Latest Expert Exchange Queries
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) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: VAT RATES :: list of goods taxed at 4% :: empanelment :: articles on VAT and GST in India :: ACCOUNTING STANDARD :: Central Excise rule to resale the machines to a new company :: VAT Audit :: TAX RATES - GOODS TAXABLE @ 4% :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: due date for vat payment :: cpt :: form 3cd :: ARTICLES ON INPUT TAX CREDIT IN VAT :: TDS :: ACCOUNTING STANDARDS
 
 
News Headlines »
 10 ways you get benefited from filing your tax return
 Returns under CGST Act,2017 with Rules
 Ten facts to know about filing income tax return this year
 The Ten Commandments of Tax Filing
 How to claim income tax refund
 How to time your buys to have best of two tax regimes
 Here's why you must always check Form 26AS before filing tax return
 Want to file your income tax return after June 30? Having Aadhaar card is a must
 Timeline for filing of tax returns extended by two months
 Top 5 common mistakes to avoid while filing your income tax returns
 GST rollout on July 1: Deadline for filing tax returns extended

You may face penalty for failure to e-file comm tax returns
October, 27th 2014

The failure to e-file commercial tax returns will now on cost traders dear, with a penalty set to be imposed from November onwards.

Traders with annual transactions between Rs 50 lakh and Rs 1 crore have time till October 30 to file their commercial tax returns. However, they have to file their returns electronically. Those who fail to e-file their returns before October 30 will be liable to pay a fine.

Stating this at an interaction at the Mysore Chamber of Commerce and Industry at the weekend, Joint Commissioner of Commercial Taxes (Administration) Nagarajappa said, so far no fine was being imposed for the failure to e-file tax returns because of a lack of awareness among the tax payers.

Divisional-level campaign to generate awareness and, resolve problems and confusions arising at the time of e-filing was being conducted every month. Steps were also being taken to solve those issues.

Such awareness programmes were being conducted in Mysore followed by Mandya, Chamarajanagar and Kodagu districts, he said, while asking all traders to e-file their returns before October-end.

The traders have to mention their e-mail address, phone number and PAN number. If such data fails to match the digitised records, the department would immediately inform such traders, Nagarappa said.

He said, the e-filing of returns was a precursor to the introduction of the GST which the government proposed to introduce in the coming days. Traders have to submit all details relating to goods, purchase, transport among others utilising the digital system.

Chamber president A S Satish suggested that the members approach the chamber for overcoming problems they faced while e-filing their returns or any advise. FKCCI district co-ordinator Sudhakar S Shetty promised to take up the issues relating to inter-state transport of goods and any other state issues with the FKCCI for a solution.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Portal Design Website Design Portal Designing Website Designing Web Design Professional Portal Design Professional Website Design Professional Web Design Portal Design India Website Design India Portal Designing India Website Designing India Web Design India Professional Portal Design India Professional Website Design India Chicago Professional Web Design New York Professional Web Design California Website Design Florida Website Design New Jersey Website Design Britain UK Website Design London Manchester Website Design

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