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CBDT invite Suggestions on augmenting tax collections
F. No. 401/7/2015-ITCC GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE CENTRAL BOARD OF DIRECT TAXES New Delhi, dated 26th June, 2015 To, – All Principal Chief Commissioners of Income-ta...
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Taxability of transactions in real estate sector
A. Income Tax a) Section 50C: This section states that where an assessee sold an immoveable property (i.e. land or building or both) being capital asset at the sale consideration less than the value (...
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Online Payment of EPF Mandatory with effect from 5th May, 2015
THE GAZETTE OF INDIA : EXTRAORDINARY , [PART II—SEC. 3(i)] MINISTRY OF LABOUR AND EMPLOYMENT NOTIFICATION New Delhi, the 5th May, 2015 G.S.R. 360(E). — In exercise of the powers conferred by section 5...
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No TDS on any income of an Category I and II Alternative investment fund (other than Business Income)
[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB- SECTION (ii)] GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATI...
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CBDT notifies Nature of business relationship with Clients which CA can have
[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART-II, SECTION 3, SUB-SECTION (ii)] GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) (CENTRAL BOARD OF DIRECT TAXES) NEW DELHI...
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Brief details on New ITR Forms
The government has notified four forms for filing of yourn income tax returns which are applicable to Individual and/or HUF. Let us discuss as to which form you need to file? Form No ITR 1: This is al...
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How to select ITR-1 Sahaj, ITR2, ITR 2A & ITR 4S Sugam for A.Y. 2015-16
ITR-1 SAHAJ PERSONS ELIGIBLE TO USE THIS RETURN FORM This Return Form is to be used by an individual whose total income for the assessment year 2015-16 includes:- (a) Income from Salary/ Pension; or (...
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ITR Form – 2A: Practical Aspects
Return Form for assessee: This Return Form is to be used by an individual or a Hindu Undivided Family whose total income for the assessment year 2015-16 includes:- (a) Income from Salary / Pension; or...
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Key changes in ITR forms vis-à-vis earlier forms for AY 2015-16
New ITR forms seek passport no., exempts ‘dormant’ bank accounts & foreign travel details CBDT notifies revised ITR-1, ITR2 and ITR-4S along with new form ITR-2A for A.Y 2015-16; In lieu of foreign tr...
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New e-TDS/TCS Return Preparation Utility Ver. 1.2 released
e-TDS/TCS Return Preparation Utility Ver. 1.2 based on JAVA platform for Regular & Correction Statement(s) from FY 2007-08 onwards released (24/06/2015) Key Features – Return Preparation Utility (RPU)...
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Selection of ITR Form for A Y 2015-16
Assessment Year 2015-16 [Notification No. 49/2015/ F.No.142/1/2015-TPL] , Dated 22nd June, 2015 Sr. No. Form No. Who can File Source of Income 1. ITR – 1 Only Individual 1.Salary2. Only one House Prop...
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Important Changes in ITR 1, ITR 2, ITR 2A & ITR 4S in AY 2015-16
IMPORTANT CHANGES IN ITR 1, ITR 2, ITR 2A AND ITR 4S IN AY 2015-16 AS NOTIFIED IN NOTIFICATION NUMBER 49/2015 DATED 22.06.15:- CBDT has vide Notification No. 49/2015 Dated 22.06.2015 notified Form ITR...
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CBDT Releases ITR 1 & ITR 4S Return Preparation Software for AY 2015-16
Release of Return Preparation Software: Software for preparing ITR 1 & ITR 4S in Java, Excel & Online for AY 2015-16 are now available for e-Filing. ITR 1 & ITR 4S can also be filled and submitted onl...
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ITR 4S –Validation Rules for AY 2015-16
Version 1.0- June 2015 1. Purpose The Income Tax Department has provided free return preparation software in the downloads page as well as facility for online ITR submission for ITRs 1&4S which are fu...
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Section 10(6C) CBDT Notifies Company Dassault Aviation and Thales S.A., Paris
CBDT notifies ITR-1, ITR-2, ITR-2A and ITR-4S to be filed for AY 2015-16 [TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB- SECTION (ii)] GOVERNMENT OF INDIA MINISTRY OF...
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Section 10(6C) CBDT Notifies Company Dassault Aviation and Thales S.A., Paris
[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART-II SECTION 3, SUB-SECTION (ii)] Government of India Ministry of Finance (Department of Revenue) (Central Board of Direct Taxes) Notificati...
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Transfers/ Postings Of ADIT/JCIT in International Tax &Transfer Pricing
The CBDT has vide Order No. 89 of 2015 dated 19.06.2015 ordered the transfer and posting of 59 officers in the grade of Additional and Joint Commissioners of Income Tax in the Directorates/ Internatio...
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Jurisdictional CIT can take decision of not filing appeal in HC on his own
F. No. 279/Misc./52/2014-(ITJ) Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes * * * * * * * * * * * * * * * * * * * New Delhi the 17th June, 2015 To All Pr...
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Issue of appellate order by CIT (A) within 15 days of last hearing
F. No. 279/Misc 53/2003-ITJ Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, the 19th June, 2015 To All Pr. Chief Commissioners of Income Tax Subj...
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Registrar of Companies can file prosecution against Companies defaulting in Payment of Deposits
General Circular No. 09/2015 No. 1/8/2013-CL-V Government of India Ministry of Corporate Affairs 5th Floor, A Wing, Shastri Bhavan, Dr R.P. Road, New Delhi Dated: 18th June, 2015 To All Regional Direc...