Here are official updates of IPCC Pass Percentage  of May 2015 examination. The Institute of Chartered Accountants of India (ICAI) has announced that the result of the Chartered Accountants Intermediate (Integrated Professional Competence) Examination (CA IPCC) held in May, 2015  is likely to be declared on Friday, the 31st July, …

  As you may be aware by now that the Centralized Processing Cell (TDS) is informing you of PAN and Challan Errors, through an Intermediate Communication, during processing of Original Quarterly TDS Statements, before Defaults are finally computed and Intimations are generated.   On receipt of the above communication, you are …

Taxpayers filing return of income electronically (without digital signatures) are required to send the signed copy of ITR-V acknowledgement to the CPC, Bengaluru within 120 days of uploading the return. From the Assessment Year 2015-16, an option is given to the taxpayer to file return of income via ‘Electronic Verification …

Income Tax Department has started linking Permanent Account Number (PAN) with the unique identification Number Aadhaar, a step that will eliminate sending ITR – V to CPC. However, Aadhaar Number can be lined only if Name, Date of Birth, Gender as per Aadhaar Card matches with the details as per …

Central Board of Direct Tax (CBDT) Vide Notification No 2/2015 dt 13/07/2015, prescribed detailed procedure for electronic verification ( EVC ) for electronically filed Income tax Return. Department has also released user manual for e-verification of Returns. Here is the detailed step involved in e-Verification of an already uploaded return(Non-Net – NetBanking) 1 Click …

CA Final Exam Results held in May 2015 Both Groups – 8.26% Group I – 11.41% Group II – 16.54% CPT Result – 25.30%                   Details of percentage of candidates passed in the above examination is given below         …

How many persons are required to start a proprietary concern? A sole-proprietorship concern shall be set up by an Individual. If more than one person wants to start a business, they have to choose among other options such as partnership firm, limited liability partnership (LLP) or a company.   Where …

Central Board of Direct Taxes (CBDT) has notified new Income Tax Return (ITR) forms for Assessment Year 2015-16 (means Financial Year ending 31st March 2015). Compared to the forms of the previous year, a few changes have been made in new set of form. We have compiled the key changes …

The government is yet to release the software utility for filing Income Tax return for the financial year ending 31st March 2015 (FY 2014-15). Considering the delay in its release, the due for filing the return is extended to 31st August 2015. (Earlier, it was 31st July 2015). Though there …

This is the tax filing season. Many of you may have queries and doubts about payment of taxes and filing returns. Through a series of articles, we are trying to address the commonly asked questions. Hope this helps.   My company has deducted tax (TDS) and issued form 16. As …