Income Tax Articles

Verification of ITR with Aadhar card introduced

CA SONIYA AGARWAL 24 June 2015 at 11:07

Till now upon E - filing of Income Tax return, we use to send the acknowledgement copy to CPC Bangalore within 120 days by speed or registered post, many a times the acknowledgement copy of ITR does not reach the CPC Bangalore & people used to ge

Key changes in new ITR Forms for F.Y. 2015-2016

Amit Dharmani 24 June 2015 at 11:02

Scrutiny of refurbished return forms for Assessment year 2015-16 I. Introduction to New Rule 12The Rule 12 of the Income-tax Rules was amended vide Notification No. 41/2015, Dated 15-04-2015. The new ITR Forms 1,

Your income tax account online so difficulties offline

CA Umesh Sharma 23 June 2015 at 10:41

Karneeti Part 103Your Income Tax Account Online so difficulties Offline Arjuna (Fictional Character): Krishna, nowadays income tax department is sending email named Online Taxpayer Service to all taxpayer, what is it? Krishna (Fictional Character):

Clause wise discussion of form 3CD- Part 1

CA Mayank Khatri 22 June 2015 at 10:41

Clause 1- Name of the assessee Under clause (1) the name of the assessee whose accounts are beingaudited under section 44AB should be given. However, if the tax audit is inrespect of a branch, name of such branch should be mentioned along withthe nam

Taxation of share of AOP in the hands of companies

CA Santosh Dhumal 22 June 2015 at 10:40

Membership of AOP/ BOI. Section 67Aof Income Tax act 1961 deals with method of computing members share in income of AOP / BOI. As per the Sec67(A). (1) In computing the total income of an assessee who is a member of an association of persons or a bo

An opportunity to file six year ITR to claim TDS

Salil Arora 22 June 2015 at 10:40

An Assessee Can only file return for last 2 years and claim refund if any due and not beyond that. In case he missed to file return within prescribed timeline he has no choice other than to forget his refund claim.Income Tax Department in Latest circ

Computation of TDS in case employee is working under two employer in same year

Sensys Technologies 17 June 2015 at 10:35

Cases where an employee work under two employer in a single financial year Normally an employee is employed under employer during whole financial year and thus no problem arises in deduction of TDS from salary. In this case all information relating t

Hamari Aadhuri Kahani. Non receipt of Income Tax Refund!

CA Umesh Sharma 16 June 2015 at 11:01

Arjuna (Fictional Character): Income Tax Department has issued Circular No. 09/2015 dated 9th June, 2015 regarding income tax refund. Taxpayer wants Refund of excess of Income Tax paid

Requirement of Form 15CA & Form 15CB

srinivasan 13 June 2015 at 16:00

Analysis of Form 15CA & 15CB requirement for payments made for import of goods Back ground of the issueProvisions of Sec. 195(6) of the income tax act got amended by the Finance Act 2015 and it comes into force with effect from 1-6-2015. As per

Features of forthcoming release of TDS/TCS

VARUN BEDI 13 June 2015 at 14:26

It is proposed to release new version of NSDL e-Gov TDS/TCS � Return Preparation Utility (RPU) and File Validation Utility (FVU) tentatively on 19th June, 2015. Details of which are given below:- 1. Return Preparation Utility (RPU)�