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: due date for vat payment :: form 3cd :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ACCOUNTING STANDARD :: TDS :: VAT RATES :: VAT Audit :: empanelment :: TAX RATES - GOODS TAXABLE @ 4% :: ARTICLES ON INPUT TAX CREDIT IN VAT :: Central Excise rule to resale the machines to a new company :: ACCOUNTING STANDARDS :: cpt :: articles on VAT and GST in India :: list of goods taxed at 4%
 
 
Direct Tax »
 Income tax return: TDS refund on capital gains invested needs to be instant
 CBDT holds circular on indirect tax provisions
 CBDT puts on hold circular on taxation of indirect transfer of shares
 CBDT prods officials to meet tax collection targets
 Budget 2017: Direct tax reforms to be gradual than radical, says KPMG
  FM Arun Jaitley may drop tough tax accounting rules
 FM Arun Jaitley may drop tough tax accounting rules
 How to view your TDS through form 26AS?
 Deduction of tax at source Income-tax deduction from salaries under section 192 of the Income-tax Act, 1961
 Banks must furnish information on accounts that have seen deposits over 2.5 lakh: CBDT
 Govt expects direct and indirect tax targets to exceed budget estimates this fiscal

I-T asks e-filers of tax returns to send ITRV by speed post
March, 31st 2014

If you are filing online your Income Tax return, the paper copy of the 'ITRV' should only be sent through "speed post" to the Central Processing Centre (CPC) of the department in Bengaluru.

ITRV or 'Income Tax Return - Verification' form is issued as an acknowledgement to returns filed online.

As part of facilitating better taxpayer services, the I-T department has now changed the procedure and has disallowed sending the paper statements through ordinary post or to a designated post box number.

"This is to ensure that there are no grievances with regard to non-receipt of ITRV at CPC. Even if the document is not received at CPC, the taxpayer will have a documentary proof to show that he has sent his ITRV through post to the CPC," a senior official told PTI.

The Central Board of Direct Taxes (CBDT) has recently said that it was further simplifying the e-filing systems as it was encouraged by the increasing number of taxpayers taking the online route.

The e-filing of returns this financial year saw a jump of 40 per cent as compared to the returns filed during the corresponding period last year.

"We are trying to further simplify the e-filing procedures. Let us see what all can we do. We are progressing very fast on this issue," CBDT Chairman R K Tewari had told reporters recently.

Tewari had said that e-filing is catching up even amongst those people who are not stipulated to file their returns by the way of e-filing.

The per cent composition of such taxpayers was close to 66 per cent, he had said.

In order to weed out the hassle of sending by post a hard copy of e-filed return, the Income Tax department is also planning to bring in the facility of electronic signatures for taxpayers to endorse their bonafides.

The Central Board of Direct Taxes (CBDT), the apex office to formulate policies for the Income Tax department, is preparing to implement the new mechanism by the end of the next financial year in March, 2015.

 
 
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