A simple one- page Income Tax Return form for the category of individuals having taxable income upto Rs 5 lakhs other than business income. "Finance Minister Shri Jaitley said that the present burden of taxation is mainly on honest tax payers and salaried employees who are showing their income correctly. Therefore, post-demonetisation, there is a legitimate expectation of … [Read more...] about Income Tax Return form for the category of individuals having taxable income upto Rs 5 lakhs other than business income
IT Return
Finance Minister Jaitley to meet officials again to keep Income Tax Return forms simple
FM Jaitley to meet officials again to keep Income Tax Return forms simple New Delhi: Facing criticism over the new Income Tax Return (ITR) forms that seek details on bank accounts and foreign trips, Finance Minister Arun Jaitley will hold another round of meeting with officials to simplify the procedure. Soon after his trip from Washington yesterday, Jaitley had … [Read more...] about Finance Minister Jaitley to meet officials again to keep Income Tax Return forms simple
Special Arrangements Made for Accepting Returns of Income; Offices to Remain Open on 26th July and 27th July
Press Information Bureau Government of India Ministry of Finance 24-July-2014 12:33 IST Special Arrangements Made for Accepting Returns of Income; Offices to Remain Open on 26th July and 27th July, 2014, Being Saturday and Sunday, for Accepting the Returns During Normal Office Hours For the convenience of the taxpayers, the Income Tax Department has decided to … [Read more...] about Special Arrangements Made for Accepting Returns of Income; Offices to Remain Open on 26th July and 27th July
Ex-post facto extension of due date extended to 31.03.2014 for filing TDS/TCS statements for FYs 2012-13 and 2013-14
Ex-post facto extension of due date extended to 31.03.2014 for filing TDS/TCS statements for FYs 2012-13 and 2013-14 Circular No. 07/2014 F. No. 275/27/2013-IT(B) Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, the 4th March, 2014 All Chief Commissioners of Income-tax All Directors General of … [Read more...] about Ex-post facto extension of due date extended to 31.03.2014 for filing TDS/TCS statements for FYs 2012-13 and 2013-14
Ready Reckoner for late IT Return filling
Ready Reckoner for late IT Return filling A Ready Reckoner for Late Income Tax Return filing: Important tax return filing dates for the Assessment Year 2013-14 (Financial Year 2012-13) July 31: Due date for filing tax returns August 5: Extended due date March 31, 2014: Last date for filing returns without the penalty of Rs. 5000. However penal interest of 1% per … [Read more...] about Ready Reckoner for late IT Return filling
Exemption from filing of Income Tax Return: FAQ
Exemption from filing of Income Tax Return: FAQ Now it is the time to study the terms of exemption from requirement of filing of return as the last date of filing of Income Tax return is 31st July. Here are some frequently asked question to help you eligibility for such exemption: Frequently Asked Questions (FAQs) on EXEMPTION FROM FILING OF INCOME TAX RETURN Que1. What … [Read more...] about Exemption from filing of Income Tax Return: FAQ
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