Income Tax department is in the process to create name based email ids for PAN users for accessing the ITBA portal. Users have been identified who do not having name based email id to receive login credentials and, therefore, may not be able to access the new PAN module under the ITBA system
This is the Login version of GConnect Income Tax Calculator for the Year 2015-16 (Assessment Year 2016-17) incorporating all the changes made in Budget 2015 as far as Income Tax is concerned. There is no need for entering all the values of income and deductions at the same time for calculating Income Tax in this version.
CBDT has amended the Rules such that medical bills pertaining to specified ailments from a specialist working in a Government hospital can be claimed under Section 80DDB
income Tax Returns which are filed on or after 01.04.2015 electronically (without digital signature certificate) pertaining to the Assessment Year 2014-2015 or returns filed in response to various statutory notices as prescribed under the Act or returns filed as a consequence of condonation of delay u/s 119 of the Act can also be validated through EVC.
It has been warned by CBDT that a fake order extending the due date for filing the Income Tax return for the Assessment year 2015-16 is in circulation. Government has not extended the due date for filing of returns and audit report which are due by 30th September 2015
Last date for filing Income Tax Return was revised already from 31st July 2015 to 31th Aug 2015 and then to 7th September 2015. Now, the present circular conveys that ITRs which are due by 30th September will have to be filed in time and that no further extension of last date will be provided
Special Counters for filing ITR for the financial year will be receiving manual ITR filed by Salaried Employees (Paper form of ITR) – Income Limit for filing manual ITR is Rs. 5 lakh for the year 2014-15 (Assessment Year 2015-16)
Easy tutorial for filing Income Tax Return online – Procedure for using offline excel utility for filing ITR and quick e-file facility (online interface) for filing ITR-1 and ITR-4S
What are different types of Income Tax Return (ITR) ? How to file ITR Online ? How to submit ITR in Paper form? Should I send the signed copy of ITR-V if I file Income Tax Return Online? How to verify Income Tax amount paid in my account (TDS) ?
Time limit for Submission of ITR-V for the year 2013-14 and 2014-15 was recently extended to 31.10.2015. Such returns can be verified online now.
Income Tax Department extended the last date for submitting ITR-V for the ITR filed for assessment year 2013-14 and 2014-15 up to 31st October 2015
Electronic Verification Code while filing ITR online applicable to tax payers who have taxable income not exceeding Rs. 5 lakh and have no refund claims