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: Central Excise rule to resale the machines to a new company :: cpt :: ARTICLES ON INPUT TAX CREDIT IN VAT :: due date for vat payment :: TDS :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: form 3cd :: articles on VAT and GST in India :: VAT RATES :: ACCOUNTING STANDARDS :: VAT Audit :: empanelment :: list of goods taxed at 4% :: TAX RATES - GOODS TAXABLE @ 4% :: ACCOUNTING STANDARD
« News Headlines »
 India is moving towards a flawed GST
 ICAI to organise two-day international conference in Hyderabad
 Here's how to calculate tax payable on your capital gains
 Income Tax calculations for the financial year 2016-17
 CPE Events 17 October - 22 October 2016
 High Court raps I-T Department for wrong tax demand
  CBDT signs 5 advance pricing pacts with Indian taxpayers
 Finance ministry warns tax officials of action against GST protest
 Big changes for small units under GST
 Parliament’s winter session to begin on November 16 to expedite GST rollout
 Income-tax (27th Amendment) Rules, 2016 - 92/2016

Kathin 2F forms to stay with cash statement
December, 05th 2006

The finance ministry is likely to continue with its four-page 2F income-tax return forms, despite severe criticism from the Parliamentary standing committee on finance.

In its report last week, the standing committee had recommended withdrawal of Form 2F and the cash-flow statements from Forms 2, 2F and 3, all meant for various categories of individual taxpayers and Hindu Undivided Families.

It had also asked the ministry to revert to the earlier one-page Form 2E, called Naya Saral, leaving adequate space for furnishing all details.

A finance ministry official said, While we have taken into consideration the committees report, we do not plan to withdraw Form 2F or change it any way.

Commenting on the new form, the committee had said, Form 2F is quite cumbersome and lengthy and is fit to be called kathin, instead of being an improved version of the earlier Naya Saral Form. The Form 2F, introduced on June 1, aims to replace the earlier one-page Form 2E or Naya Saral for salaried individuals.

The new form as well as the cash-flow statement, the official said, was aimed at primarily making filing returns easier. The statement would help the tax authorities obtain all income-related details without being intrusive, he said.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Achievements

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