Compulsory scrutiny conditions of Income Tax Returns As Soon as we filed a Income Tax Return to the income tax authorities under section 139 of IT Act,1961 it has to be assessed as correct .The assessment includes verification and scrutiny of income declared by us.but this process not done by income tax authorities in all […]
Tag Archives: Income Tax updates
Tips for Filing Income Tax Returns Easily Income Tax Returns is one of the document which should be filed by the person with due attention . It should be error less,signed and verified by the person authorized to do so under the provisions of the Income-tax Act. The following are the important points.
Disallowance under section 14A should not exceed tax on Exempt Income – ICAI ICAI Suggestion on Disallowance of expenditure incurred in relation to income not includible in total income under section 14A of the Act: As per the existing provisions of section 14A of the Act, no deduction shall be allowed in respect of expenditure […]
Contact Details must be updated by assessee in Income Tax E-Filing Portal Important announcement regarding updation of contact details in e-Filing Portal must be updated by an assessee – PINs Validation extended up to 24 hours – (Updated on 27.06.2014)Income-Tax Department uses the registered contact details (Mobile number & E-mail ID) for all communications related […]
How to fight with problem of restricted use of email ID on IT E-filing Website Assessee is compulsorily required to get its email ID and password registered at incometaxindia.gov.in. Further, maximum permissible usage of each of them is 4 times only. We know that most of the assessees in India do not have email ID. […]