Tag Archives: income tax returns

Demonetisation: Deposited More Than Rs.2.5 Lakh Cash? Then Await Income Tax Notice Soon!

As expected, the Income Tax Department has swiftly sent out notices to all those who have deposited Rs.500 and Rs.1000 notes worth more than Rs.2.5 lakh and individuals or firms have already received notices seeking explanation of the source of such funds. The IT Department has issued notices under section 133 (6) of the Income Tax Act (power to call ...

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Income Tax ITR Forms for 3,4,5 &6 Released; Last Date August 30, 2015

The much-awaited income tax return forms for firms, companies,  businesses and HUFs have been released finally by the CBDT, ending two-month long anxiety over the delay and the last date to file ITR returns for fiscal ending March 2015 is now on August 30, 2015. Click HERE to Download forms from the official Income Tax Department website. department has notified ...

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New income tax forms on Bank a/c, foreign travel will be reviewed: Minister

In view of unexpected outrage from the public and experts on new norm for filing income tax returns, Finance Minister Arun Jaitley who returned from Washington, asked officials to review the norms on Saturday. “The finance minister spoke to me from Washington. He asked me to make the format simpler. He said the government must be proactive and he quickly ...

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