Income tax department has issued the Income tax return for FY 2016-17 i.e. for AY 2017-18 well on time and same can be downloaded for filling ITR for period 1st April 2016 to 31st March 2017. For Financial Year 2016-17 department has merged the different ITR and numbering of ITR has been changed and after… Read More »
CBDT through Notification no F.No.279/Misc/M-63/2017-IT dated 31st May 2017 has extended the last date of submission of Form 61A for Statement of Financial Transaction (SFT) to 30th June 2017. SFT is required to be submitted for FY 2016-17 i.e AY 2017-18. In case of non compliance of rule 114E penalty of Rs 100 per day of… Read More »
Income Tax Department has issued the new Income Tax return form 1 (ITR 1 Form) for the financial year 2016-17 i.e. for AY 2017-18 for year ending 31st March 2017 and tax payers can file their Income Tax return on time, as previously tax payers used to complaint the income tax department has issued the… Read More »
ITR-1 Form: SAHAJ—Income Tax Return Form for Salaried Persons The SAHAJ ITR-1 form is an essential Income Tax Return form for Indian citizens filing their tax returns with the Income Tax Department. The Income Tax Act, 1961, and the Income Tax Rules, 1962, obligates citizens to file returns with the Income Tax Department at the end of every financial year. These returns should be filed… Read More »
Online Filing Charitable Trust Income Accumulation Option under section 11(1)-(2) by filing electronic Form 9A-10 under DSC-EVC-CBDT Notification-3/2016 Charitable Trust Income Accumulation/ Set Apart Option u/s 11 to be exercised electronically under DSC or EVC Section 11 of the Income Tax Act 1961 envisages two situations when the threshold of 85% application could not be… Read More »