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: TAX RATES - GOODS TAXABLE @ 4% :: form 3cd :: ACCOUNTING STANDARD :: empanelment :: articles on VAT and GST in India :: list of goods taxed at 4% :: TDS :: VAT RATES :: ARTICLES ON INPUT TAX CREDIT IN VAT :: cpt :: ACCOUNTING STANDARDS :: Central Excise rule to resale the machines to a new company :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: VAT Audit :: due date for vat payment
 
 
News Headlines »
 Filing income tax return to become simpler from next month
 Here's why that big tax refund isn't great news for you
 Filing tax returns to be less painful as government simplifies ITR forms
 Here’s how the new tax provisions will impact you in 2017-18
 Income-tax (3rd Amendment) Rules, 2017
 How you can save tax in the last 2 days of current FY
 6 important income tax rules for individuals which will change from April 1, 2017
 Key changes in income tax rates individuals need to look at from 1 Apr
 Provisional Enrollment under Goods and Service Tax (GST)
 Ten income tax changes that will come in to effect from April 1
 New income tax provisions you need to be aware of

CBDT notifies new e-return forms
July, 25th 2006

The Central Board of Direct Taxes (CBDT) on Monday said that it has notified new set of tax return forms including the one for corporate taxpayers, who would now be required to compulsorily file their return of income electronically.

"The new forms are electronic-friendly and annexure less. We have also consulted the Institute of Chartered Accountants of India and taken their suggestions in designing the forms", the CBDT Chairperson, Ms M. H. Kherawala, told presspersons here on Monday. The CBDT has now come up with a new return Form No 1(for corporate taxpayers), Form No 2 (for non-corporate taxpayers having business income) and Form No 3 (for non-corporate taxpayers not having business income). It has also notified a Form 3B for fringe benefits. The new Forms 1, 2 and 3 substitute the existing Form Nos 1, 2 and 3 and come into force immediately. Ms Kherawala also said that the new return Form Nos 2, 3 and 3B could also be filed in the same manner as corporate tax returns. However, it is optional for the taxpayer to file the return electronically.

The new return forms would be available on the Web Site http://www.incometaxindiaefiling.gov.in. However, the software for electronic filing of tax returns in form 1, 2, 3 and 3B would be available on the same Web Site from the middle of September. To provide some time for the taxpayers to get themselves familiarised with the new forms, the CBDT has extended the due date for furnishing of return of income and return of fringe-benefits for assessment year 2006-07 from July 31 to October 31 in all cases of non-corporate taxpayers (including partners of firms and charitable trusts and institutions).

In the case of individuals and HUFs not having income under the head "profits and gains from business or profession", the due date for filing of return of income would continue to be July 31. For salaried people who have already filed their return, the tax department would go by that return only.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Our Mission

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