All Assessees are now required to file their Returns online except Super Senior Citizens are given option to submit Return in paper mode provided the Computation does not have any income chargeable under head of Profits and Gains from Business or Profession. Changes in the ITR Requirements The New ITR Forms have been notified vide […]
Section 285BA of the Income Tax requires specified reporting persons to furnish statement of financial transaction. Rule 114E of the Income Tax Rules, 1962 specifies that the statement of financial transaction required to be furnished under sub-section (1) of section 285BA of the Act shall be furnished in Form No. 61A. As you all are […]
Get a comprehensive guide on the requirements of ITR filing for A.Y. 2019-20. Understand the changes in reporting income and new filing requirements.
Presentation on Online Application for Lower Rate Deduction Certificate Under Section 195/197 of Income Tax Act, 1961 Section 197(1) [Subject to rules made under sub-section (2A), where, in the case of any income of any person [or sum payable to any person, income-tax is required to be deducted at the time of credit or, as […]
Section 285BA- Requirements, Coverage and Procedure
Electronic verification code means a code generated for the purpose of electronic verification of the person furnishing the return of income as per the data structure and standards specified by Principal Director General of Income-tax (Systems) or Director General of Income‑tax (Systems).’
CA Avinash Rawane Presentation Contains the details as under: Brief provisions of TDS; Step by Step system Processing of TDS Returns by CPC; Slides containing description as to how to File Online e-TDS correction statements; Advantages of Online e-TDS Correction Statements; Changes in the System of Processing of e-TDS Statements;
It contains the followings 1. Changes in Form 3CD as per the revised circular; 2. Details of the Notifications issued by the Department 3. Screen Shots of the Items required to be filled up in Form 3CD; and 4. Comparative Changes in respect of Form 3CD with earlier versions.
I am attaching herewith a Presentation on Income Tax Returns for A.Y. 2014-15 and tax Audit Provisions. The presentation covers the following Topics :- 1. Requirements by the Income Tax Authorities from the Filers; 2. Goals of the IT Department; 3. Statistical Information of the goals achieved;
CA Avinash V. Rawani As we all know finance Minister has presented Union Budget 2012-13 on 16th march in parliament. The budget has made several amendments in direct tax provisions like imposition of TDS / TCS on certain Income and Expenses, Increase in tax Audit limit, Several measure to Curb Black money, Change in Income […]
