Income Tax News

Couldn't file return? Don't panic

28 July 2008 at 11:51

Those who had their tax deducted at source can file it till March 31, 2010. The last date to file your income-tax return is just three days away.

Posted in Income Tax | 1 comments | 16140 Views

If you don't attach annexures forget tax refunds for 2-3 yrs

28 July 2008 at 11:46

The taxman is a tough nut to crack. DNA had on May 27 reported (Mr Chidambaram, look what your taxmen are up to) that the Income Tax office at the Bandra-Kurla Complex had been insisting on salaried individuals

Posted in Income Tax | 11742 Views

Online tax payment sansnet banking a/c? Possible

25 July 2008 at 12:04

Taxpayers may know by now — one can avoid the queues at bank counters by paying taxes online. Taxes can be paid from the comfort

Posted in Income Tax | 1 comments | 8142 Views

A dummy's guide to filing tax returns

25 July 2008 at 11:55

A dummy's guide to filing tax returns With just seven days left to file tax returns, many are spending sleepless nights trying to figure their way through financial jargon and endless paperwork.

Posted in Income Tax | 24135 Views

TRPs, your IT returns helpers, aren't doing too well

25 July 2008 at 11:47

Ever heard of TRPs? Not television rating points, but tax return preparers? Well, if you haven't, join the club. A year after the income-tax department introduced the concept of TRPs to help ordinary taxpayers

Posted in Income Tax | 1 comments | 6189 Views

How to file your tax return

24 July 2008 at 12:45

To file I-T returns, the choice for salaried individuals will be between the Indian Income Tax Return - 1 (ITR-1) and ITR-2 forms. If your earnings for the year are through salary income and interest earned

Posted in Income Tax | 15768 Views

Higher TDS rate if PAN not disclosed

23 July 2008 at 17:46

Higher TDS rate if PAN not disclosed The move is being viewed as an effort by the government to expand the taxpayer base. Companies and individuals who do not reveal their Permanent Account Number (PAN) while receiving income from any sour

Posted in Income Tax | 13 comments | 8199 Views

IT returns to be filed without TDS certificates

19 July 2008 at 12:53

The Central Board of Direct Taxes have vide notification S.O.No.752(E) dated 28.3.2008, notified the return forms for the assessment year 2008-09. With a view to enabling tax-payers to file returns in the electronic mode, these returns (except ITR-7)

Posted in Income Tax | 2 comments | 14496 Views

Professional tax may raise for Professionals

18 July 2008 at 21:28

Doctors, lawyers and other professionals both salaried and self employed may now have to pay a higher professional tax.Acceding a long-pending demand of the state governments, the Centre has decided to raise the ceiling on professional tax from Rs 2,

Posted in Income Tax | 1 comments | 11517 Views

Now E payment can be made from any other person's account

18 July 2008 at 20:57

The Central Board of Direct Taxes (CBDT) have vide notification S.O.No.493(E) dated 13.3.2008 notified the categories of taxpayers who are mandatorily required to electronically pay taxes on or after the 1st day of April, 2008. A company and such oth

Posted in Income Tax | 2 comments | 6345 Views