The last thing a taxpayer expects is any sort of communication from the Income Tax department! But one should remember that information from Tax department needn’t necessarily be a Notice or a Notice needn’t necessarily be asking you to appear or pay taxes. In this article, we have written about …

My mail box is full of communication from Income Tax department. Of course, it is my profession, so I get the mails sent by the department to our clients. Believe me, reading and understanding the ‘intimations’ is a big task. Look at the following types of letters you may get …

Article deals with frequently asked question(FAQ) related to CPC Communication, Processing of Income Tax Return by CPC, Filing of Rectification Application, Intimation u/s 143(1), Rectification order U/s. 154, non consideration of TDS, Advance Tax/self-assessment tax, adjustment of refund against old demand etc. Which return will be processed if Original & …

The facility to provide Grievance relating to the CPC is made available to the assessee in the e-Filing portal. After Login, select Helpdesk –> Submit Grievance–> CPC then from the drop down select Assessment Year, category and sub category of the grievance. Similar facility for grievance relating to e-Filing can …

Recently one of my friends was shocked to see outstanding income tax demand appearing in e-Filing portal of the income tax department, though according to him, entire tax dues are paid.    ‘Oh Mind, Relax please!’ is the title of a book written by Swami Sukhabodhananda. If you are an …

  The Institute of Chartered Accountants of India, with a view to update the members and other stakeholder at large about GST, has launched a Background Material on GST. The material covers various topics like concept of GST, its pros and cons, its feasibility & impact in India, challenges for …

Similar to Ombudsman for banking services, the income tax department has its own ombudsman. Ombudsman is an official appointed to investigate the complaints of taxpayers against Income Tax department. So, he acts in an independent capacity to resolve the issues raised by the tax payers.   Who can approach Ombudsman?  …

  Permanent Account Number is basically a method of identifying a taxpayer on the computer system through a unique All-India number so that all information relating to that taxpayer, e.g. taxes paid, refunds issued, outstanding arrears, income disclosed, transactions entered etc. can be linked to him through the computer system. …

  Refer to our earlier article on Company law settlement scheme 2014 (CLSS – 2014), introduced by Ministry of corporate Affairs vide general circular No 34/2014   on 12-08-2014 further extension circular dated 15-10-2014 which was to end on 15th Nov 2014. I have come across many business owners who had incorporated company …

  Do you know that only company incorporate under company Act, can use the words “Limited” or “Private Limited”. As per sec 453 of Company Act 2013, any person who carry on business under any name or title of which the word “Limited” or Private Limited” and if it is …