Monthly Archives: November 2017

How to check you Income Tax Jurisdictional Assessing Officer

By | November 30, 2017

How to know my Jurisdictional Assessing Officer details of Income Tax ? To know your Jurisdictional Assessing Officer details -> Please log on to https://incometaxindiaefiling.gov.in and click on “Know Your Jurisdictional AO” under “SERVICES” menu.. Related Post Income Tax Books Income Tax Press Release Income Tax Notifications Income Tax Circulars Income Tax Instructions Income Tax… Read More »

How to pay outstanding demand of Income Tax

By | November 30, 2017

How to pay outstanding demand of Income Tax How can I make payment for the outstanding demand of Income Tax? Tax payments can be made through a bank authorized to collect Income Tax payments, after filling in the necessary particulars in the Challan provided for this purpose or Online tax payments can be made through… Read More »

How to rectify Income Tax demand ?

By | November 30, 2017

How to rectify the Income Tax demand Whom should I approach to rectify the Income Tax demand amount? The return has been processed at CPC, Banglore  :- File online Rectification to CPC by logging into https://incometaxindiaefiling.gov.in with your user ID and password. Select “Rectification request” under e-file tab and enter the necessary details. The return… Read More »

How to Change Secret Questions on Income Tax Website

By | November 30, 2017

Change Secret Questions on Income Tax Website How to Change Secret Question(s) and Answer(s) on Income Tax website ? Perform the following steps to change the Secret Question(s) or Answer(s): Step 1 : Logon to the ‘e-Filing’ Portal www.incometaxindiaefiling.gov.in Step 2 :Go to the ‘Profile Setting’ menu located at the upper-right side of the page ⇒ Click ‘Change Secret Question(s) / Answer(s)’… Read More »

How to Reset Password on Income Tax Website

By | November 30, 2017

  Reset Password on Income Tax Website How to Change the Password, if I forgot the password on Income Tax website ? Step 1Click ‘Forgot Password’ located at Login page of  ‘e-Filing’ Portal www.incometaxindiaefiling.gov.in Step 2 : Enter the ‘User ID’ and ‘Captcha Code’ -> Click ‘Continue‘ Step 3: Select any one of the following option from the dropdown list: Answer Secret Question Upload… Read More »

Change Password on Income Tax Website

By | November 30, 2017

Change Password on Income Tax Website How to Change Password on Income Tax website ? Perform the following steps to change the password in e-Filing: Step 1 : Logon to ‘e-Filing’ Portal www.incometaxindiaefiling.gov.in Step 2 : Go to the ‘Profile Setting’ menu located at the upper-right side of the page ⇒ Click ‘Change Password‘ Step 3: Enter ‘Current Password’ (Existing password) ⇒ Enter ‘New Password’ ⇒… Read More »

Form 13 Income Tax : Download : No TDS/TCS or Lower TDS

By | November 29, 2017

Form 13 Application by a person for a certificate under section 197 and/or 206C(9) of the Income-tax Act, 1961, for no deduction/collection of tax or deduction/collection of tax at a lower rate Download Form 13   Related Post Income Tax Books Income Tax Press Release Income Tax Notifications Income Tax Circulars Income Tax Instructions Income… Read More »

Exporters advised to file Table 6A and GSTR 3B for IGST Refund : Govt Press release

By | November 29, 2017

Exporters advised to file Table 6A and GSTR 3B for processing of IGST Refund and for Refund of the unutilized Input Tax Credit;  Errors by exporters while filing their returns are the sole reason for delay in grant of refunds or rejection thereof; The Government of India has taken various measures to alleviate difficulty and… Read More »

Section 154 Income Tax Act 1961 : Rectification of mistake.

By | November 29, 2017

Section 154 Income Tax Act 1961 As Amended by Finance Act 2017 Rectification of mistake. 92 154. 93[(1) With a view to rectifying any mistake apparent from the record an income-tax authority referred to in section 116 may,— (a) amend any order94 passed by it under the provisions of this Act ; 95[(b) amend any intimation or deemed intimation under sub-section… Read More »

Section 44AA of Income Tax Act 1961 : Maintenance of accounts by certain persons carrying on profession or business.

By | November 29, 2017

Section 44AA of Income Tax Act 1961 3[Maintenance of accounts by certain persons carrying on profession or business. 44AA. (1) Every person carrying on legal, medical, engineering or architec- tural profession or the profession of accountancy or technical consultancy or interior decoration or any other profession as is notified by the Board in the Official Gazette shall keep… Read More »

Section 156 Income Tax Act : Notice of demand

By | November 29, 2017

Section 156 Income Tax Act  ( Section 156 Income Tax Act  explains Notice of demand ) Notice of demand 81. 156. When any tax, interest, penalty, fine or any other sum 83[***] is payable in consequence of any order passed under this Act, the 84[Assessing] Officer shall serve upon the assessee a notice of demand in the prescribed form86 specifying… Read More »

Books of Accounts to be maintained under Income Tax Act

By | November 29, 2017

Books of Accounts to be maintained under Income Tax Act What books of account have been prescribed to be maintained by a person carrying on business/profession under the Income-tax Act? The Income-tax Act does not prescribe any specific books of account for a person engaged in business or in non-specified profession. “books or books of… Read More »

National Anti-profiteering Authority Address and Chairman

By | November 29, 2017

Government appoints Shri B.N. Sharma (IAS:1985) as Chairman of the National Anti-profiteering Authority under GST In an immediate follow up action of last week’s Cabinet approval for creation of the posts of Chairman and Technical Members of the National Anti-profiteering Authority under GST, the Government today issued orders appointing senior IAS officer Shri B.N. Sharma,… Read More »

Income Tax Forms

By | November 28, 2017

Income Tax Forms [ As per Income Tax Rules (India) ] (Collection of Important Income Tax Forms ) FORM 10E : Form for furnishing particulars of income under section 192(2A) for the year ending 31st March, for claiming relief under section 89(1) by a Government servant or an employee in a company, co-operative society, local authority,… Read More »

Form 15H Income Tax : Download : Declaration under section 197A(1C) if Age 60 years or more

By | November 28, 2017

Form 15H Declaration under section 197A(1C) to be made by an individual who is of the age of sixty years or more claiming certain incomes without deduction of tax Download form 15H Related Post Income Tax Books Income Tax Press Release Income Tax Notifications Income Tax Circulars Income Tax Instructions Income Tax Office Memorandum Income… Read More »

How to check processing of Income Tax Return

By | November 28, 2017

  How to check processing of Income Tax Return How do I know whether my e-Return is being processed at CPC Bangalore or the Assessing Officer? Answer: LOGIN to the e-Filing (www.incometaxindiaefiling.gov.in ), GO TO ‘My Account’ ⇒ ‘View e-Filed Returns/Forms’ ⇒ Income Tax Returns’ and check the status of Income Tax Return for a given… Read More »

What will happen if I don’t report my Transactions to Income Tax Department

By | November 28, 2017

  What  will happen if I don’t report my Transactions to Income Tax Department If you haven’t explained or reported the income, transactions or specific information such as Annual Information Return (AIR), Central Information Branch (CIB) data or TDS/TCS returns, you will receive an email from Income Tax department  seeking details of transaction or source… Read More »

How to change details of address , email id etc in Income Tax Return after upload

By | November 28, 2017

How to change details of address , email id etc in Income Tax Return after uploading on income tax website After upload of the Income Tax Return ( ITR), if any change occurs in taxpayers Bank Account, Address, Mobile number and e-mail id, then taxpayer can update these changes through ‘Change ITR Form Particulars’. Any… Read More »

How to check TDS Mismatch in income Tax Return

By | November 28, 2017

How to check TDS Mismatch in income Tax Return Users can view the details of non-matched amount of TDS claimed in the Income Tax Return. Also, as per online Tax statement (Form 26AS) TDS detail has been reflected.  Perform the following steps to view the statement. Step 1 : Logon to ‘e-Filing’ Portal www.incometaxindiaefiling.gov.in Step 2: Go… Read More »

GST Ready Reckoner : 5th edition Nov 2017 by V.S Datey : Taxmann Publictation

By | November 28, 2017

GST Ready Reckoner – 5th edition Nov 2017 (Incorporating Notifications Issued till 17-11-2017) by V.S Datey  Price Rs 1395 Click to buy online Author : V.S. Datey Edition : 5th Edition 2017 Date of Publication : Nov.2017 ISBN No.:9789386882233 Binding : Paperback No. Of Pages : 720 Weight (Kgs) : 0.835 View Contents of this Book : GST Ready Reckoner Related Topic on GST  Topic… Read More »

Income Tax Act 1961

By | November 27, 2017

Income Tax Act 1961 ( Compilation of  important Sections ) Section  6 : Residence in India. Section 17 : Salary, perquisite and profits in lieu of salary Section 24 : Deductions from income from house property Section 44AA : Maintenance of accounts by certain persons carrying on profession or business. Section 57 : Deductions Section 89… Read More »

GST News 26.11.2017 by TaxHeal

By | November 26, 2017

GST News 26.11.2017 by TaxHeal Related Topic on GST  Topic Click Link GST Acts Central GST Act and States GST Acts GST Rules GST Rules  GST Forms GST Forms GST Rates GST Rates GST Notifications GST Act Notifications GST Circulars GST Circulars  GST Judgments GST Judgments GST Press Release GST Press Release GST Books Best… Read More »

Maharashtra GST : Govt divided taxpayers jurisdiction between Center and States

By | November 25, 2017

Govt. has divided the jurisdiction of Maharashtra’s taxpayer between CG and SG. The total numbers of taxpayers falling under the jurisdiction of the :- Centre 1, 60,603 State 6, 45, 875 Download Order of Distribution of Taxpayer Download State List and  Center List   Related Topic on GST  Topic Click Link GST Acts Central GST Act and… Read More »

Category: GST

CBDT circular of revised limits for filing appeal applies to pending appeals also : Supreme Court

By | November 25, 2017

Issue : Instruction No.3 of 2011 dated 9.2.2011, provids for appeals not to be filed before the High Court(s) where the tax impact was less than Rs.10 lakh. The Instruction/Circular in question is stated to have a prospective effect as per the Revenue and, thus, cases which were pending in the High Court(s) and had been… Read More »

Revised ITRs filed post demonetisation ? CBDT directions for scrutiny assessment

By | November 25, 2017

The Central Board of Direct Taxes (CBDT) has issued directions related to some important issues which are to be considered by AO while framing scrutiny assessments pertaining to filing of revised/belated returns by assessee’s post-demonetisation. Dated 24th November 2017 F.No.225/291/2017/ITA.II FOR DEPARTMENTAL USE ONLY F. No. 225/391/2017/ITA.II Government of India Ministry of Finance Department of… Read More »

Circular No 46/2017 Customs : GST on goods sold from customs bonded warehouse

By | November 25, 2017

Circular No 46/2017 Customs F.No: 473/10/2017-LC Govt. of India Ministry of Finance Dept. of Revenue Central Board of Excise & Customs North Block, New Delhi Dated 24th November 2017 To, All Principal Chief Commissioners / Chief Commissioners / Principal Commissioners / Commissioners of Customs Subject: Applicability of IGST / GST on goods transferred / sold… Read More »

Anti Profiteering Screening Committee in states / UT in India : Address and Details

By | November 24, 2017

DETAILS OF ANTI-PROFITEERING SCREENING COMMITTEE IN STATES / UTs Related Topic on GST  Topic Click Link GST Acts Central GST Act and States GST Acts GST Rules GST Rules  GST Forms GST Forms GST Rates GST Rates GST Notifications GST Act Notifications GST Circulars GST Circulars  GST Judgments GST Judgments GST Press Release GST Press… Read More »

TRAN 1 Revision Due Date : Order No Wise

By | November 24, 2017

TRAN 1 Revision Due Date Transitional ITC/Stock Statement Form Original /Extended Due Date Condition Reference TRAN 1 Revision Extended 27th December 2017 Order No 10/2017 GST Dated 15th November, 2017 TRAN 1 Revision Extended 30th November 2017 Order No 08/2017 GST Dated 28th October, 2017 TRAN 1 Revision Extended 31st October 2017 Order No 02/2017 GST Dated 18th… Read More »

TRAN 1 Due Date : Order No wise

By | November 24, 2017

TRAN 1 Due Date Transitional ITC/Stock Statement Form Original /Extended Due Date Condition Reference TRAN 1 Extended 27th December 2017 Order No 9/2017 GST Dated 15th November, 2017 TRAN 1 Extended 30th November 2017 Order No 07/2017 GST Dated 28th October, 2017 TRAN 1 Extended 31st October 2017 Order No 03/2017 GST Dated 21st September, 2017 TRAN 1… Read More »

GST ITC 4 Due Dates : Notification No wise & Month wise

By | November 24, 2017

GST ITC 4 Due Dates Details of goods/capital goods sent to job worker and received back [ Rule 45(3) of CGST Rules 2017 ] Quarter Original /Extended Due Date Condition Reference January  to March 2018 Original 25th April 2018 Rule 45(3) of CGST Rules 2017  October to December 2017 Original 25th January 2018 Rule 45(3) of CGST… Read More »