New ITR forms for AY 2013-14 to be notified by March-end

Updates: New Forms have been notified, click here to download.

New forms for filing of income tax returns for the assessment year 2013-14 are proposed to be notified by the end of this month.

New ITR for AY 2013-14 Expected to be notified by end of March, 2013“The new forms for filing the income tax returns for the assessment year 2013-14 are proposed to be notified by the end of March, 2013,” Minister of State for Finance S S Palanimanickam said in a written reply to the Lok Sabha.

Every year, the government notifies forms for filing of income-tax returns after incorporating changes brought out by the Finance Act of the previous year and the suggestions received from stakeholders.

Replying to a separate question, the Minister said Rs 97,611 crore in direct taxes and Rs 1,08,081.08 crore in indirect taxes are locked up in litigation.

On steps taken by the Central Board of Direct Taxes (CBDT) to minimise litigation time to ensure early release of the locked-up amount, Palanimanickam said: “In order to facilitate early disposal of appeals pending with ITAT (Income Tax Appellate Tribunal), High Courts and Supreme Court, instructions have been issued to ensure proper and timely representation.”

On steps taken by the Central Board of Excise and Customs ( CBEC) to minimize litigation time to ensure early released of the locked-up amount, the Minister said, “Threshold limit of filing of Departmental Appeals have been prescribed as Rs 25 lakh, Rs 10 lakh, and Rs 5 lakh before the Supreme Court, High Court and Customs, Excise and Service Tax Appellate tribunal respectively.”

The legislative amendments in the Finance Bill, 2013 have been introduced to enhance the monetary limit of cases heard and disposed by single member benches of the Customs, Excise and Service Tax Appellate Tribunal from Rs 10 lakh to Rs 50 lakh, Palanimanickam added.

Replying to a separate question, Palanimanickam informed Lok Sabha that in the searches conducted by the Income Tax department in 2012-13 (up to December 30) seized unexplained assets of Rs 543.5 crore.

In 2011-12 the department had seized unexplained assets of Rs 905.60 crore, while in the previous fiscal that of Rs 774.98 crore were seized, he said.

Updates: New Forms have been notified, click here to download.

Advertisement

24 Responses to “New ITR forms for AY 2013-14 to be notified by March-end”

  1. jennifer
    May 2, 2013 at 3:31 pm #

    penalised for not filling returns on time. Govt should be penalised for not releasing itr 2 ay 2013-14

  2. MAULIK SOLANKI
    April 24, 2013 at 4:43 pm #

    WHEN ITR-4S FORM FOR AY 2012-2014 COME ??

    • thesanyamjain
      April 25, 2013 at 1:27 pm #

      Hopefully with other forms

  3. Jitendra Panwar
    April 24, 2013 at 10:41 am #

    Please Release ITR form before ending of April-13.

  4. kittu
    April 20, 2013 at 3:37 pm #

    waiting for ITR forms

  5. amit chowdhury
    April 19, 2013 at 2:32 pm #

    the govt. still not produce itr forms…………how many year ..we have to wait for releasing itr forms in time…..???

  6. Amit
    April 19, 2013 at 10:44 am #

    Govt must be penalized for loading ITR form late. What about TAX REBATE!

  7. c n hebbar
    April 17, 2013 at 10:17 am #

    ITR forms for A.Y.2013-14 is out sight of IT Dept. When it would be released

  8. Urmila
    April 16, 2013 at 8:08 am #

    Will the govt.wake up and release ITR 2 A.Y. 2013-14 form

    • thesanyamjain
      April 16, 2013 at 12:53 pm #

      I hope they wake up before the ITR filing date lapse… :-)

  9. Urmila
    April 16, 2013 at 8:07 am #

    When will ITR 2 A.Y. 2013-2014

    • thesanyamjain
      April 16, 2013 at 12:53 pm #

      Cant say, keeping eyes on Income Tax Site.

  10. IRFAN ALI
    April 15, 2013 at 8:53 pm #

    Still we have not been provided information when the ITR forms will be available for the AY 2013-14 as already half month has gone away in the new financial year.

    • thesanyamjain
      April 16, 2013 at 12:53 pm #

      This is the prob with Indian Govt. They quickly forget what they say.

  11. Hemant Kumar Sharma
    April 15, 2013 at 5:05 pm #

    Still waiting forms now ending April 2103 also…

    • thesanyamjain
      April 15, 2013 at 5:43 pm #

      yes me too waiting for new forms…

  12. Subhashchandra
    April 15, 2013 at 1:40 pm #

    Subhashchandra —

    Still how many days we have to wait for new Income Tax Return Forms though

    declared at end of March — 2013 ? That shows Govt . is not at all efficient ! ! !

    May I right ?

    • thesanyamjain
      April 15, 2013 at 5:43 pm #

      Can’t Say anything on this but can wait for new forms…

  13. Deepak
    April 13, 2013 at 7:45 pm #

    Still waiting forms now it is almost end April 2103

    • thesanyamjain
      April 14, 2013 at 5:59 pm #

      Everyone is waiting Deepak…!!!

  14. Madhavi
    April 6, 2013 at 10:01 am #

    still waiting for forms!

    • thesanyamjain
      April 6, 2013 at 2:46 pm #

      Everyone is waiting…!!

  15. Dinesh
    April 5, 2013 at 1:51 am #

    March is long gone and April is almost getting on the in full swing and there is no hope for the returns

    • thesanyamjain
      April 5, 2013 at 1:25 pm #

      Yes… Indian Govt never adhere to what it says…

Leave a Comment

Popups Powered By : XYZScripts.com
79 queries in 0.639 seconds.