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Tuesday, October 28, 2014

Income tax form 6B in java format FY 2014-15

The income tax department issued form 6B in java format for financial year 2014-15.

Form 6B- This form is used for audit report under section 142(2A) of income tax act.

 Instructions

  1. Attachment cannot exceed 50MB.
  2. Attachment must be in pdf or zip format.
  3. Attachment should be scanned with minimum 300dpi.
  4. wherever there is a requirement in the form to submit a signed copy of documents by an assessee/CA as an attachment, upload the scanned copy of same documents.
Checklist of documents and pre-requisites
  1. A copy of last year's tax return.
  2. Bank statements.
  3. TDS certificates.
  4. Saving certificates/Deduction.
  5. Interest statements showing interest paid to you throughout the year.
  6. Balance sheet, P&L accounts and audit report wherever applicable.
Download form 6B in java format for financial year 2014-15 from here.
Tags-form 6b,income tax form 6b,form 6b income tax,audit form 6b

Income tax form 29B in java based utility

The income tax department issued income tax form 29B in java based utility which work offline and online mode.

Form 29B- Report under section 115JB of income tax act for computing the book profits of the company.

Instructions

  1. Attachment cannot exceed 50MB.
  2. Attachment must be in pdf or zip format.
  3. Attachment should be scanned with minimum 300dpi.
  4. wherever there is a requirement in the form to submit a signed copy of documents by an assessee/CA as an attachment, upload the scanned copy of same documents.
Checklist of documents and pre-requisites
  1. A copy of last year's tax return.
  2. Bank statements.
  3. TDS certificates.
  4. Saving certificates/Deduction.
  5. Interest statements showing interest paid to you throughout the year.
  6. Balance sheet, P&L accounts and audit report wherever applicable.
Download Form 29B 
Tags-form 29b,form 29b income tax,income tax form 29b

Monday, October 27, 2014

Excel calculators for all financial calculations

In now a days it's necessary to calculate all the things to get a good amount of money in hands. So calculator gives us a very easy to calculate the things. But only only a hand calculator will do all the things you are looking for. There are some excel based calculators which will be very vital for the persons who like to calculate everything of their need. So look on these calculator and find out what you were looking for.

Thursday, October 16, 2014

One address proof is enough for opening a bank account- RBI

Please refer to our circular DBOD.AML.BC. No. 119/14.01.001/2013-14 dated June 9, 2014 on the above mentioned subject. In this regard we also draw your attention to our letter dated DBOD.  AML. No. 3356/14.01.001/2014-15 dated September 4, 2014, forwarding copies of a press release dated August 26, 2014, and a poster on KYC simplification measures initiated by us.

2. In this regard, it has been brought to our notice that despite issuing clear instructions regarding the requirement of one proof of address whether permanent or current, some banks are still insisting on submission of a proof of address for the current address even when a customer produces a proof of permanent address, which prevents many prospective customers, especially migrant workers, from opening bank accounts.

3. In view of the above, banks are advised to ensure that customers are not unnecessarily asked to submit additional proofs of addresses for current addresses in cases where proofs of addresses for permanent addresses are already available. Banks are requested to confirm latest by October 17, 2014, that the above mentioned instruction has been communicated to all their branches and the same have been meticulously complied with.

TRACES follow up for filing form 24G FY 2014-15

This is to inform you that your office (Accounts Office Identification Number (AIN)) have filed Form 24G for all 12 months in Financial Year 2013-14, however, you have not filed Form no. 24G for any of the months during Financial Year 2014-15. 

Please note that In case of delay in filing of Form No. 24G by the AINs:

There would be delay in generation of Book Identification Number (BIN) and subsequent intimation of the same by the PAOs to the concerned DDOs.
This contributes towards delay in filing of quarterly TDS/ TCS statements resulting into levy of late filing fee u/s 234E of the I.T. Act (a sum of Two Hundred Rupees for every day during which the failure continues) on the deductors.

Late filing of TDS statements also results into the TDS Credit not being available to the deductees (employees / vendors) for claiming the amount of tax already deducted from the payments made to them besides generating correct TDS Certificates for them.

In view of the above, you are advised to file Form No. 24G well within the due date so that the DDOs are able to file there quarterly TDS / TCS Statements within the due time and avoid levy of fee u/s 234E of the Income Tax Act.
In case you have not filed due to one of the following probable reasons, please inform accordingly to this office with due support of documents:


a) the filing has been centralized and the filing is being done under any other AIN - Please surrender the AIN already allotted to you under intimation to this office

b) new AIN has been procured for filing Form No. 24G and old AIN no. is discarded - Please surrender the AIN already allotted to you under intimation to this office

c) not filed due to some internal problems of organization - Please take necessary steps to file 24G on priority basis under intimation to this office

d) any other problem - Please take necessary steps to file 24G on priority basis under intimation to this office

Wednesday, October 8, 2014

Net direct tax collection raised 7% in 6 months this fiscal

Net direct tax collection has risen only 7.09 per cent to Rs 2,68,836 crore in the first six months of the current fiscal. 

It was Rs 2,51,028 crore in the same period of 2013-14 fiscal, the Finance Ministry said in a statement. 

The gross direct tax collection was however up 15 per cent at Rs 3,46,144 crore during the April-September period of 2014-15 fiscal, as against Rs 3,01,063 crore a year-ago, the statement added. 

The government has fixed direct tax collection  .. 

 target of over Rs 7,36,221 crore for 2014-15, which is 15 per cent higher than the last fiscal's revised estimates. 

Gross collection of corporate taxes increased 15.31 per cent to Rs 2,22,616 crore during April-September, from Rs 1,93,054 crore in the year-ago period, the statement said. 

Gross collection of Personal Income Tax, including STT and Wealth Tax, was up by 14.37 per cent to Rs 1,23,528 crore in the first six months of the current fiscal, from Rs 1,08,009 crore in th .. 

 in the year-ago period. 

Advance tax collections have shown a growth of 15.28 per cent during the first half of the year as against the growth of 7.66 per cent shown at the same time previous year, the statement said. 

Growth in Tax Deduction at Source (TDS) is 9.47 per cent in April-September of 2014-15 fiscal as against 14.22 per cent in the same period last year. 

Wednesday, October 1, 2014

CBDT extends due date for depositing TDS to 10 October 2014

Extension of the due date of deposit of tax deducted at source/tax collected at source during the month of September, 2014. 

Considering the consecutive holidays owing to the festive season and weekend during the first week in the month of October, 2014, the Central Board of Direct Taxes has issued an order to extend the last date of deposit of tax deducted at source/tax collected at source during the month of September, 2014 from 7th October, 2014 to 10thOctober, 2014 without entailing any consequential interest. 

2. However, the due date for filing of TDS/TCS statements for the 2nd Quarter of the F.Y. 2014-15 shall remain the same.