Tds Tax India

Exemption for Filing of Income Tax Return

2012-05-27T08:02:00.003+05:30

Friends No doubt that Income Tax Department had issued a notification regarding exemption for filing of Income Tax Return. But there are many questions such as who are exempted or who are not exempted for filing of Income Tax Return. To resolve public queries, some common question answers...

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ITR-4 Excel Based Return Preparation Form for Assessment Year 2012-13

2012-05-25T08:20:00.000+05:30

Income Tax department has published ITR-4 Return Preparation Utility for the Financial Year 2011-12 or Assessment Year 2012-13. Earlier only ITR-1 (Sahaj) , ITR-2, ITR-3 or ITR-4 (Sugam) were published. Now ITR-4 form is also ready for submitting Income Tax Return. This form is used for Individuals and HUF's hvaing...

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10 E form for the Assessment Year 2013-14 or Financial Year 2012-13

2012-05-25T07:47:00.001+05:30

The persons who has received any salary arrears in the Financial Year 2012-13 and want to save Income Tax through claiming relief under section 89(1). Easy and Fast calculations are available for generating 10E form for the Assessment Year 2013-14. Only white cell are to be filed and calculator will generate 10E...

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Form 10E or Relief u/s 89(1) for Financial Year 2011-12 or Assessment Year 2012-13

2012-05-24T17:06:00.002+05:30

The persons who has received any salary arrears in the Financial Year 2011-12 and want to save Income Tax while claiming relief under section 89(1). Easy and Fast calculations are available for generating 10E form for the Assessment Year 2012-13. As Income Tax Returns forms are already ready to upload Salary Returns in...

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Central Board of Secondary Education :- 10 th Result will be on 24 th May,2012 at 7:00 PM IST

2012-05-24T17:05:00.000+05:30

As students of X Class through CBSE are waiting for their result which will be declared today. Earlier result was declared at 5.00 P.M., but due to some reason, time has been extended up to 7.00 PM IST. Roll Number and Date of Birth are required to check a result. Address of official website is given as under for students...

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SAHAJ ITR-1- What is New in ITR-1 SAHAJ RPU in Assessement Year 2012-13

2012-05-23T07:41:00.000+05:30

Friends, As Income Tax Department has issued excel based New ITR forms for submission of online income tax returns for the Assessment Year 2012-13. Still all forms have not been published for online submission of Income Tax Return, but form no's ITR-1 (SAHAJ), ITR-2, ITR-3 and ITR-4S (SUGAM) have been...

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Central Excise :-Circular No. 966/09/ 2012-CX Dated 18-05-2012

2012-05-22T07:11:00.002+05:30

Circular No 966/09/ 2012-CX F No 84/1/2011-CX.1Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Excise and Customs New Delhi the 18th May 2012To All Chief Commissioner of Central Excise and CustomsAll Chief Commissioner of Central ExciseAll Director Generals Sir/ Madam Sub: Clarification...

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Correct Password to open ITR-V of any Income Tax Return

2012-05-21T08:24:00.000+05:30

Friends, Yesterday, i have filed my income tax return and faced a problem in opening ITR-V after uploading of ITR form. I mean to say that there is requirement of password to open it. I want to share my problem, so that such type of problem can be removed for everyone. First time I have placed Password = 06021968...

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Exemption from Filling of Income Tax Return

2012-05-18T07:41:00.001+05:30

Friends, Now a days , many persons are waiting for Notification for exemption from filling of Income Tax Return. Without notification nothing is clear like from which Financial Year exemption will be given, having interest income on Saving Bank Deposit will be treated for exemption for filling of Income Tax Return etc. NO...

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Children Education Allowance under section 10

2012-05-18T07:31:00.001+05:30

Friends, As per income tax rule no. 2BB, Exemption regarding Children Education Allowance with extent Rs. 100/- per month per child upto maximum of two children can be availed by an employee on getting Children Education Allowance from his employer.Details rule regarding Children Education Allowance are given as under...

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PF STATUS/PF BALANCE/KNOW YOU EPF BALANCE/KNOW YOUR CLAIM STATUS

2012-05-17T08:20:00.000+05:30

Friends, Earlier EPF balance can be checked zone wise, now State wise offices have been attached. All states have been added with 119 PF offices for checking of EPF online balance. It is excellent idea in the interest of employees that his EPF balance is available online. The EPF balances in the name of following states...

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Latest online Income Tax Return Forms for Financial Year 2011-12 or Assessment Year 2012-13

2012-05-16T07:54:00.004+05:30

Friends, Now excel based SAHAJ ITR-1, ITR-2, ITR-3,ITR-4S forms are available and online return submission for the Financial Year 2011-12 or Assessment Year 2012-13 can be done. Download links for RPU's (Return Preparation Utility) are given as under :- Online Income Tax Return Preparation Software for Assessment...

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ITR (Income Tax Return) R.P.U's and Forms

2012-05-16T07:11:00.000+05:30

Friends, Year wise online excel based return preparation software, manual forms, Due dates, Income Tax Slabs, Income Tax Calculators excel based and others Free calculators links are given as under :- Important Links for Tax PayersFinancial Year Assessment Year ...

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New Income Tax Slab/Rate

2012-05-15T21:45:00.001+05:30

Latest/New Slab of Income Tax(for Individuals and HUF's )To view and download (click here) As a human, it is not possible to remember all Income Tax Rates for all years. There are many reasons for requirement of Income Tax Rates/Slabs for last years like scrutiny, filing of last year Income Tax Returns etc. Therefore...

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Due Dates for May 2012

2012-05-15T09:00:00.002+05:30

Due Date Applicable Law Applicable Form Relevant Provision Obligation 05-05-2012 Central Excise Challan No.GAR-7 Rule 8 (1) Monthly - payment of Central Excise Duties for the previous month - For non SSI Units (6th in case of electronic payment through internet banking) 05-05-2012 Service Tax Challan...

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Who will issue Form No. 16 Part A, Part B, Annexure A and Annexure B

2012-05-15T07:02:00.001+05:30

One of our employees is going to resign within a couple of days (most probably by July 10, 2012). He wants a certificate in Form No. 16 in respect of salary drawn during the financial year 2012-13 (i.e., from April 1, 2012 to July 10, 2012). This certificate he wants to submit to the new...

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Vat Exempted Items

2012-05-13T21:44:00.000+05:30

Under exempted goods category, the empowered committee has listed about 50 commodities comprising of : (a) Natural products; (b) Unprocessed products; (c) Items which are legally barred from taxation; and (d) Items which have social implication. ...

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Refund of VAT (Value Added Tax)

2012-05-13T21:25:00.001+05:30

Refund of Vat Credit of tax paid in inputs/Capital goods is available to the utilised against tax liability which will be calculated on the sale of final product. Vat credit can not be availed if no tax is payable on final product being exempt or taxable at lower rate. Similar situation...

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Value of "Type of Payment codes" 200 or 400 in Challan 281

2012-05-12T09:50:00.001+05:30

Type of Payment codes are very much important in TDS Challan Form No. 281. There are two codes as 200 and 400. Many time it has been observed that depositer deposit TDS in wrong Payment Code which creates problem while submitting TDS returns. I think, every deductor should some time in knowing the value of these codes 200...

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Deposit Dates of e-tds/e-tcs (Don't wait upto 31st May)

2012-05-07T07:43:00.002+05:30

Friends, It is very important to check the deposit dates of e-tds or e-tds. Vide circular no. 41 dated 31/05/2010, deposit date of etds/etcs has been changed to 30th April which was earlier 31st May. Earlier up to the Financial Year 2009-10, TDS/TCS amount which was deducted and credited (not paid) in the Last day of...

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e-tds/e-tds Due Dates w.e.f. 01.04.2010

2012-05-07T07:25:00.000+05:30

TDS/TCS PROCEDURE CHANGED W.E.F. 01.04.2010 Latest Due Dates for submitting e-tds returns and issuing form 16 and 16A Major amendments have been made by CBDT (The Central Board of Direct Taxes) regarding...

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Income Tax-Notification No. 16/2012 Dated 30.04.12 regarding Infrastructure Debt Fund

2012-05-06T07:21:00.001+05:30

INCOME-TAX (FIFTH AMENDMENT) RULES, 2012 - INSERTION OF RULE 2FNOTIFICATION NO. 16/2012 [F. NO. 149/72/2011-SO (TPL)], DATED 30-4-2012In exercise of the powers conferred by clause (47) of section 10 read with 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...

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e-tds- Single Challan for Two Quarters

2012-05-05T09:54:00.002+05:30

Friends, Sh. Yogesh Arora has recently asked me a question regarding single deposit of tds which was deducted from deductor in two quarters. His question is as under :- TDS of two quarters wrongly Deposit in a single Challan instead of two Challans. Question :- I have filed our...

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Mobile:- Vodafone was Warned

2012-05-05T09:00:00.001+05:30

CBDT CLARIFIES "VODAFONE WAS WARNED"PRESS RELEASE, DATED 2-5-2012 A news report has appeared in the Financial Express, Delhi edition, 27th April, 2012 captioned "I-T didn't warn Vodafone of tax burden or dispute deal format". In this regard, the Central Board of Direct Taxes (CBDT) has issued the following clarification:- In this connection,...

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How to install NSDL RPU in Windows 7

2012-05-05T08:15:00.003+05:30

Yes, Now-a-days, Windows 7 is operating systems in new computers. Installation of NSDL e-tds R.P.U. in windows 7 requires some knowledge for installation. A person who knows "Run as Administrator " do not face any difficulty in installation. Two times "Run as administrator" is required for proper...

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