Income Tax : It has been proposed under the IT Circular 3/2009 that if the return is electronically furnished under a digital signature, the ta...
Income Tax : What is an ITR-V? ITR-V stands for ‘Income Tax Return – Verification’ form. This form is received when you e-file wit...
Income Tax : CBDT has released the ITR forms, ITR V and acknowledgement and has made major changes. Here, I’m discussing ITR V and acknowledg...
Income Tax : It is very important to know the status of income return filed online as if the same is not received by the CPC- bangalore then we...
Income Tax : By now, many of you would have filed several tax returns of your clients or your own companies or even your own returns. It has be...
Income Tax : Learn who can file ITR-7, how to file it, required information, and mandatory schedules. Detailed guide for assessees under variou...
Income Tax : CBDT has vide notification No.16/2018 dated: 03rd April 2018 released ITR-1 SAHAJ, ITR-2, ITR-3, ITR-4-Sugam, ITR-5, ITR-6, ITR-7 ...
Income Tax : 1. Please use Ink Jet /Laser printer to print the ITR-V Form. Use of Dot Matrix printer should be avoided. 2. The ITR-V Form shoul...
Income Tax : Taxpayers have appreciated the new initiative of Electronic Verification of the Income Tax Return through Aadhaar linkage and Net-...
Income Tax : There are many taxpayers who have uploaded their Income Tax Returns (without digital signature Certificate) for A.Y. 2012-13 [file...
Income Tax : Verification of tax-returns for Assessment Years 2009-2010, 2010-2011, 2011-2012 2012-2013, 2013-2014 and 2014-2015 through EVC wh...
Income Tax : Notification No. 24/2014-Income Tax S.O.997(E). - In exercise of the powers conferred by section 295 of the Income-tax Act, 1961 (...
Income Tax : Notification No. 2/2012-Income Tax This scheme shall be applicable in cases where return of income has been furnished in,- (i) e...
Income Tax : Notification No. 18/2011 - Income Tax The return of income required to be furnished in Form SAHAJ (ITR-1) or Form No. ITR-2 or F...
Income Tax : PRESS RELEASE NO. 402/92/2006-MC (40 OF 2010) The Central Board of Direct Taxes have extended the time limit for filing ITR-V for...
Central Board of Direct Taxes(CBDT) has notified Income Tax Return Forms (ITR Forms) for the Assessment Year 2018-19 vide notification no. 16/2018 dated 03rd April 2018. Few points to be noted about new ITR are as follows:- 1. Simplified one page ITR Form-1 (Sahaj) can be filed by an individual who is resident other than […]
CBDT has vide notification No.16/2018 dated: 03rd April 2018 released ITR-1 SAHAJ, ITR-2, ITR-3, ITR-4-Sugam, ITR-5, ITR-6, ITR-7 and Acknowledgement- ITR-V for Assessment Year 2018-19 / Financial Year 2017-18 and Same can downloaded in PDF Format (Return Filing Utilities are also expected to be released soon) from the links given below:- Form No. Applicability Download […]
Verification of tax-returns for Assessment Years 2009-2010, 2010-2011, 2011-2012 2012-2013, 2013-2014 and 2014-2015 through EVC which are pending due to non-filing of ITR-V Form and processing of such returns-regd.
1. Please use Ink Jet /Laser printer to print the ITR-V Form. Use of Dot Matrix printer should be avoided. 2. The ITR-V Form should be printed only in black ink. Do not use any other ink option to print ITR-V. 3. Ensure that print out is clear and not light print/faded copy. 4. Please […]
Taxpayers have appreciated the new initiative of Electronic Verification of the Income Tax Return through Aadhaar linkage and Net-banking and the testimonials affirm the user-friendliness and removal of the hassle of sending the paper copy of the ITR-V form to Bengaluru. Taxpayers have also reported that the process of e-verification shortens the time taken for […]
The Centralised Processing Cell (CPC) of the Income Tax Department has started a special campaign where it is reminding those who have filed their income tax returns for the AY 2013-14 without digital signature and have not sent the signed copy of the Acknowledgement to CPC Bangalore, to send the same to CPC Bangalore.
Notification No. 24/2014-Income Tax S.O.997(E). – 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 (4th Amendment) Rules, 2014.
If you are filing online your Income Tax return, the paper copy of the ‘ITRV’ should only be sent through “speed post” to the Central Processing Centre (CPC) of the department in Bengaluru. ITR-V or ‘Income Tax Return Verification’ form is issued as an acknowledgement to returns filed online. You can check the status of […]
There are many taxpayers who have uploaded their Income Tax Returns (without digital signature Certificate) for A.Y. 2012-13 [filed between 1.4.2012 to 31.10.2013] and for A.Y. 2013-14 [filed between 1.4.2013 to 31.10.2013], but have either not filed the corresponding ITR-V or have filed it with the local Income-Tax Office. ITR-V is accepted only at CPC, Bengaluru by ordinary or speed post. Therefore an opportunity is being given to such taxpayers to regularize their Income-tax returns.
CA Members may note that ICAI has received a letter from Directorate of Income-tax (Systems) requesting it to impart information regarding correct procedure of e-filing of returns. The following are the major concerns of the Department:- a) ITR-V is not received or is belated for the assessment year at CPC b) ITR-V is not signed by the tax payer
