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DUE DATE FOR FILING INCOME TAX RETURNS EXTENDED

LAST DATE FOR FILING INCOME TAX RETURN FOR NON-AUDIT and salary returns for AY 2013-14 EXTENDED

The CBDT has issued a Press Release stating that the due date for filing of returns u/s 139(1) of the Income-tax Act, 1961 is extended to August 5, 2013

TEXT OF THE PRESS RELEASE
PRESS INFORMATION BUREAU GOVERNMENT OF INDIA AS A MEASURE OF TAXPAYERS CONVENIENCE, LAST DATE OF FILING OF RETURNS EXTENDED TO 5TH AUGUST, 2013 New Delhi: July 31, 2013 Shravana 9, 1935 There is an unprecedented surge in number of returns being e-filed during this year. 92.03 lakh returns have been e-filed up to 30th July, 2013 which is 46.8 % higher than the returns e-filed during the corresponding period of the last fiscal year. Due to large number of taxpayers accessing e-filing website on due date of filing, some cases of taxpayers not being able to access the e-filing portal have been reported. These problems are primarily due to network constrains of the local internet service providers (ISPs). However, as a measure of…

DATE FOR FILING VAT RETURN EXTENDED

LAST DATE FOR FILING VAT RETURN FOR FIRST QUARTER OF 2013-14 EXTENDED

The Value Added Tax Department has vide Circular dated 25.07.2013 extended the last date for filing online Return for the first quarter 2013-14.


Class of Return Last date for online filing Last date for Hard Copy Returns - DVAT 16, DVAT 17 07/08/2013 10/08/2013 Annexure 2C and 2D which form part of the return. 07/09/2013 10/09/2013


However it may be noted that the due date for depositing tax is not changed.

No More Exemption from Return Filing to Salaried Persons

Nomore exemption from return filing to salaried persons having income upto Rs. 5,00,000/- for the A.Y. 2013-14
CBDT has vide its press release dated 22.07.2013clarified that exemption from filing return of income for salaried employees having total income upto Rs. 5 lakhs including income from other sources upto Rs. 10,000/- was only for assessment year 2011-12 and 2012-13 respectively.  The exemption was given considering ‘paper filing of returns’ and their ‘processing through manual entry’ on system.However, this year the facility for online filing of returns has been made user-friendly with the advantage of pre-filled return forms. These E-filed forms also get electronically processed at the central processing centre in a speedy manner. Hence, the exemption provided during the last two years is not being extended for assessment year 2013-14.


Taking note of the above fellow practitioners and tax payers falling under the said category may plan accordingly as due date of fili…
CST- DELHI AMENDMENT RULES 2013
The Value Added Tax Department has issued notification no. F3(6)/Fin.(Rev-I)/2013-14/dsVI/499 dated 04/07/2013 thereby amending the rules and introducing changes in Form 1 CST. The details of the changes are available in a presentation which can be downloaded. 

For Presentation CLICK HERE
For copy of Amendment RulesCLICK HERE 

Income Tax - Demands not recoverable if Intimation u/s 143(1) not served

CBDT Instructions on Identification of Unserved intimations under section 143(1) of Income Tax Act for cases processed prior to 31.03.2010-Reg.
The CBDT has issued Instruction No. 04/2013 dated 05.07.2013with regard to the directive issued by the Delhi High Court in Court on Its Own Motion vs. UOI 352 ITR 273

that the demand should not be enforced in caseswhere no intimation u/s 143(1) was sentby the field authorities in respect of returnswhich were processed prior to 31.03.2010. Which means that if a demand was raised prior to 31.03.2010 and the intimation u/s 143(1) was not sent to the assessee, then such a demand can not be enforced by the department.
It is also important to note here that the onus to show that the order was communicated and was served on the assessee is on the Revenue and not upon the assessee.
Directions have been issued to the Assessing Officers to strictly followed while dealing with such matters and compliance within the time frame

FULL COPY OF INSTRUCTION


INCOME TAX - Credit of TDS

CBDT Directive Regarding Grant Of TDS Credit In Mismatched Cases
Pursuant to the judgement ofthe Delhi High Court in Court on Its Own Motion vs. UOI 352 ITR 273,the CBDT has issued Instruction No. 5/2013 F.No.275/03/2013-IT(B), dated 8.07.2013stating that:When an assessee approaches the AOwith requisite details and particulars in the form of TDS certificateas evidence against any mismatched amount,the AO will grant credit of TDSto the assesseeafter ascertaining whetherthe deductor has made payment of the TDS to the Government.
  For a copy of the Instructionsclick here

LAST DATE FOR FORM DP-1 FURTHER EXTENDED

LAST DATE FOR FILING OF FORM DP-1 ONLINE HAS BEEN further EXTENDED wIDE NOTIFICATION DATED 05-07-2013
In further modification to Notification No.F.3 (352)/Policy/ VAT/2013/231-241 dated 28.05.2013 and its modification wide Notification  dated 20.06.2013 regarding submission of Form     DP-1, the last date for filing the form online has been further extended as per the schedule as given below.


Class of Dealers Last date for submission of information online in Form DP-1 Dealers having GTO more than or equal to Rs. 50,00,000/- (Rupees Fifty Lakhs) 07/08/2013 Dealers having GTO more than or equal to Rs.25,00,000/- (Rupees Twenty Five Lakhs) but less than Rs.50,00,000/- (Rupees Fifty Lakhs) 14/08/2013 Dealers having GTO less than Rs. 25,00,000/- (Rupees Twenty Five Lakhs) 21/08/2013
COPY OF NOTIFICATION 


DVAT - DP-1 WHAT TO DO

DVAT -Form DP 1 WHAT TO DO

TO SEE THE EXCEL UTILITY OF FORM DP-1 
PLEASE CLICK HERE
Information given in this form is very vital, as it is through this data that the department shall issue you a new RC with all your correct information currently updated, even if there is an amendment application lying pending with the department. If you provide the current position of your firm up to date then your new RC shall reflect that correct information provided in this form.
WHO shall file All dealers registered with the VAT Department as on 31.03.2013 HOW ONLINE using Login ID and Password. WHAT INFORMATION IS ASKED FOR The form DP-1 is divided into 4 parts i.e Part-A General Information Part-B Information of persons interested in business. Part-C Additional Place of Information. Part-D Information about Authorised Signatory. Each part can be filled up separately and saved online. LAST DATE TO FILE The last date for filing Form DP-1 as extended based on the turnover of the Dealer in FY- 2012-13 is a…