Number of e-filing made exceeds 1 crore (10321775 as on 31st July, 2013),even there is a mandatory requirement to e-filing of individuals whose total income exceeds Rs 5,00,000, total number of e-filings lags behind as compared with the financial year 2012-2013(21486807). When it comes to e-filing through ITR-1(salaried individuals), there is also a drop down […]Continue reading
Central board of direct tax has extended due date for filing returns of income from 31st July,2013 to 5th August, 2013. All assesses having a total income of more than Rs 5, 00,000 are compulsory required to file their return electronically.
There has been tremendous increase in number of e-returns till 31st July. It is assumed that extension of last date (due date) for filing return is meant to provideContinue reading
ITR-V stands for ‘Income Tax Return – Verification’ form. This is issued as an acknowledgement to your returns filed online without a digital signature. It is meant to verify the authenticity of e-return filed.Upon receipt of ITR-V, income tax department will send an email informing the receipt of ITR-V (acknowledgement).
In order to complete the filing process you have to take a print out of ITR-V and have to put your signature and then sent it to the income tax department (CPC) within 120 days of e-return.Continue reading