| COLOR,FONT,PAPER SIZE IS MUST IN SAHAJ SUGAM NEW ITR FORMS Posted: 23 Apr 2011 12:59 PM PDT 
Can the forms be used in Black and white format, If no Why not Black and White Format will not be accepted in SAHAJ and SUGAM Forms. It is mandatory for axpayer's to file the required color document. Will formats other than the prescribed format be accepted by Department? No, formats other than the prescribed format would not be accepted by Department. Income... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]  |
| WHY SAHAJ SUGAM INTRODUCED -FEATURES OF NEW FORMS Posted: 23 Apr 2011 01:01 PM PDT 
Why are the forms being Modified – Key Imperatives? Centralized Processing Center's have been set up all over the country with the primary objective of processing returns on a bulk processing basis instead of case by case Processing. CPC would be the fulcrum of faster processing and world class Taxpayer Services. The automated environment at CPC requires forms to be designed in... ...... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]  |
| No service Tax if payment made before 01.07.2010 Construction of Complex Services Posted: 21 Apr 2011 11:39 PM PDT 
ST : Clarification regarding Liability of Service Tax under the category "Construction of Complex Services"TRADE NOTICE NO. 1/2011, DATED 15-2-2011, ISSUED BY CENTRAL EXCISE COMMISSIONERATE, PUNE-III "Construction of Complex Services" is defined as:-Section 65(105)(zzzh) of the Act defines the taxable service as 'any service provided or to be provided to any person, by any other person'... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]  |
| Who can use SAHAJ?Who cannot use SAHAJ? Posted: 21 Apr 2011 11:52 PM PDT 
1.what is SAHAJ SAHAJ is the newly designed ITR-1 which replaces SARAL Income Tax Return. It is the most modern technology enabled Tax Payer Friendly Form. 2.Who can use SAHAJ?This return form is to be used by the Individual whose total income for the assessment year 2011-12 includes income from salary/pension:or Income from one house property(excluding where loss brought... ...... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]  |
| RBI cautions banks on e-banking Posted: 20 Apr 2011 06:22 PM PDT 
The Reserve Bank of India (RBI) had cautioned banks that though e-banking as a new technology has many capabilities, it also has many problems and users are hesitant to use the system. "The use of e-banking has brought many concerns from different stakeholders. Everybody's primary concern is security. As more and more people are exposed to the information superhighway, privacy of information... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]  |
| Accounting code for new services added in budget 2011 Posted: 20 Apr 2011 07:41 PM PDT 
ST : Accounting Codes for the taxable services introduced vide the Finance Act, 2011CIRCULAR NO.136/5/2011-TRU, DATED 20-4-2011 Heads of Account under the Major Head "0044-Service Tax" in respect of the new taxable services have been allotted by the Office of the Principal Chief Controller of Accounts, CBEC. 2. Accounting Codes for the purpose of payment of service tax are as... ...... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]  |
| NO RETURN UP TO 5 LAKH ,NOTIFICATION IN JUNE,E FILE & GET REFUND IN ONE MONTH Posted: 19 Apr 2011 10:52 AM PDT 
E-filing has also become necessary in view of the rising refund claims.The government paid Rs.78,000 crore of tax refunds in 2010-11 as against Rs.57,100 crore in the previous fiscal.The income-tax department has been trying to make the refund process faster and efficient by using technology. A refund banker scheme is already in place in the whole of country to ensure taxpayers get refunds... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]  |
| Status of Quarterly TDS/TCS Statement now available by SMS Posted: 19 Apr 2011 11:10 AM PDT 
NSDL is pleased to announce that henceforth, NSDL will send SMS for each quarterly TDS/TCS statement processed at TIN. You just need to quote correct latest mobile number in the quarterly TDS/TCS statement. Status as below is provided in the SMS: Accepted: This status is provided if the statement is accepted by TIN.Rejected: This status is provided if the statement is rejected by... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]  |
| SAHAJ ,SUGAM ON SIMPLE PAPER B/W NOT ACCEPTABLE ????? Posted: 19 Apr 2011 12:03 PM PDT 
As I have informed you earlier that new forms are seems to be machine readable and my guess is correct . New forms are designed for readable through machines so that paper returns can be uploaded in income tax department computer system automatically .But this change is problematic for assessees . Now you can not use these formS(Sahaj and Sugam) after printing it out from your black... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]  |
| Buying /selling House? Taxman is watching & may call You!!! Posted: 18 Apr 2011 07:21 PM PDT 
If you're buying a house, expect a call from the taxman. The income tax (I-T) department has decided to toothcomb property deals that could throw light on irregularities or tax evasion all over the country. Both individual and corporate deals are set to come under the taxman's lens. "We'll review all property deals to find out whether any black money has changed hands and detect tax evasion,... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]  |
Save and Share!
Save Reddit Bookmark
Related Posts :