May 2017 – Sony C L

Due Date Statement of Financial Transaction (SFT) -Form 61A 31st May 2017

May 30, 2017 CA. SONY C. L. B.Sc.,LL.B.,FCA,DISA,DITL (ICAI) Income Tax

As per Section 285BA every person who is responsible for registering or maintaining books of account or other document as regards any specified financial transaction or reportable account, to furnish a Statement of Financial Transaction (SFT-Form 61A) to the income-tax authority on or before 31st May 2017. Following are the some of the specified Financial…

Quoting of Aadhar in return of income isn’t mandatory for non-resident and super senior citizen

May 20, 2017 CA. SONY C. L. B.Sc.,LL.B.,FCA,DISA,DITL (ICAI) Income Tax

The Finance Act, 2017 had inserted a new Section 139AA under the Income-tax Act, 1961 requiring every person to quote Aadhaar number in the return of income with effect from 1st day of July, 2017. If any person does not possess the Aadhaar Number but he had applied for the Aadhaar card then he can…

Month: May 2017