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: cpt :: Central Excise rule to resale the machines to a new company :: due date for vat payment :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: form 3cd :: ACCOUNTING STANDARD :: ACCOUNTING STANDARDS :: TAX RATES - GOODS TAXABLE @ 4% :: VAT Audit :: empanelment :: ARTICLES ON INPUT TAX CREDIT IN VAT :: articles on VAT and GST in India :: TDS :: VAT RATES :: list of goods taxed at 4%
 
 
Indirect Tax »
 Indirect taxes collection could fall short of target due to GST
 Indirect Tax Collection Under Gst Goes Down By 30 Percent
 What is a belated income tax return and what are its consequences
 Why rejig of financial year could upset your tax planning
 The threat of harsh penalty should not impede tax compliance
 What are the tax exemption limits for allowances, reimbursements paid to employees? Find out
 High-income taxpayers to get priority treatment and extra facilities
 GST input tax credit rules: How taxpayers will benefit from ITC
 More complications in filing income tax returns
 Guidelines for selection of cases for scrutiny during the financial-year 2017-2018
 CBDT asks Income Tax officials to pull their socks up as revenue collection not satisfactory

Send e-return copies to Bangalore centre: Income Tax department to taxpayers
September, 13th 2013

Income Tax department has asked electronic filing taxpayers not having sent their returns copy for the two previous assessment years by post to its centre in Bangalore, to do so early.

It also said that those tax payers who have already posted the corresponding ITR-V to its centre and have not received an acknowledgement for the same for these periods, should post it again.

The department said it would not be able to process refunds and validate their I-T returns if the same is not done in such cases.

The deadline for this task has been set at October 31, 2013.

According to rules, a taxpayer who has filed an e-return without digital signature, has to mandatorily post the corresponding ITR-V printout to the department's CPC in Bangalore by post, failing which the returns are considered invalid.

Taxpayers, according to the latest I-T advisory, should send their ITR-V only by "ordinary post" or by "speed post".

The current advisory is for those taxpayers who have filed their returns for Assessment Year (AY) 2011-12 and 2012-13.

"There are many taxpayers who have uploaded their Income Tax Returns electronically (without digital signature certificate) for AY 2011-12 (filed during FY 2012-13) and ITRs of AY 2012-13 (filed on or after April 1, 2012), but have either not filed the corresponding ITR-V or have filed it with the local I-T office.

"ITR-V is accepted only at the Centralised Processing Centre (CPC) of the I-T department at Bengaluru by ordinary post or speed post. Therefore, a final opportunity is being given to such taxpayers to regularise their I-T returns," the department's advisory said.

All such taxpayers, the advisory stated, "may mail the ITR-V by October 31, 2013 by ordinary post or speed post to Post Bag No.1, Electronic City Post Office, Bengaluru-560100 (Karnataka). Taxpayers who have filed their ITR-V with the local I-T office may again mail their ITR-V to the CPC by October 31, 2013."

Those taxpayers who have sent the ITR-V but have still got no confirmation from the CPC should attempt the procedure (of sending it by post) again.

"Those taxpayers who have earlier mailed their ITR-V but have not received the acknowledgement email from the CPC, may mail their ITR-V to the CPC again," the advisory said.

"Taxpayers may note that no other place or form of delivery will be accepted (at CPC by ordinary post or speed post). Taxpayers may also note that without acknowledgement of the ITR-V from the CPC it would not be possible for the I-T department to process the I-T returns or issue any refunds therefrom, as these would be treated as not having been filed with the department," it said.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - We Bring IT. Offshore software outsourcing company. We use Global Delivery Model (GDM) and believe in Follow The Sun principle

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