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Software for preparing ITR 1 & ITR 4S in Java, Excel for AY 2015-16 was released on 23/06/2015 and e-Filing enabled for the same. Now, software for preparing ITR 2 & ITR 2A in Java, Excel for AY 2015-16 has been released and these returns can also be e-Filed. ITR 1 & ITR 4S can also be filled and submitted online after logging to the e-Filing website.

CBDT has notified ITR 1, ITR 2, ITR 2A & ITR 4S for AY 2015-16 and amended Rule 12. These forms will substitute the previously notified ITR 1, 2 and 4S forms

CBDT vide Order u/s 119 extended the due date for filing return of income for AY 2015-16 for certain classes of taxpayers from 31st July, 2015 to 31st August, 2015.

The Online Correction functionality is now enabled for TDS Statements prior to FY 2012-13 also (Financial Year 2007-08 onwards), provided at least one correction for the relevant statement has been processed by CPC (TDS)

Tag/Replace Challan has been enabled on TRACES

Deductor can close all those demands which are not generated by TDSCPC through Tag/Replace Challan

The Refund functionality is now enabled on TRACES under 'Statement / Payment -> Request for Refund'

Deductor can submit Refund request only with a valid Digital Signature registered on TRACES for Authorised Person

Tax payers can make payment of demand raised by CPC - TDS against TDS on Sale of Property has been enabled on TIN-NSDL . You can make payment by entering PAN of Seller, PAN of Buyer, Acknowledgement Number, Assessment Year

Details of manual and processed demands based on financial year are now available through a link on TRACES deductor dashboard

Version of Forms DPT-3, 4LLP, CRA-2, MSC-3 and FC-1 are modified w.e.f 7th July 2015. You are requested to plan accordingly.

MCA has Introduced a new Integrated Incorporation Form: INC-29

Section 119 of the Income-tax Act, 1961 - Income-tax Authorities - Instructions to subordinate authorities - Condonation of delay in filing refund claim and claim of carry forward losses under section 119(2)(b). View More

Procedure for Response to Arrear Demand By Taxpayer And Verification and Correction of Demand by AOs-Regarding. View More

Requirement of tax deduction at source in case of corporations whose income is exempted under Section 10(26BBB) of the Income-tax Act,-Exemption thereof. View More

Capital gains in respect of units of Mutual Funds under the Fixed Maturity Plans on extension of their term. View More

Clarification regarding 'Amounts not deductible' under sub-clause (i) of clause (a) of section 40 of Income-tax Act['Act']-regarding View More

Chargeability of Interest under Section 234A of the Income-tax Act, 1961 on self-assessment tax paid before the due date of filing of return of Income-regardign View More

Explanatory notes of the provisions of the finance (No.2) ACT, 2014 View More

Clarification regarding Explanation 5 to clause (i) of sub-section (1) of section 9 if incoce-tax Act, 1961 ('Act')- regarding View More

Section 48 of the Income-tax Act, 1961 - Capital gains - Computation of - Notified cost inflation index u/s 48, Explanation (v)

In exercise of the powers conferred by clause (v) of the Explanation to section 48 of the Income - tax Act, 1961 (43 of 1961), the Central Government hereby makes the following further amendment s in the notification of the Government of India in th e Ministry of Finance (Department of Revenue), Central Board of Direct Taxes , published in the Gazette of India, Extraordinary, vide number S.O. 709(E), dated the 20 th August, 1998, namely View More

In exercise of the powers conferred by item (h) of sub-clause (iv) of clause (15) of section 10 of the Income-tax Act

In exercise of the powers conferred by item (h) of sub-clause (iv)of clause (15) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby authorises the entities mentioned in column (2) of the Table given below to issue, tax-free, secured, redeemable, non-convertible bonds during the financial year 015-16, aggregating to amounts mentioned in column (3) of the said table, subject to the conditions, namely :- View More

In exercise of the powers conferred by sub-sections (1) and (2) of section 85 of the Black Money

In exercise of the powers conferred by sub-sections (1) and (2) of section 85 of the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 (22 of 2015), the Central Board of Direct Taxes with the approval of the Central Government hereby makes the following rules, namely View More

In exercise of the powers conferred by sub-section (1F) of Section 197A of the Income-tax Act, 1961 (43 of 1961)

In exercise of the powers conferred by sub-section (1F) of Section 197A of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies that no deduction of tax under Chapter XVII of the said Act shall be made on the payments of the nature specified in clause (23FBA) of sSection 10 of the said Act received by any investment fund as defined in clause (a) of the Explanation 1 of section 115UB of the said Act. View More

Income-tax (Ninth Amendment) Rules, 2015.

In exercise of the powers conferred by section 295 read with sub-clause (viii) of Explanation to sub-section (2) of section 288 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 View More

Income-tax (8th Amendment) Rules, 2015.

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 View More

Electronic Verification Code (EVC) for electronically files Income Tax Return

Electronic Verification Code (EVC) for electronically files Income Tax Return View More

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