Simplifying Taxation in India
All ITR forms officially notified by CBDT FOR F.Y. 2016-17Income tax department has issued different forms for different assessees. Therefore, it is necessary to know which form is correct for assessees to submit Income Tax Return. The detail for who can use or who can not use a particular Income Tax Form is given … Read more
Income Tax Rates for Financial Year 2016-17 OR Income Tax Rates for Assessment Year 2017-18 Sr. No. Particulars Tax Rates 1 Individual – Male and Female :- NIL Taxable Income upto Rs. 2,50,000 Taxcable income Rs 2,50,000 to Rs 5,00,000 10% Taxcable Income Rs 5,00,000 to Rs 10,00,000 20% Taxable Income above Rs 10,00,000/- 30% … Read more
Annual Filing for Limited Liability Partnership & Private Limited CompanyAnnual filling in Limited Liability Partnership : S.No. Documents e-Form1 Statement of Account & Solvency Form 82 … Read more
The current financial year is going to end on 31 March 2016. For Tax related purposes this date is important. One such is filing pending income-tax returns (ITR). Under the income tax law, if you don’t file your ITR within the deadline (usually 31 July of the assessment year, or AY), you can still file … Read more
(OFFICIAL MEMORANDUM FROM INCOME TAX INDIA) F. No. 312/109/2015-OT Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes Room No. 281, Hotel Samrat Kautilya Marg, Chanakya Puri New Delhi – 110021 Telefax : 011-24101573 Mail – Salil.mishra@nic.in New Delhi, 29th January 2016 OFFICE MEMORANDUM Sub : Issue of refunds – … Read more
Submit Your Income Tax Return on or before 30-09-2015 (LAST UPDATED: 18.09.2015 03:50 PM)Too many Income Tax assessees are in doubt that Last Date of filing of Income Tax Returns i.e 30th Sep, 2015 for the Financial Year 2014-15 or Assessment Year 2015-16 will be enhanced as earlier date 31th Aug, 2015 was enhanced. … Read more
Income Tax Department has started to accept Income Tax Return through EVC (Electronic Verification Code ). It is excellent thought and saves lots of things as mentioned below :- Cost of Paper. Printing Charges. No Need of Printer for filing Income Tax Return. No Need of DSC to verify ITR-V. Postal Cost. No Need of … Read more
General that Income Tax Department charge Late Filing Fee @ 200/- per day. on account of late submission of TDS / TCS returns. But before depositing any Levy of Late Filing Fee on account of Late submission of TDS / TCS return, deductor should read below article. No Need to Deposit Late … Read more
It is a general issue for Income Tax assessee that he has forgotten his e-filing Password. This password is required one time in a year to file Income Tax Return. The assessee who has write down this password anywhere feels free for filing his Income Tax Return. But who has not write down, … Read more
Government has extended the due date for filing of Income Tax Return for Assessment Year 2015-16 to 7th September 2015 from 31st August 2015 for taxpayers who were required to file their tax-return by 31st July, 2015. It has been done considering hardships faced by taxpayer in E-Filing Returns of Income on the last date … Read more