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 :: list of goods taxed at 4% :: VAT Audit :: TDS :: ARTICLES ON INPUT TAX CREDIT IN VAT :: due date for vat payment :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ACCOUNTING STANDARD :: ACCOUNTING STANDARDS :: VAT RATES :: articles on VAT and GST in India :: TAX RATES - GOODS TAXABLE @ 4% :: form 3cd :: cpt :: empanelment
 
 
News Headlines »
 Section 35 of the Income-tax Act?
 Notification regarding extension of last date w.r.t submission of closing stock by dealer.
 Integrated Goods and Services Tax (IGST) Rules, 2017 (As on 15.11.2017)
 Central Goods and Services Tax (CGST) Rules,2017 (As on 15.11.2017)
  101st Constitution Amendment Act, 2016
 Pr. Commissioner Of Income Tax-6 Vs. Mccain Foods India Pvt. Ltd.
 Section 10 of the Income-tax Act, 1961
 Income tax returns filing: No tax on gift received from relatives in form of cash
 Income tax returns (ITR): Here is why you need to pay higher tax on other incomes
 GST Update On Issuance Of Debit Notes And Credit Notes
 How Mutual Fund Investments Can Help Save Income Tax

People scramble to file tax-returns
July, 31st 2007
With July coming to an end, taxpayers across the country have joined queues to beat the last date for filing returns.

This year the last date for filing income tax returns for the Assessment Year 2007-08 for salaried and non-audit business cases is July 31.

Income tax centres in parts of the country announced that they had made arrangements to receive "returns" even on the last weekend.

The Income Tax Department's website incometaxindiaefiling.gov.in also now allows for the electronic filing of returns. This site offers a 'return preparation software' that is downloadable, and the chance to "e-file your income-tax returns anytime, anywhere", says the department.

Varying forms - ITR-1, ITR-2, ITR-3 and ITR-4 -- have been made available to individuals and Hindu undivided families of diverse categories.

"In India, the system of direct taxation as it is known today, has been in force in one form or another even from ancient times," says the Income Tax Department, citing examples from the ancient Indian texts of the Manu Smriti and the Arthasashtra.

India's Income Tax Department's history began in 1922, with a law being passed to give a specific nomenclature to various tax authorities.

In 1924, Central Board of Revenue Act constituted the board as a statutory body with functional responsibilities for the administration of the then new Income Tax Act.

World War II brought unusual profits to businessmen, and from 1940 to 1947, Excess Profits Tax and Business Profits Tax were introduced. In 1953, the Indian Revenue Service was constituted.

Over the past few years, tax reforms in India have focussed on lowering of tax rates; withdrawing or reducing major incentives; introducing measures for presumptive taxation; simplification of tax laws (particularly on capital gains) and "widening the tax base".
 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Contact Us

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