Latest Expert Exchange Queries

GST Demo Service software link: https://ims.go2customer.com
Username: demouser Password: demopass
Get 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) | 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
 
 
 
 
Popular Search: Central Excise rule to resale the machines to a new company :: ACCOUNTING STANDARDS :: articles on VAT and GST in India :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ACCOUNTING STANDARD :: ARTICLES ON INPUT TAX CREDIT IN VAT :: VAT RATES :: VAT Audit :: list of goods taxed at 4% :: TDS :: form 3cd :: due date for vat payment :: empanelment :: TAX RATES - GOODS TAXABLE @ 4% :: cpt
 
 
« News Headlines »
 A tax saver scheme with higher returns
 GST registration mandatory for TDS entities
 Govt rules out extension for filing GSTR-3B returns after December
 Tax department’s e-filing portal out of action for 2 hours
 Use ITR-2 to show salary and capital gains income
  TDS Applicability On Government Contracts Under Gst (Under Section 51 Of The Cgst Act, 2017)
  How to file ITR for FY 2016-17 and all the links you need
 All about E-way Bill under GST
 Good and simple tax: on the GST regime
 Seeks to extend the time limit for filing of GSTR-1, GSTR-2 and GSTR-3
 Good news, find Tax Return Preparers soon at a place near you; 5 things to know

Saral not: Pros to get 20-page form
July, 27th 2006

After Saral became not so easy for the salaried class, its now the turn of self employed doctors, engineers, chartered accountants and other professionals to face the income-tax blues.

The tax returns form for these people has expanded from a five-page affair to a 20-page business. They have been given a breather till October 31 to fill up the new forms, with the government extending the last date from July 31. Experts say while the effort of the government has been to make the income tax returns compact, but in the process they have made it lengthy and cumbersome.

The new forms especially for the non-corporates having business income, is a very lengthy one. In fact, the new forms are detailed asking for lot of information and could be cumbersome for the one filing. People generally prefer simple forms, said Rajiv Tiwari, senior associate, Titus and Company.

However, he said the forms are designed to reveal a greater degree of information to government about the cashflow of taxpayers and could help in higher collections.

Echoing similar views, Ravi Prakash, Principal Consultant, PricewaterhouseCoopers said instead of implementing the forms from this year, the government should have implemented them only from next year. They should have taken some more time and invited comments from the public instead of implementing it this year.

He also wondered as to how a taxpayer who is not required to enclose any document with the return form would make dislosures or notes related to the income computation. Also, he said, one is not required to enclose any tax withholding certificate or Balance sheet/report, alongwith the new return forms.

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

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