Tag Archives: filing of income tax return

Press Release dt 4-04-2016:  Release of new functionality to taxpayers to secure their E-filing account -reg The Income Tax Department has from time to time issued advisories regarding the need to avoid phishing emails and to carefully protect the passwords, OTPs and not share them with others. In order to …

I have written many articles on scrutiny assessment by Income tax department. This year I had the opportunity of appearing for scrutiny assessment of salaried employees who had worked for 8 months in India and re-located to USA on employment during the Financial Year 2012-13. These employees, by virtue of …

Income Tax Department has identified non filers who have done high-value transactions during the Assessment  Year 2014-15 (Financial Year 2014-15) and started sending sms, email in batches with effect from 6th Nov 2015. Centralised Processing Cell-Compliance Management (CPC-CM) has carried out data analysis to identified non filers about whom specific information …

  CBDT has notified Income Tax Return (ITR) forms for AY 2015-16. As usual, there are many forms are released. The taxpayers have to correctly choose the relevant form and file the return. Which form to be used? Here is the simplified version.   I am a salaried employee. Which …

  Tax filing for the financial year ending 31st March 2015 has begun. So, I thought of listing out some of the important, but unconventional points in this article. Hope this helps.   Drop box – First and foremost, create an account in dropbox, google drive or similar cloud based …

  31st March is the last day of financial year. This date is significant from tax compliance perspective. Most important deadlines as on 31st March are  listed below. Hope this helps   Service Tax Payment The due date for payment of Service Tax is the 6th of the month immediately …

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 & …

  Mr. Manish is a resident in India since August 2013. Prior to this, he was working for a MNC at USA for 2 years. Out of his savings at USA, he has invested money in NASDAQ stocks and also holds a bank account. Now Mr. Manish is working for …

  India is known for its Information Technology in the world. In the process of selling software to the world, they have also (knowingly or unknowingly) sold a software to Income Tax (IT) department. In return, the income tax department is sending notices to the people!  We can call it …