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
Latest Expert Exchange
News Headlines »
 5 things you should not forget while filing income tax return
 10 Easy Steps to File ITR 1 Online
 How to e-verify income tax return?
 What to do when you receive a notice from the tax department
 How to use your Form 16
 Which ITR form applies to you for financial year 2017-18?
 Income tax returns filing form-2 released; should you use it? Find out
  Are you planning to file ITR 1 form? here's how to do it Income Tax Return (ITR) filing
 30 LPA-Opening Financial Controller
 ITR form 2 in java release by CBDT for return filing by individuals
 How to file your income tax return using ITR Form-1 Income Tax efiling for AY 2018-19

Ready Reckoner for Tax Planning
February, 16th 2009

Filing of income tax returns
is a civil responsibility of all eligible citizens of the country. However the procedures involved bog down even the
best of professionals.

We at ETIG make an effort to ease the task of filing return of income
(ROI) for our readers. Some of the basic queries and rules that individuals must bear in mind while filing their tax returns are highlighted below.

LAST DATE FOR FILING ROI

For all other assessees who have to get their books of account audited under Income Tax law the last date of filing return of income is Sept 30, 2009, else July 31, 2009.

If individuals file their returns after the last date mentioned above, they will be charged a penal interest at the rate of 1% per month of delay. However, if such a return is filed after March 31, 2010, apart from the penal interest, they will also be liable for a penalty of Rs 5,000

PHYSICAL FILING OF ROI

The return should be filed with the Assessing Officer (AO) who assessed taxpayer in the preceding assessment year or to whom the records have since been transferred. The new assessee should file return to the AO, who has territorial jurisdiction over the residence or the principal place of business of the assessee

FILING OF E-RETURN

An individual having PAN and who has income from salaries but does not have income from 'profit and gains of business or profession' and who is assessed in any of the specified city may, at his option, may furnish his income tax return on internet. However it is compulsory for companies to file electronic returns

ROI OF MINOR CHILD

A minor child is not required to file a separate return of income. However, this income has to be included in the hands of either of the parents, although it might be a small amount of bank interest

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Our Vision

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