In exercise of the powers conferred by section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules, 1962, namely:— 1. (1) These rules may be called the Income-tax (3rd Amendment) Rules, 2013.

In this article we are discussing which ITR should be filed online with Digital Signature Mandatorily and for which only ITR online Filing   is although mandatory but filing with Digital Signature is not mandatory. A Return can normally be filed / furnished in following modes :-  (i)  furnishing the return in a paper form; (ii)  [...]

In the below article we will discuss the Applicability of ITR 1 ,2,3, 4, 4S for Assessment year 2013-14 i.e. FY 2012-13. In other words which ITR is applicable to whom for A.Y. 2013-14. APPLICABILITY OF ITR-1 FOR ASSESSMENT YEAR 2013-14 /FINANCIAL YEAR 2012-13 1.   Who can use this Return Form This Return Form is [...]

Mandatory e-filing of return if income exceeds Rs. 5,00,000 or assessee claims relief U/s. 90, 90A or 91 CBDT has vide notification No. 34/2013 dated 01.05.2013 has made it mandatory for the following category of the Assesses to file their Income Tax Return Online from A.Y. 2013-14 :- (a)  It is mandatory for every person [...]

CBDT has vide Notification No. NOTIFICATION NO. 34/2013, DATED 1-5-2013 provided that where an assessee is required to furnish a report of audit under sections 44AB, 92E or 115JB of the Act, he shall furnish the same electronically.  Online filing of following audit reports shall be mandatory in following cases: (a)  Tax Audit report under [...]

In a bid to counter tax evasion, the Finance Ministry is contemplating making it mandatory for individuals and Hindu Undivided Families (HUFs) to report Indian assets and liabilities in income-tax (I-T) return forms. “The government is considering to introduce a new income tax return form that will require individuals to disclose all their assets and [...]

We are providing below the list of 45 Income tax Forms other than ITRs which can filed online on the Income tax E-Filing website namely https://incometaxindiaefiling.gov.in/e-Filing/ . These Forms includes Tax Audit Reports, transfer Pricing Audit Reports, MAT Computation Report, Special Audit Reports , Audit Reports which are required to be submitted to claim exemption [...]

How to file a revised Income Tax Return? Answer:The process of filing a Revised Return is the same as filing an Original Return. The ONLY difference is that in the Excel utility (Return Preparing Software), you need to select the ‘Revised’ return option and provide the Original e-Filing Acknowledgement number and Date of filing the [...]

Article deals with FAQ related to Rectification of errors in case of return filed online. The article explains about how to file Rectification request, what if you get error in filing rectification u/s 154, What if demand been wrongly raised or refund been processed at lesser amount.

Can a Chartered Accountant (CA) file Income Tax Return on behalf of the Company? Answer:  No. The person authorized by the company to file the Income Tax Return, can e-File the Income Tax Return of the company. Can a Chartered Accountant (CA) file Income Tax Forms like Audit Forms on behalf of the taxpayer? Answer: [...]