India Blog for Indians

Central processing of returns

Posted on March 10, 2010 with No Comments

In view of delay in setting up the Central Processing Centre the period for setting up of this centre under section 143(1B) & under section 115WE is being extended from 31st March 2010 to 31st March 2011. This amendment is also being made retrospectively from 1st April 2010.

CBDT Clarification on Sec 194A

Posted on March 6, 2010 with No Comments

CIRCULAR NO- 03/2010.
Central Board of Direct Taxes
New Delhi, the 2nd March, 2010.
Sub: Tax Deduction at Source on payment of interest on time deposits under
Section 194A of the Income Tax Act, 1961 by banks following Core-
Branch Banking Solutions (CBS) software – reg.
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IT Dept. Strategy to achieve Revenue Collection Target

Posted on February 9, 2010 with No Comments

Here is important update regarding IT Department Strategy to achieve Revenue Collection Target

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New E-TDS Changes India Income Tax

Posted on October 8, 2009 with No Comments

The information is also available under the head ‘Modifications in the e-TDS/TCS data structure and new File Validation Utility applicable from October 1, 2009’ on the NSDL – TIN homepage (www.tin-nsdl.com). Read More »

Guide to ITR-Vs to ITD-CPC Bangalore

Posted on October 8, 2009 with No Comments

Here is a Guide of Tax Payers India

1. Please use Ink Jet /Laser printer to print the ITR-V Form.

2. The ITR-V Form should be printed only in black ink.

3. Do not use any other ink option to print ITR V.

4. Use of Dot Matrix printer should be avoided. Read More »

Extension of time limit for filing ITR-V form Income Tax India

Posted on October 8, 2009 with No Comments

The Central Board of Direct Taxes had, vide circular No.3/2009 dated 21.05.2009, allowed assessees who file their income tax returns in electronic form without digital signature to submit their verified ITR-V form, within a period of 30 days, thereafter. The ITR-V form was required to be sent to Post Bag No.1, Electronic City Post Office, Bengaluru, Karnataka-560100, by ordinary post. Read More »