Income-Tax Department uses the registered contact details (Mobile number & E-mail ID) for all communications related to e-Filing. It is mandatory that all tax payers must have a valid contact details registered in e-Filing portal. It is noticed that many registered users are not having authenticated contact details in e-Filing or may have provided details…
CPC(TDS) has provided a feature of downloading Form 27D, the Tax Collection Certificate for Deductees forming part of TCS Statements, filed in the form of 27EQ. Refer to the following details for the above functionalities: Form 27D is Tax Collection Certificate in respect of deductees, reported in Form 27EQ Statements. Please refer to the provisions…
CBDT has revised PAN Application form 49A and 49AA wef from 16.05.2014 vide its notification no. 26/2014, Dated- 16-5-2014. This new form provide option to individuals to show mother’s name on PAN card. In revised pan application form Father’s name remain mandatory but column has been provided for Individuals to fill mothers name also. Further…
1. Last date for payment of tax deductions/collections for April-7th May 2014 2. Last date of filing of TDS/TCS returns for Q4 of F.Y. 2013-14 – 15th May, 2014 3. Last date for issuance of the TDS/TCS certificates for Q4 – 30th May, 2014 * The above is applicable for deductors other than the Office of the…
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 PANs, Tax Rate and Challans Complete Reporting for all Deductees Timely filing of TDS Statements Following are some important facts to be adhered to,…
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 only one TAN against more than one TAN tax credit; furnishing information in wrong TDS Schedules in the Return Form; furnishing wrong challan particulars in…
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 located outside India from AY 2012-13 and subsequent Assessment Years. An assessee required to furnish a report of audit specified under sections 10(23C)(iv), 10(23C)(v),10(23C)(vi) ,10(23C)(via)…
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 form 2. Return electronically under digital signature; 3. Transmitting the data in the return electronically and thereafter submitting the verification of the…
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 for the Assessment Year 2014-15 Individual and HUF Nature of income ITR 1 (Sahaj) ITR 2 ITR 3 ITR 4 ITR 4S (Sugam) Income from…
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 Extension of date for receipt of ITR-Vs in CPC, Bengaluru, for the cases of AY 2012-13 and 2013-14 received/e-filed in FY 2012-13- Reg. There are…