Latest Expert Exchange Queries

Make 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) | 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: empanelment :: due date for vat payment :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ACCOUNTING STANDARDS :: form 3cd :: cpt :: VAT RATES :: ARTICLES ON INPUT TAX CREDIT IN VAT :: Central Excise rule to resale the machines to a new company :: VAT Audit :: ACCOUNTING STANDARD :: TAX RATES - GOODS TAXABLE @ 4% :: list of goods taxed at 4% :: TDS :: articles on VAT and GST in India
 
 
« News Headlines »
 Clarifications on computation of book profit for the purposes of levy of Minimum Alternate Tax (MAT) under section 115JB of the Income-tax Act, 1961 for Indian Accounting Standards (Ind AS) compliant companies.
 Mistakes in filing income tax returns that may get you a tax notice
 Know how you can claim return of income in Form 26 AS case
 What you must know for tax filing this year
 How to file tax return if you have two Form 16s
 10 things you should know about Form 26 AS
 How to file income tax return without Form 16
 How to rectify income tax returns
 Income-tax (21st Amendment) Rules, 2017
 Deadline for filing income tax return nears; here are 10 common mistakes that you must avoid
 All you need to know about form 26AS

New set of Income Tax return forms notified; deadline for filing returns extended to Aug. 31
June, 25th 2015

The Income Tax Department on Monday notified a new set of income tax return forms for the assessment year 2015-16, and has extended the deadline for the filing of returns to August 31.

With the publication of the Gazette order by the Finance Ministry, taxpayers can now file their returns till August 31. The changes to the forms were made public on May 31, but they were notified only on Monday.

The previous deadline for the filing of returns was July 31, but this was extended because of various changes the government made to the return forms.

In the new and simplified forms, filers no longer have to provide the details of their foreign travels. In addition, they need furnish only details about “total number of savings and current bank accounts” held by them “at any time during the previous year [excluding dormant accounts]”.

The most simplified form, ITR-2A, to be filled by those individuals and HUFs who do not have income from business, profession or by way of capital gains and do not hold foreign assets, only asks for the passport number of the tax-filer, “if available”.

With regard to bank accounts, filers only need to provide the IFSC code of their bank and the account numbers of all the current/savings accounts held at any point of time during the previous year. This does not include dormant accounts. In an additional feature, tax filers have been given the option of indicating to which account they would like their refund credited.

In the ITR-2 forms, for individuals and HUFs having income from business or profession, filers will also have to declare if they hold any assets abroad or have any income from any source outside India. Although the notification of the new forms means individuals can begin filing their returns, they were not available on the Department’s e-filing

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Software Work Flow Workflow Software Software Automation Workflow automation Software Design Workflow Design Business Work Flow Workflow automation tools

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