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Income Tax - After writing few articles of the intricacies of the E-filing of Tax audit report we are receiving regular queries from various fellow professionals , out of which we have selected some of the common questions which are being answered here for the benefit of other readers and fellow professions....
Read MoreIncome Tax - Lot of people misses the deadline every year due to lack of time or plain laziness. Did you miss it too? In case you have, do not worry, you can still file the belated return. As a tax payer, you are likely to fall under one of these 4 categories. The associated rules and implications are outlined below....
Read MoreIncome Tax - As reported by us that Income Tax Department needs to further strengthen the security of Income Tax e-filing accounts, in our post titled "Income Tax e-filing website hacking : Need of the Hour department has introduced a new option to Change Password for online e-filing account. Under this option Assessee can change the password in ...
Read MoreIncome Tax - When it comes to filing of income tax return, the first thing which comes to everyone’s mind is lot of forms, calculations, paperwork, sections; in short- a lot of confusion. For a layman who is not at all aware of tax provisions, ITR means a year end hassle & for a professional like CA’s, it […]...
Read MoreIncome Tax - 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 Original return. Further, the assessee is required to ...
Read MoreIncome Tax - File Your Income Tax Return by 31st August, 2018 (Last date for persons whose accounts are not liable for audit) For e-filing returns of Income log on to on to https://incometaxindiaefiling.govin Consequences of not filing Income Tax Return on time ♦ Belated return cannot be revised ♦ Fee for late filing under Section 234F: i. [&helli...
Read MoreIncome Tax - Vide its representation requested CBDT that the due date of filing return of income be extended by at least a month from the prescribed date of 31stJuly, 2018 for AY 2018-19....
Read MoreIncome Tax - In the interest of the Taxpayers and the Tax Professionals, we hereby request Your Honour to kindly extend the due dates for filing of returns by at least 2 months, in both the cases, i.e. till 30.09.2018 for non audit cases and 30.11.2018 for audit cases....
Read MoreIncome Tax - Due to technical issues, Aadhaar OTP for e-verification is unavailable. This will be enabled shortly. Taxpayer can use the other options to e-Verify the Returns. ...
Read MoreIncome Tax - ndividuals having income upto Rs. 50 lakhs from salary/single house property/other income (interest etc.) can file Income Tax Return on one page ITR Form No. 1 'SAHAJ' quickly and easily by following these simple steps......
Read MoreShreyasen, & ANR Vs Union of India & ORS (Delhi High Court) - Delhi HC held that that at least for the period till 31.03.2019, the CBDT shall issue an appropriate direction, and also create a platform by amending the digital form of substituting them properly to enable opt out from the mandatory requirement of having to furnish Aadhar Registration or Aadhar li...
Read MorePrasanth Sugathan Vs. Union Of India (High Court Of Kerala At Ernakulam) - Writ Petition (civil) praying inter alia that in the circumstances stated in the affidavit filed along with the WP(C) the High Court be pleased to issue an interim order, directing the respondents to allow the petitioner to file IT returns through e-filing or through Manual Filing without insisting ...
Read MoreMr. Badal Satapathy Vs. The CPIO (Central Information Commission) - It is essential to protect the Confidential Financial Data filed by millions of Tax Payers from falling into wrong hands in the larger public interest. ...
Read MoreThe chambers of Tax Consultant & Others Vs UOI (Bombay High Court) - It was argued that the above decisions were accepted by CBDT and the due date was extended in the respective territories of the High Court’s jurisdiction. Hon’ble HC after considering the above two judgments held that held that it is very unfair that benefit regarding an all India statute is res...
Read MoreAll Gujarat Federation of Tax Consultants Vs CBDT (Gujarat High Court) - By this petition under article 226 of Constitution of India petitioners sought relief by way of writ and prayed before court that due date of filing ITR should be extended upto 30.11.2015. Following relief were sought in this instant writ petition...
Read MoreITBA-ASK Instruction No. 6 - (14/08/2018) - ASK centres under your charge not to accept ITRs for A.Y. prior to AY 2018-19 without verifying copy of notice / order u/s 119(2)(b), 139(9), 142(1), 148, 153A & 153C and applicability of Rule 12 of IT Rules....
Read MoreF. No. 225/242/2018/ITA.II - (26/07/2018) - CBDT extends 'due-date' of filing income-tax return for assessment-year 2018-2019 as prescribed in section 139(1) of the Act, from 31st July, 2018 to 31st August, 2018....
Read MoreNotification No. 16/2018-Income Tax [G.S.R. 332(E)] - (03/04/2018) - CBDT releases Forms Sahaj (ITR-1), Form ITR-2, Form ITR-3, Form Sugam (ITR-4), Form ITR-5, Form ITR-6, Form ITR-7 and Form ITR-V as applicable for Financial Year 2017-18 or Assessment Year 2018-19....
Read MoreF.No: DGIT(S)-3/AST/Processing of CASS Cases/101/2016-17/2 - (07/02/2018) - It is requested that Assessing Officers may be directed to complete all Non-scrutiny cases for processing urgently. Assessing Officers may be directed to refer ITBA ITR- Processing Instruction 1 date 30.03.2017, ITBA ITR- Processing Instructions 2 & 3 date 08.11.2017 to thoroughly understand the pro...
Read MoreCircular No. 01/2018-Income Tax - (10/01/2018) - Since section 143(1)(a)(vi) of the Act is being applied for the first time while processing the returns, it has been decided that before issuing an intimation of the proposed adjustment, initially an awareness campaign would be carried out to draw the attention of the taxpayer to such differences....
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ITBA-ASK Instruction No. 6 - (14/08/2018) -
