"No tax on additional interest on EPF money (diff. of 9.5 and 8.5 %)” plus 2 more

---

• No tax on additional interest on EPF money (diff. of 9.5 and 8.5 %)
• SUBMIT RECTIFICATION IN ITR ON LINE NOW AY 2009-10
• Common Errors made while filling Income Tax returns explained

No tax on additional interest on EPF money (diff. of 9.5 and 8.5 %) Posted: 07 Dec 2010 09:16 AM PST The additional quantum of interest on Employees Provident Fund deposits would be exempted from income tax, the Lok Sabha was informed today. The provident fund trustees had on September 15 decided to raise the EPF interest rate by 1% to 9.5 for 2010-11.However as per income tax rules interest on EPF is exempted only upto 8.5 % only .so as per present rule though the interest payable is 9.5% but... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

SUBMIT RECTIFICATION IN ITR ON LINE NOW AY 2009-10 Posted: 07 Dec 2010 08:17 AM PST Department introduces new facility for online submission of rectification request in cases where processing was completed by CPC Bangalore. Please review the guide for common errors to first rectify the return submitted and generate the rectification xml using excel utility (same utility is to be used). Taxpayer can log in My Account-> Rectification-> Rectification upload and follow instructions... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Common Errors made while filling Income Tax returns explained Posted: 07 Dec 2010 08:06 AM PST For AY 2009-10 onwards, E-returns are being processed u/s143 (1) at CPC Bangalore.In some cases, taxpayers have requested for rectification of the intimation u/s 154.In almost all cases it is seen that the rectification can be correctly processed if the Income Tax Return data submitted by the taxpayer is correctly filled and submitted to the Department.With a view to facilitate and automate the... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

You are subscribed to email updates from SIMPLE TAX INDIA-TDS RATE INCOME TAX RATE To stop receiving these emails, you may unsubscribe now.	Email delivery powered by Google
Google Inc., 20 West Kinzie, Chicago IL USA 60610