-filing of Income Tax Return if income exceeds Rs. 5,00,000Use TDSMAN (F.Y.: 2013-14) to file TDS returns for F.Y.: 2012-13
Many tax deductors file returns only in Quarter 4 and normally buy the software in April or May for preparing these returns. With TDSMAN (F.Y.:…
View More Use TDSMAN (F.Y.: 2013-14) to file TDS returns for F.Y.: 2012-13Important information for all TIN users
TIN users who have registered on TRACES but not activated their account within 24 hours will have to register as new user. Click on  Register…
View More Important information for all TIN usersDelayed or Non payment of TDS – Department to initiate action against TDS defaulters
The Income Tax department has decided to crack the whip on big companies and organisations that do not remit TDS money even after deducting it…
View More Delayed or Non payment of TDS – Department to initiate action against TDS defaulters