Due date for filing ITR for FY 2015-16, AY 2016- 2017 Extended to 5th August,2016

Due date for filing ITR for FY 2015-16, AY 2016- 2017 Extended to 5th August, 2016 As per provisions of Section 139(1) of Income-tax Act 1961, Central Board of Direct Taxes extends the due date for filing returns of Income for financial year 2015-16, Assessment Year 2016- 20…

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Why you should file your income tax return by July 31, 2016

Why you should file your income tax return by July 31, 2016 While you can file your personal income tax return even after the due date, July 31, 2016 but you would lose certain benefits if you do so. The due date for filing income tax return for individuals-July 31 - 2016 …

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Five mistakes that delay your income tax re-fund

Five  mistakes that delay your income tax re-fund By Mr. Arjit Gupta ,   MyTaxCafe.com In the era of e-filing, small mistakes lead either to delayed or complete denial of income tax refunds. So, avoid these 5 common mistakes that could lead to delay in refunds. 1. Non e-filing of…

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How to efile Income Tax Return at incometaxindiaefiling.gov.in

How to efile Income Tax Return at  incometaxindiaefiling.gov.in Steps to e­file your income tax return on income tax Department’s online tax filing site ( incometaxindiaefiling.gov.in ) are: Register yourself   To e-file your income tax return, you will have you register on the i…

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New Online Fraud in the name of Income Tax Department

Hi All,  new online fraud.  Today I received a mail where the mail id is correct as admin. rf06@incometaxindiaefiling. gov.in . The logo of income tax department is also there.  The mail states that I am qualified for a refund of Rs. 25,882.19. It further states that in order …

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Income Declaration Scheme 2016- Clarifications..!

Income Declaration Scheme 2016- Clarifications..! CBDT Circular No. 17/2016, Dated: May 20, 2016 [F.No.142/8/2016-TPL] (TPL DIVISION) The Income Declaration Scheme, 2016 (hereinafter referred to as ‘the  Scheme’) incorporated as Chapter IX of the Finance Act, 2016 provides an …

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Income Declaration Scheme 2016- FAQs..!

Income Declaration Scheme 2016- FAQs..! The Income Declaration Scheme, 2016 incorporated as Chapter IX of the Finance Act, 2016 is to come into force with effect from the 1 st  of June, 2016.  The first part of the Tax Payer Education Series of Frequently Asked Questions (FAQs…

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New Form to claim Tax Exemptions by Salaried Employees : Form 12BB

New Form to claim Tax Exemptions by Salaried Employees : Form 12BB E mployers ask their employees to submit income tax investment proofs  along with LTA / HRA proofs. The problem there is no standard format for the same. Each employer has different set of forms and asks for dif…

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