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Posted On:  2 years ago


How to Request for Resending Intimation Order u/s 143(1)/154

The Income Tax Return are processed once we get copy of order under section 143(1) or copy of rectification order undersection 154. The same is received by Email and most of time we missed out saving the email or accidently delete it. If you require copy of the order you can follow steps as mention and get copy for all Assessment year for which you have filed return online.

article author CA Chirag Chauhan

Posted On:  2 years ago


How to Submit Request for Rectification

There are many time when there are errors in filing the Income Tax Return, may it is tax credit mismatch or any data other than tax needs to be changed. Following are the steps to be followed at the time of rectification

article author CA Chirag Chauhan

Posted On:  2 years ago


How to Upload Income Tax Return Online

Filing of income Tax Return is very easy and convenient as all you need is internet connection and create an online account. Following are the steps to follow for filing Income Tax Return Online. You can visit link http://incometaxindiaefiling.gov.in/

article author CA Chirag Chauhan

Posted On:  2 years ago


How to Request for Refund Re-issue (in case of refund failure)

Many times refund issue is not encased because of bank account number mismatch or refund cheque getting stale. You can always apply for refund again from your online account and get it within few days. The article gives you step wise instruction on how to request for refund re issue.

article author CA Chirag Chauhan

Posted On:  2 years ago


Online PAN Verification – How to verify PAN card online ?

By using the Online PAN Verification facility, one can know/verify the Permanent Account Number (PAN). This facility is referred to as "PAN Verification" or "Know Your PAN". Any user can check the validity of pan card and cross check with department records.

article author CA Chirag Chauhan

Posted On:  2 years ago


How to reduce tax liability through HUF?

In this article we will discuss how to reduce the Tax Liability using HUF. As it is a separate legal entity in the eyes of Income Tax Act.

article author CA Kapil Goel

Posted On:  2 years ago


Received Notice for 26QB Statement not yet filed for Purchase of Property? How to reply and FAQ

As per Finance Bill of 2013, TDS is applicable on sale of immoveable property wherein the sale consideration of the property is equal or exceeds or to 50,00,000 (Rupees Fifty Lakh). Sec 194 IA of the Income Tax Act, 1961 states that for all transactions with effect from June 1, 2013, Tax @ 1% should be deducted by the purchaser/buyer of the property at the time of making payment of sale consideration. Tax so deducted should be deposited to the Government Account through any of the authorized bank branches.

article author CA Chirag Chauhan

Posted On:  2 years ago


Instructions for SAHAJ Income Tax Return AY 2016-17

These instructions are guidelines for filling the particulars in this Return Form. In case of any doubt, please refer to relevant provisions of the Income-tax Act, 1961 and the Income-tax Rules, 1962.

article author CA Chirag Chauhan

Posted On:  2 years ago


Why you should file your Income Tax Returns? Benefits of Filing Income Tax Returns

Most of the individuals who are non-filer of Income Tax Return are scared of filing of return thinking income tax department will track them and later send notices which will create trouble for them. Let me tell you, this is the myth. Income tax department never harass genuine tax payers. Other reason for non-filing are, “my employer has deducted tax at source on the salary income received by me hence I don't need to file my income tax returns. The Lazy one says “The deadline for filing tax returns is far away, why bother now.” If everyone follows the law and file return on time it has many benefits which are highlighted as follows

article author CA Chirag Chauhan

Posted On:  2 years ago


Download Income Tax Return form for Financial Year 2015-16 Assessment Year 2016-17

Every year Income Tax Form are released in Month of May. This year government has taken positive step in enabling forms in month of April itself, giving no room for extension of deadline to file your income tax returns. We Indians always wait till last minute to file the returns, let not repeat the same mistake we did last year, let us file much before time to avoid last minute rush and miss out on any deduction or exemption

article author CA Chirag Chauhan

Posted On:  2 years ago


India Introduces New E-Waste (Management) Rules

The Ministry of Environment, Forest and Climate Change has notified the E-Waste (Management) Rules, 2016 ("Rules 2016") in supersession of E-Waste (Management and Handling) Rules, 2011 ("Rules 2011"). The Rules 2016 will be effective from October 1, 2016.

article author One Roof Consultant

Posted On:  2 years ago


No payment of TDS by Non-resident on income not taxable in India-M/s. Sesa Resources Ltd. Vs DCIT UOI

Whether on the facts and in the circumstances of the case and in law, the ITAT was justified in upholding disallowance u/s 40(a)(ia) in respect of non-deduction of tax at source on payments of commission to non-resident sales agents, when it was clear from the provisions of the Act as also Circulars issued by the CBDT that the relevant amounts were not chargeable to tax under the Income Tax Act, 1961, in the hands of the non-resident recipients?

article author CA Chirag Chauhan

Posted On:  2 years ago


Notification of CBEC for exempting 10 type of Government service from Service tax - April 2016

G.S.R.….(E).-In exercise of the powers conferred by sub-section (1) of section 93 of the Finance Act, 1994 (32 of 1994), the Central Government being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue)

article author CA Chirag Chauhan

Posted On:  2 years ago


Special provision in respect of certain industrial undertakings in North- Eastern Region; section 10C of income tax act,1961

What were benefits of setting up unit in north-eastern region as per section 10C of Income tax act,1961 ?

article author CA Nikesh Sheth

Posted On:  2 years ago


Special provisions in respect of newly established hundred per cent export-oriented undertakings (Section 10B)

This article provides for Income tax provisions as to export oriented units under section 10B

article author CA Nikesh Sheth

Posted On:  2 years ago


Special provisions in respect of newly established Units in Special Economic Zones (Bare act section 10AA)

What are benefits of setting up Special Economic zone as per section 10AA of income tax act,1961 as updated with finance act 2015

article author CA Nikesh Sheth

Posted On:  2 years ago


Interest Payable on Refund adjusted against demand: SC CIT, Delhi-II Vs M/S. Jyotsna Holdings (P) LTD.

Where amount refundable to assessee was not immediately refunded but adjusted against demand for earlier assessment year, interest on said refund was to be allowed SC CIT, Delhi-II Vs M/S. Jyotsna Holdings (P) LTD.

article author CA Chirag Chauhan