Tag Archives: Income Tax Return

As the due date for filing the Income Tax Return for Assessment year 2015-16 is approaching ie 31st August 2015, please find below certain important points which will be helpful in submitting a correct return and its processing at CPC, Bangalore. Electronic filing of income tax return is mandatory for …

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 …

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 …

  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 …

  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 …

  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 …