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…
Read moreDT Dispute Resolution Scheme 2016-Extended to 31-01-2017
CBDT has extended the last date for filing declaration under Direct Tax Dispute Resolution Scheme, 2016 to 31-01-2017. The Scheme provides an opportunity for taxpayers who are under litigation before the Commissioner of Income Tax (Appeals) and other judicial fora to come forward and settle their disputes in accordance with the provisions of the Scheme….
Read moreKey Features – File Validation Utility (FVU) version 5.2 wef 17-09-2016
Addition of new fields for Form 24Q-Q4 under Annexure ll (i.e. salary details) as below: Aggregate rent payment exceeds rupees one lakh during the previous year: – The above is applicable for regular as well as correction statements pertaining to FY 2016-17 onwards. – If the rent payment exceeds rupees one lakh, in such case,…
Read moree-TDS/TCS Return Preparation Utility Ver. 1.5 for Regular & Correction
New e-TDS/TCS Return preparation Utility Utility Version 1.5 is released by NSDL with effect from 13th April 2016.
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