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Tax Return

Income Tax Dept Extends Filing Deadline for AY 2012-13 ITR-V Forms to March 31, 2013

Income Tax Dept Extends Filing Deadline for AY 2012-13 ITR-V to March 31, 2013

Income tax Department in a recent notification has extend the time limit for filing ITR-V forms relating to Income Tax Returns filed electronically for A.Y. 2010-11 (filed during F.Y. 2011-12) and for A.Y. 2011-12 (filed on or after 1st April, 2011) and for A.Y. 2012-13. ITR-V forms for AY 2012-13 can now be filed up [...]

How to Download ITR V from Income Tax Website?

How to Download ITR V Form?

If you have filed your Income Tax Return electronically, your Income Tax return is incomplete until you send your ITR V to Income Tax Department in Bangalore. In case you are wondering where to find your ITR V, here are the steps: In your email: Once you file your income Tax return, Income Tax department [...]

What does Intimation U/S 143(1) of Income Tax Act mean?

One of my friends called me in a worrying voice telling me he had received an email from Income tax department with subject “Intimation U/S 143(1) for PAN ABCxxxxx4A AY:2012-13”. As with most of us, any communication from taxmen makes us worried and it was not much different for my friend. Are you in the [...]

How to Check ITR V Acknowledgement Status?

If you have filed your Income Tax Returns online and have not used digital signature, you need take print out of ITR V Form and send it to Income Tax Office in Bangalore. The dates for the same had been extended to December 31, 2012 earlier. So in case you are still wondering if your [...]

12 Changes in 2012 that impacts your Investment

Today is the last day of 2012 and thanks to SEBI, RBI, and Finance Ministry among others which made some significant changes in your personal finance and investment. I have listed 12 of them. 1. One Scheme One Plan for Mutual Funds: Mutual Funds till now had multiple version of the same scheme – one [...]

Income Tax Dept Extends Filing Deadline for ITR-V Forms to Dec 31, 2012

Income tax Department in a recent notification has extend the time limit for filing ITR-V forms relating to Income Tax Returns filed electronically for A.Y. 2010-11 (filed during F.Y. 2011-12) and for A.Y. 2011-12 (filed on or after 1st April, 2011). These ITR-V forms can now be filed upto December 31, 2012 or within a [...]

Income Tax Department extends I-T returns filing date to August 31

The Central Board of Direct Taxes (CBDT) has extended the due date for filing income tax returns ITR for assessment year 2012-13 to August 31 from July 31. This means, you can file your I-T returns for FY2011-12 till August 31, 2012. CBDT, in a notification said, “On consideration of the reports of disturbance of general life [...]

File your IT return Free with Cleartax.in

A few days back I had written about the various website options to file your tax return. Some readers find it inconvenient to file tax returns through income tax website and so there are several websites trying to simplify the process and charge for this. The good news is – cleartax.in a new website in [...]

Last Date for filing Income Tax Return is July 31

Income Tax department today published a advertisment in leading dailies informing about the last date of filing tax return is July 31, 2012. It also features the following: Its mandatory to e-file tax returns if the income exceeds Rs. 10 Lakh for FY 2011-12. A salaried employee with Rs. 5 Lakh income is exempted from [...]

Filing Income Tax Return Online: Website Options

Filing income tax returns online have gain popularity in recent years. Some estimate that last year (2011) around 16 million tax payers used online option to file their tax returns. It is further estimated that this number would grow to around 25 million this year. With such a growth, there have been a slew of [...]

E-filing of Tax Return compulsory for Income above 10 Lakhs

It is now mandatory for individuals or Hindu Undivided Family (HUF) with income of over Rs 10 lakhs to file their tax returns for 2011-12 electronically. This is good news for lot of websites which help people for e-filing of Tax returns. Also e-filing has a lot of advantages than traditional way of filing returns by paper. [...]