Latest Expert Exchange Queries

GST Demo Service software link: https://ims.go2customer.com
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft info@binarysoft.com
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
 
 
 
 
Popular Search: VAT RATES :: articles on VAT and GST in India :: list of goods taxed at 4% :: form 3cd :: cpt :: Central Excise rule to resale the machines to a new company :: due date for vat payment :: ARTICLES ON INPUT TAX CREDIT IN VAT :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: TDS :: ACCOUNTING STANDARD :: empanelment :: TAX RATES - GOODS TAXABLE @ 4% :: ACCOUNTING STANDARDS :: VAT Audit
 
 
News Headlines »
  I-T department asks taxpayers to update their information on e-filing portal
  How to check income tax refund status
 GST panel to consult MSMEs in October end to further ease tax rigour
  How to check income tax return status
 Been Served a Notice by the Income Tax Department? Here’s How You Can Respond
 Seeks to amend the CGST Rules, 2017 - 45/2017 - Central GST (CGST)
 Government provides clarity on tax rate
 Processing of returns in Form ITR-I under section 143(1) of the Income-tax Act, 1961
  Filing of Reconciliation return in form 9 for the year 2016-17
  Today is last date for filing GSTR-1 forms for July; govt rules out further extension
 Today is last date for filing GSTR-1 forms for July; govt rules out further extension

Filing Tax Returns Online Sees Slow and Gradual Reception
October, 20th 2014

With no stacking the IT-return acknowledgement forms anymore, no last-minute scramble with auditors or tax consultancies, e-filing has simplified the process of filing tax returns a great deal, feel salaried professionals.

“There was no rush for photocopies / attestations, nor any 'SOS' being sent for gathering more information on 'difficult-to-understand' terminologies. We could file our tax returns and understand what really the process meant - more at an individual level,” felt Anirudh a marketing manager, Lodha Group.

This seems to be the unanimous opinion of a good fraction of the employed who file their returns online without seeking outside help, according to Senapathy an auditor. He felt that the tech-savvy among the salaried professionals went ahead to file their returns online without help” It is easier for them with TDS being deducted every month. They have fewer procedures, thus making it easier. No drastic reduction in those who seek help, but there is a notable rise in those who file returns independently,” he added.

Tax consultancies too found a reduction in the number of salaried professionals who availed their services. Mumtaj from Anbu Tax Consultancy said,” There are several websites that give clear, step-by-step instructions. Relatively young, salaried professionals, who are well-versed with the web, opt to file their own returns online.”

However, not all of them file on their own. Some are apprehensive and would not want to commit mistakes because rectifying them is a cumbersome process, they feel. Mumtaj said that the older tax payers who have all along been used to the normal process depend on agencies and auditors as they were not habituated to the new system.

On the other hand, businessmen for whom filing I-T returns is not as simple, mostly depend on the auditors who manage the accounts. Kirti B, a businessman opines that the auditors, who have a better understanding of his accounts, would know better about the taxes and as a result, file the returns, online or otherwise. Besides, for those under Section 44-AB under the I-T Act, the form has many provisions that requires special knowledge to fill, added Senapathy.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
E-catalogue online catalogue E-brochure online brochure online product catalogue online product catalogue e-catalogue Indi

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions