TAX DESTINATION

Hello everyone!! Welcome back to our blog. The Central Board of  Direct Taxes on August 29, extended the due dates for electronic filing of various forms under income tax act, 1961, after taxpayers and other stakeholders raised complaints about facing difficulties in electronic filing. However the extension is only with respect to Various forms filing not for Income Tax return filing . Due date for filing Income Tax return filing as of now is still 30/09/2021 .   Here is the simplified way which everybody can get along with all the extensions released yesterday 01. Due dates extended to 30/11/2021 Quarterly statement in form 15CC  (statement to be filed by every authorized dealer making payment to non resident or foreign company )  for quarter ended on June 30 2021. Intimation by sovereign wealth fund in Form II SWF for quarter ended on June 30 2021. Uploading declarations in Form  15G/15H( Self declaration forms that an individual submits to the bank requesting not to deduct TDS on in

Hello everyone!! Welcome back to our blog. The Central Board of  Direct Taxes on August 29, extended the due dates for electronic filing of various forms under income tax act, 1961, after taxpayers and other stakeholders raised complaints about facing difficulties in electronic filing. However the extension is only with respect to Various forms filing not for Income Tax return filing . Due date for filing Income Tax return filing as of now is still 30/09/2021 .   Here is the simplified way which everybody can get along with all the extensions released yesterday 01. Due dates extended to 30/11/2021 Quarterly statement in form 15CC  (statement to be filed by every authorized dealer making payment to non resident or foreign company )  for quarter ended on June 30 2021. Intimation by sovereign wealth fund in Form II SWF for quarter ended on June 30 2021. Uploading declarations in Form  15G/15H( Self declaration forms that an individual submits to the bank requesting not to deduct TDS on in

Hello everyone! Welcome back to our blog. Hope you all have read my previous article on problems and solutions on the new Income - Tax portal. If not you can read through that by clicking here.   IT CY PORTAL for accessing IT site in an easy manner Place service request if you need any assistance on e-filing. At the time of filing your income tax return, you must fill in some mandatory details If you fail to do so your return will be defective, notice could be sent. The due date for filing of IT Return for FY ( 2020-21) as of now is Sep 30, 2021. The key aspect taxpayers need to remember while filing their returns is to provide all mandatory disclosures. Failure to do so can result In the tax return being declared defective. The IT Department could even send a notice to taxpayers. If you do not want to get your return defective and get a notice from IT Department, then you must read this blog. Mandatory Disclosures 1.Bank Accounts. The taxpayer needs to report all the bank accounts he

Hello everyone! Welcome back to our blog. Hope you all have read my previous article on problems and solutions on the new Income - Tax portal. If not you can read through that by clicking here.   IT CY PORTAL for accessing IT site in an easy manner Place service request if you need any assistance on e-filing. At the time of filing your income tax return, you must fill in some mandatory details If you fail to do so your return will be defective, notice could be sent. The due date for filing of IT Return for FY ( 2020-21) as of now is Sep 30, 2021. The key aspect taxpayers need to remember while filing their returns is to provide all mandatory disclosures. Failure to do so can result In the tax return being declared defective. The IT Department could even send a notice to taxpayers. If you do not want to get your return defective and get a notice from IT Department, then you must read this blog. Mandatory Disclosures 1.Bank Accounts. The taxpayer needs to report all the bank accounts he

Hello everyone, welcome back to TAX DESTINATION blog!! Hope you all have gone through Tax Series. If you haven't read, please go through the same by clicking below links 01.Tax Series-1. 02.Tax Series-2. So far we have published two blogs on TAX Series and 12 blogs on other updates. Since the income tax due date got extended to 30/09/2021 and owing to non-functioning of IT Site we have suspended this series for some days. we are going to continue this series further in the coming days. In this blog, you can get to know why and where you must not use cash mode of payments and how you would be penalized if you are using cash for making your payments exceeding specified limits. And benefits of  doing transactions in digital mode Say "NO" to cash transactions -Break the chain of corona virus, Eradicate black money -Go cashless, Go clean. In the current unprecedented situation where it is uncertain and not very definite about how the Novel COVID 19 virus is transmitting, where

Hello everyone, welcome back to TAX DESTINATION blog!! Hope you all have gone through Tax Series. If you haven't read, please go through the same by clicking below links 01.Tax Series-1. 02.Tax Series-2. So far we have published two blogs on TAX Series and 12 blogs on other updates. Since the income tax due date got extended to 30/09/2021 and owing to non-functioning of IT Site we have suspended this series for some days. we are going to continue this series further in the coming days. In this blog, you can get to know why and where you must not use cash mode of payments and how you would be penalized if you are using cash for making your payments exceeding specified limits. And benefits of  doing transactions in digital mode Say "NO" to cash transactions -Break the chain of corona virus, Eradicate black money -Go cashless, Go clean. In the current unprecedented situation where it is uncertain and not very definite about how the Novel COVID 19 virus is transmitting, where

Hello everyone, hope you all have gone through our CY Portal and got an idea about income return filing in an easy manner. Due to the migration of the old income tax site to the New IT Portal, many are facing problems in filing ITR.  click to see IT CY Portal IT CY PORTAL Below are the few problems and suggestive measures for the same. Go through the below 16 points, all your queries will be resolved. Still, if you need any help in filing your ITR. You can place a service request, we will try to assist you in your ITR Filing   Suggestive measures against going on technical glitches at Income Tax Portal 1.Availability of ITR 3 Form ITR 3 Form  is now available by  JSON format for selection 2 ITR V (acknowledgement) and ITR Forms are not available for download These Forms are available for download now. It would be advisable to download in non-working hours as it  Works faster in non-working hours. Try   downloading before 10 AM or after 10 PM 3 Can the Java Utility be downloaded for fil