CBDT today clarified that the exemption from filing of income tax returns given to salaried person earning upto Rs.5 lakhs was only for assessment year 2011-12 and 2012-13. This exemption was given due to complexity of e filing facing by taxpayers as well as by tax officers in processing through manual entry on system. But […]
Common Mistakes in Filling of Income Tax Return (ITR) Form
Reasons for mistakes in Filing Income Tax Return The accurate and complete filling up of the relevant column or detail in the Income Tax Return (ITR) form is most crucial for correct calculation of income. In case the computation of Income or refund is different than what had been entered or what is expected, please […]
Audit Report to be Filed Online via Income Tax E-Filing
CA Required to File Audit Report Online on New E-Filing Site The Income Tax E filing site is up again, after being down for 6 days from 3rd to 8th November, with some major changes. Audit Report to be Filed Online via Income Tax E-Filing Now CA has separate login facility and they are required […]
Income Tax Return Filing Mistakes & How to Avoid
13 Most Common Mistakes while Filing Income Tax Returns The attention we give to playing Angry Birds is not the same we give the screen while filing out income tax returns. Tax payers wait for the deadline to file ITR and eventually file it in haste, because of which mistakes are bound to occur. Here […]