New ITR Forms notified for the Financial Year (FY) 2017-18 The CBDT has notified the ITR forms for the Assessment Year (AY) 2018-19 well in advance so that the assessee must file their return well before the due date. The forms have been notified on 5 April 2018. Although the return filing will actually begin […]
Due dates for filing the ITR for the Financial Year 2017-18 is round the corner and this time very stringent section 234F for imposing late fees/penalty has been invoked to cause the assessee to file the income tax return well within the time frame. Below is the summary of penalty that will be imposed in […]
With the advent of digitisation everything is now online and in soft format. We now get a soft copy of most documents and to prevent its misuse all these documents are password protected. With ITR acknowledgment to Income Tax notice to Aadhar card. All of them are password protected. Since each of these documents has […]
A new internet scam in form of income tax refund mail to empty your hard earned money from your bank account is on the prowl. A salaried person is most afraid of Income Tax Department and even more if he receives a notice from the department. At the same time if one is to get […]
Luxury comes at a cost and this is going to be true in coming days with the clearance of Direct Tax Code or DTC Bill, 2013. It is not only proposed but most certainly will get the nod of Cabinet to tax the Super Rich @35% tax. The existing tax slabs are going to be […]
