NEW IT FORMS LAUNCHED
This query is : Resolved
Kumar Agarwala
(Querist)
10 July 2007
THE NEW ITR LANCHED BY IT DEPARTMENT, BUT THE NEW FORMS DOES NOT REQUIRE TO ATTACH ANY DOCUMENTS ALONG WITH THE RETURN EVEN BALANCE SHEET IS NOT REQUIRED TO BE FILED WITH THE RETURN AGAIN IN INCOME HEAD ALSO BREAK UP FROM DIFFERENT INCOME CATAEGORY IS NOT REQUIRED TO MENTION IF BALANCE SHEET IS NOT FILED THEN HOW THE CAPITAL WILL BE ASSESSED
13 July 2007
"Though there is no official instruction or circular from the tax authorities that Form-16 or other certificates must accompany the income-tax return, field staff in the Department have not been accepting returns without the enclosures such as TDS certificates and Form-16.
Tax practitioners are of the view that such a cautionary practice by the staff may be because the Department finds it difficult to process the returns in the case of refunds without the TDS certificates.
Speaking to Business Line about the issue, Mr V.K. Subramani, an Erode-based chartered accountant, suggests that assessees may be advised to have the supporting documents on hand to enclose with their tax return if the Department 217;s field staff so demand."
hope this will somewhat clear your doubts....
Tax practitioners are of the view that such a cautionary practice by the staff may be because the Department finds it difficult to process the returns in the case of refunds without the TDS certificates.
Speaking to Business Line about the issue, Mr V.K. Subramani, an Erode-based chartered accountant, suggests that assessees may be advised to have the supporting documents on hand to enclose with their tax return if the Department 217;s field staff so demand."
hope this will somewhat clear your doubts....
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Capital Gail Exemption Certificate
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Transfer of Physical Stock Between Two Proprietorship Concerns
- MSME disclosure and disallowance
- EPF ECR NEW RULES Sep 17th 2026
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
