e-filing Team for Compliance Management Cell, Income Tax Department has started sending email reminder for those who have not filed income tax return (ITR) for the Assessment Year 2013-14 (Financial Year 2012-13)   Email notice is read like this, “as per our records, it is observed that you have …

  Pursuant to the Budget announcement in July 2014, a special small savings instrument for the welfare of the girl child has been introduced under the Sukanya Samriddhi Account Rules, 2014.   The following tax benefits have been envisaged in the Sukanya Samriddhi Account scheme:-   (i)            The investments made …

The Finance Minister Mr. Arun Jaiteley on February, 2015 presented his second Union Budget in the Parliament.   All substantial proposal made in Finance Bill 2015 have  been legally analysed in this “Guide to Finance Bill 2015”. From TAXMANN Download Guide to Finance Bill 2015 : Budget 2015

  1. Better ticketing facilities: You can now book your tickets four months in advance, as against a period of two months currently. The window for reserved ticket booking will be raised to 120 days versus the 60 days now.   2. No rail fare hike: Prabhu spared passengers from any hike …

  With the aim of clearing the financial and administrative mess in the Railways, Union Railway Minister Suresh Prabhu is all set to present his maiden Railway Budget 2015-16 on February 26. Prabhu has time and again stressed that Railways’ financial health is not good and there is an urgent …

Consequences on Delay in Filing of Quarterly eTDS Return The following is the mail sent out by Central Processing Centre (CPC), Income Tax department about fee charged under Section 234E of the Income Tax Act. The validity of the fee charged under this section was challenged in various courts by …

  Income Tax Department ie Centralized Processing Center (ITD-CPC), Bangalore has started sending final email reminder communication for non-receipt of ITR – V for the assessment year 2013-14. From the past one week, many tax payers have received email from CPC asking them to submit ITR V. [ Recommended Read …

  WhatsApp is one of the best applications to chat with friends. WhatsApp become very popular because it offers many features like sending free SMS, sending and receiving videos ets. For the first time, millions of WhatsApp user can use WhatsApp on their computer or Laptop. WhatsApp application for web is …

  Institute of Chartered Accountant of India (ICAI) declares results of Chartered Accountants  Final Examination held in November 2014 Common Proficiency Test (CPT) held in December 2014.    Pass Percentage as declared by ICAI is shared below                           …

Income tax department started sending reminder notice u/s 245 of Income tax Act 1961. In our other article “Did you receive communication on Arrear Demand Notice u/s 245 from Income Tax Department?” We have explained why CPC has started sending email notice u/s 245″. In this article we tried to explain …