“Pay Taxes with Fine” – Notice to Government Employees Since the amount deducted from the government employees was not transferred to the Income Tax department properly, the government has now sent notices to employees to pay income taxes with penalty. Not surprisingly, the government employees are not happy about it. Employees with annual salary of more than Rs. 2 lakhs … [Read more...] about “Pay Taxes with Fine” – Notice to Government Employees
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E-Filing of Income Tax
Extension of last date for filing of Income Tax Returns – Extended upto 5th August
Extension of last date for filing of Income Tax Returns – Extended upto 5th August Last date for filing of Income Tax Returns extended to August 5 The government on Wednesday extended the last date for filing of income tax returns by five days to August 5. The due date,which was July 31,has been extended in wake of “unprecedented surge” in number of I-T returns being … [Read more...] about Extension of last date for filing of Income Tax Returns – Extended upto 5th August
July 31 is the Last Date to File the Income Tax Returns
July 31 is the Last Date to File the Income Tax Returns July 31 is the last date to file the tax returns for individuals. Here are some information that might be useful for filing tax returns: • Should those with income below the taxable limits also file the tax returns? Individuals with separate income and Pan card need not file tax returns. But, it is better if they do it. … [Read more...] about July 31 is the Last Date to File the Income Tax Returns
Income Tax Structure further needs to simplified – Ms. Nirmala Sitharaman
Income Tax Structure further needs to simplified - Ms. Nirmala Sitharaman Ms. Nirmala Sitharaman, Minister of State for Finance said that tax structure needs to be further simplified so that it is easy for tax payers to comply and pay off the tax due from them. She said that the citizens want to become lawful compliant rather than tax evaders. Ms Sitharaman was delivering … [Read more...] about Income Tax Structure further needs to simplified – Ms. Nirmala Sitharaman
Income Tax Department Cautions the Public about Phishing Emails
Income Tax Department Cautions the Public about Phishing Emails The Income Tax Department has asked the general public to not fall prey to the fraudulent emails that are being circulated regarding new tax guidelines. In its press release dated 15.07.2014, the Income Tax Department has said the following – A number of taxpayers have received emails advising them to … [Read more...] about Income Tax Department Cautions the Public about Phishing Emails
Representative Assessees of Non-Residents and in the Case of Private Discretionary Trusts
CBDT Relaxes Compulsory E-Filing of Return of Income for Assessment Year 2012-13 - for Representative Assessees of Non-Residents and in the Case of Private Discretionary Trusts Rule 12 of the Income-tax Rules, 1962 mandates that an individual or Hindu undivided family, if his or its total income or the total income in respect of which he is or it is assessable under the Act, … [Read more...] about Representative Assessees of Non-Residents and in the Case of Private Discretionary Trusts
Due Date of E-Filing of Income Tax Returns for Assessment Year 2012-13 Extended up to 31st August, 2012
Press Information Bureau Government of India Ministry of Finance 31-July-2012 17:17 IST Due Date of E-Filing of Income Tax Returns for Assessment Year 2012-13 Extended up to 31st August, 2012 On consideration of the reports of disturbance of general life caused due to failure of power and further in consideration of the fact that the e-filing of returns for a specified … [Read more...] about Due Date of E-Filing of Income Tax Returns for Assessment Year 2012-13 Extended up to 31st August, 2012
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