| Income Tax Return Compulsory if Gross Total Income More than Exemption Limit Posted: 27 Jul 2010 08:25 PM PDT 
Due date to file Income tax for Non -audit cases for assessment year 2010-11 is 31.07.2010.But many of us has not filed their return And few person have a impression that there is no need to do so If their employer has deducted the TDS from Salary Income or their taxable Income is less than the exemption limit after taking the benefit of Section 80C to 80U benefit. But leagal position is different.As per section 139(1) proviso ,income tax return is to be filed if person gross total income... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]  |
| CHECK YOUR ITR-V/ E FILING PROCESSING STATUS ONLINE Posted: 27 Jul 2010 07:57 PM PDT 
Dear Friends, As I have updated you earlier that Those assessees who have filed their Income Tax return online(e filing ) without digital signature have to furnish the ITR-V form within 30 days from date of uploading of the Income tax return (xml File) to the Central processing cell at Bangalore .Further Income Tax deptt has issued Press release that ITR -V should only be send through ordinary post only and speed post, registered post and courier will not be received... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]  |
| HOW CAN I KNOW (PRINT ITR-V) AFTER E FILLING Posted: 27 Jul 2010 07:55 PM PDT 
I HAVE FILLED MY RETURN THROUGH E FILLING SYSTEM BUT THE CONNECTION OF INTERNET WAS DISCONNECTED BEFORE RECEIVING THE ACKNOWLEDGMENT IN FORM -V. TILL I HAVE NOT RECEIVED RETURN ACKNOWLEDGMENT BUT E FILLING PROCESS HAS BEEN COMPLETED SUCCESSFULLY UPLOADED WITH INCOME TAX DEPARTMENT. HOW CAN I GET MY RETURN ACKNOWLEDGMENT. Sudip ghosh. Ans.First of all i would like to point out here that FORM ITR-V is applicable if return is not digitally signed,if you have digitally signed the return... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]  |
| Dos and Dont's for printing and submitting of ITR-Vs to ITD-CPC Bangalore Posted: 27 Jul 2010 07:54 PM PDT 
ITR-V-Incase the e Income Tax return is not digitally signed, on successful uploading of e-Return, the ITR-V Form would be generated which needs to be printed by the tax payers. This is an acknowledgement cum verification form. The tax payer has to fill-up the verification part and verify the same. Please use Ink Jet /Laser printer to print the ITR-V Form. The ITR-V Form should be printed only in black ink. Do not use any other ink option to print ITR V. Use of Dot Matrix printer should be... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]  |
| Tax on Ulips on maturity in DTC -overhang Position? Posted: 27 Jul 2010 07:50 PM PDT 
BEWARE OF AMBIGUITY IN LAW. THIS seems to be the big lesson for the insurance regulator IRDA after its public spat with Sebi over the regulation of unit linked insurance plans (Ulips). So, when finance minister Pranab Mukherjee visited Hyderabad last week, IRDA was quick to pitch for clarity on the tax treatment of pension plans. IRDA has specifically sought tax exemption for pension plans offered by insurance companies in the direct taxes code (DTC) that will replace the archaic income tax... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]  |
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