Latest Expert Exchange Queries

GST Demo Service software link:
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft
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: list of goods taxed at 4% :: TDS :: Central Excise rule to resale the machines to a new company :: VAT Audit :: form 3cd :: ACCOUNTING STANDARDS :: TAX RATES - GOODS TAXABLE @ 4% :: ACCOUNTING STANDARD :: cpt :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: VAT RATES :: empanelment :: articles on VAT and GST in India :: due date for vat payment :: ARTICLES ON INPUT TAX CREDIT IN VAT
Direct Tax »
 Filing your return may not mean the end of tax issues
 Filing tax return before March 31? Here is what you should do and what not
 CBDT invites suggestions to draft new Direct Tax Law
 Deadline For Income Tax Returns Filing Only 12 Days Away. 10 Points
 Income Tax: E-assessment ensures greater efficiency in the taxation system
 10 Points Deadline For Income Tax Returns Filing Only 2 Weeks Away.
 Income tax returns (ITR) filing: A step by step guide to check your ITR status online and offline
 How to save tax; amazing tips to make your money stay in your wallet Income tax returns (ITR) filing
 Want to save tax? Here are the best options
 Suggestion For Option To Assessee For Higher And Lower TDS/TCS For Optimization Of Tax Collection And Refunds
 CBDT to conduct nationwide review of tax collection for FY18 today

Income tax returns: Crowd at counter shrinks as many take e-route
August, 06th 2012

Manual filing of income tax returns is becoming a thing of the past, as more individuals and Hindu undivided families are opting to file their returns electronically.

Last year 1,63,188 individuals coming under the salaried and business categories filed their returns in the state at counters, only 1,00,908 people have filed their returns till Tuesday. In Chennai, only 62,834 people filed their returns compared to 1,03,553 last year, says figures furnished by the Income Tax department, Chennai . The central board of direct taxes has extended the deadline to August 31.

I-T officials said the drop in number of people filing manually could also be because of two other factors. One, those with annual income of less than Rs 5 lakh have been exempted. Two, those with annual income of more than Rs 10 lakh have to compulsorily file the returns electronically. However, officials add, several people who fall in the Rs 5 lakh to Rs 10 lakh bracket too filed their returns electronically, bringing down the manual filing further, said K Saravanan, income tax officer, Chennai.

"The filing of e-returns is hassle-free , and you don't have to stand in a queue. Moreover, one gets an electronic receipt immediately if all the particulars are filled in properly. It also helps in getting refunds a little faster," says V Ramprakhash, a chartered accountant. There is no problem in submitting proof of investment as most of the exemptions are shown on the salary slip and quoting electronic numbers of the insurance or other receipts in the e-return solves the problem of proof submission, says Ramprakhash.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Outsourcing Test Solutions Software Testing Software Bug Testing Software Issues Tracking Software Issue Fix Software Code Optimization Database Design Optimization

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