Before filing Income Tax Return some points to be Kept in mind

SELECTION OF RETURN FORM TO BE USED The first step in filing of a income tax return is to select the correct Form of income tax return. It should be noted that the Forms of income tax return may be changed in the middle of the year. The taxpayer, therefore, need … Continue reading

ITR V can be sent till 31-3-2014 for AY 2009-10, 2010-11 and 2011-12

CBDT has extended the date of filing iTRV till 31.03.2014 for  2009-10, 2010-11 and 2011-12. ITR V needs to send to Banglore CPC within 120 days of filing income tax return. If ITR V is not sent within 120 days then it is considered that return is not filed at all. … Continue reading

What is ITR V

What is an ITR-V? ITR-V stands for ‘Income Tax Return – Verification’ form. What is the significance of ITR V? ITR V  is received when you e-file Income Tax Return without using a digital signature. Income Tax Department verifies the genuineness of income tax return when filed online without using … Continue reading

Extension of Time Limit for Filing of ITR-V Forms for AY 2010-11 and AY 2011-12

ITR- V can be send to Bangalore office upto 31.12.2012 for assessment year 2010-11 and 2011-12.   Relevant notification is given below: In exercise of its powers under clause (ii) of Para 14 read with clause (7) of Para 4 of the Centralized Processing of Returns Scheme 2011 issued vide CBDT Notification … Continue reading