WEB ONLINE CA - ONLINE ITR FILE WEBSITE
Web Online CA is about providing excellent services towards affordable online tax return filing solutions for individuals and businesses. We believe in using technology to attain accuracy that walks towards excellence and our service line is built with this thought. We are working to break the myth of the tax return filing process that it is a time-consuming and hard procedure that is mandatory to complete.
Web Online CA is an Authorized e-Return Intermediary Registered with the Income-Tax Department, Government of India. We are a close concern of Telsys Web Infotech Private Limited and provide tax return filing services with our easy e-filing system.
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Detailed explanation "How to file online itr? ", "How to look like the itr form?", "what's new itr changes?" through Q/A by WEB ONLINE CA
Visit site:-https://webonlineca.com/
"Effortlessly file your income tax online with ITR registration services by Web Online CA. Our streamlined process ensures a quick and accurate submission. Trust our expert guidance for a hassle-free experience, allowing you to meet tax deadlines and ensure compliance. Experience the convenience of online tax filing with Web Online CA."
TaxMela is a team of professional Chartered Accountant which are providing best services like,GST Registration & Filing, Company Registration, Income Tax Return, Sales Tax Consultants, Bank Audit and other services specially in Indirapuram,Vaishali,Ghaziabad & Delhi NCR.
This presentation helps one to learn the process of e filing of Income Tax return in India. This learning can be utilise as profession as tax consultant to students of commerce field.
With the help of this presentation one can learn e filing of Income Tax Return and can start his/her own practice as agent for filing of income tax returns
This document provides an overview of the e-filing process for income tax returns in India. It discusses that e-filing is mandatory for companies and firms requiring an audit and can be done with or without a digital signature. It outlines the relevant notifications, forms, and circulars. It describes the different options for e-filing - with a digital signature, without but submitting an ITR-V form, or through an e-return intermediary. It provides details on the e-filing process steps and requirements for signed versus unsigned returns.
E filing of income tax returns & tax audit reports for A.Y. 2013-14Ameet Patel
The Income-tax department of India has made several changes to the e-filing provisions for tax returns. These have added considerable responsibility on tax payers and their Chartered Accountants. The presentation talks about the changes to the e-filing requirements that are effective F.Y. 2012-13 (Assessment Year: 2013-14)
E Filing Presentations : Income Tax IndiaRanjeet Kumar
The document provides an overview of the e-filing process for income tax returns in India. There are three options for e-filing: with a digital signature where no paper return is needed, without a digital signature requiring filing form ITR-V, or through an e-return intermediary who assists with filing. New income tax return forms ITR1 through ITR8 were notified for assessment year 2007-2008. The e-filing process involves selecting a return form, preparing the return offline, uploading the XML file, receiving an acknowledgment, and if not digitally signed, printing and submitting the ITR-V form.
This document discusses filing income tax returns in India. It defines what a tax return is and explains the different forms used to file returns based on taxpayer type. Forms include ITR-1 through ITR-7. E-filing of returns is now mandatory for most taxpayers, including companies and individuals with income over Rs. 500,000. While documents don't need to be attached, they should be retained for potential audits. Filing returns on time avoids penalties and potential criminal prosecution for tax evasion. Overall, the document provides an overview of India's income tax return process.
Lecture meeting on Filing of Income-tax Returns for A.Y. 2010-11 by B. K. Vat...bcasglobal
The document provides an overview of the e-filing process for income tax returns in India. It discusses what e-filing is, how it is mandatory for certain assessees like companies and firms liable for audit. It also outlines the procedures to follow before and during e-filing such as downloading the correct ITR form, gathering necessary details, and enabling macros to fill out the electronic form. Key steps include having audit reports and financial statements available, using a checklist of required information, and properly categorizing income and expenses under the appropriate heads.
TaxMela is a team of professional Chartered Accountant which are providing best services like,GST Registration & Filing, Company Registration, Income Tax Return, Sales Tax Consultants, Bank Audit and other services specially in Indirapuram,Vaishali,Ghaziabad & Delhi NCR.
This presentation helps one to learn the process of e filing of Income Tax return in India. This learning can be utilise as profession as tax consultant to students of commerce field.
With the help of this presentation one can learn e filing of Income Tax Return and can start his/her own practice as agent for filing of income tax returns
This document provides an overview of the e-filing process for income tax returns in India. It discusses that e-filing is mandatory for companies and firms requiring an audit and can be done with or without a digital signature. It outlines the relevant notifications, forms, and circulars. It describes the different options for e-filing - with a digital signature, without but submitting an ITR-V form, or through an e-return intermediary. It provides details on the e-filing process steps and requirements for signed versus unsigned returns.
E filing of income tax returns & tax audit reports for A.Y. 2013-14Ameet Patel
The Income-tax department of India has made several changes to the e-filing provisions for tax returns. These have added considerable responsibility on tax payers and their Chartered Accountants. The presentation talks about the changes to the e-filing requirements that are effective F.Y. 2012-13 (Assessment Year: 2013-14)
E Filing Presentations : Income Tax IndiaRanjeet Kumar
The document provides an overview of the e-filing process for income tax returns in India. There are three options for e-filing: with a digital signature where no paper return is needed, without a digital signature requiring filing form ITR-V, or through an e-return intermediary who assists with filing. New income tax return forms ITR1 through ITR8 were notified for assessment year 2007-2008. The e-filing process involves selecting a return form, preparing the return offline, uploading the XML file, receiving an acknowledgment, and if not digitally signed, printing and submitting the ITR-V form.
This document discusses filing income tax returns in India. It defines what a tax return is and explains the different forms used to file returns based on taxpayer type. Forms include ITR-1 through ITR-7. E-filing of returns is now mandatory for most taxpayers, including companies and individuals with income over Rs. 500,000. While documents don't need to be attached, they should be retained for potential audits. Filing returns on time avoids penalties and potential criminal prosecution for tax evasion. Overall, the document provides an overview of India's income tax return process.
Lecture meeting on Filing of Income-tax Returns for A.Y. 2010-11 by B. K. Vat...bcasglobal
The document provides an overview of the e-filing process for income tax returns in India. It discusses what e-filing is, how it is mandatory for certain assessees like companies and firms liable for audit. It also outlines the procedures to follow before and during e-filing such as downloading the correct ITR form, gathering necessary details, and enabling macros to fill out the electronic form. Key steps include having audit reports and financial statements available, using a checklist of required information, and properly categorizing income and expenses under the appropriate heads.
This document provides information about income tax returns (ITR) in India, including what an ITR is, why ITRs should be filed, the different types of ITR forms, and eligibility for each form. There are 7 main ITR forms - ITR1 (for individuals with certain income types up to Rs. 50 lakhs), ITR2, ITR3, ITR4 (for small businesses and professionals), ITR5, ITR6, and ITR7 (for specific entity types). The document outlines the income sources and eligibility criteria for each ITR form and provides details on how to file each form online.
This document discusses the different Income Tax Return (ITR) forms that can be used in India. It provides information on ITR-1 (SAHAJ), ITR-2, ITR-3, ITR-4, ITR-4S, ITR-5, ITR-6, and ITR-7 forms, including who is eligible to use each form and what types of income can and cannot be reported using each form. It also summarizes the key points about e-filing requirements and processes for individuals, HUFs, firms, companies and other entities.
This document provides information about taxation for salaried employees, pensioners, and senior citizens in India. It discusses key topics like income tax filing requirements and due dates, the different types and heads of income, deductions, tax rebates, and forms used for filing returns. Specifically, it notes that income tax return filing is mandatory if total income exceeds the maximum amount not chargeable to tax. It outlines the due dates for advance tax payments and income tax return filing. It also lists the different forms used to file returns according to an individual's sources of income and tax situation.
This document provides information about taxation for salaried employees, pensioners, and senior citizens in India.
It discusses key topics like filing income tax returns, advance tax payment due dates, applicable tax rates, and forms to be used for filing returns. Specifically, it mentions that the due date for salaried employees to file their return is July 31 and the tax rates for FY 2012-13 are 10-30% with education cess of 3% for general individuals and reduced rates for senior citizens.
The document aims to help taxpayers understand their tax obligations and compliances in a concise manner.
This document provides information about taxation for salaried employees, pensioners, and senior citizens in India. It discusses key topics like income tax filing requirements and due dates, the different types and heads of income, deductions, tax rebates, and forms used for filing returns. Specifically, it notes that income tax return filing is mandatory if total income exceeds the maximum amount not chargeable to tax. It outlines the due dates for advance tax payments and income tax return filing. It also lists the different forms used to file returns according to an individual's sources of income and tax situation.
Form 24Q is the TDS return form that must be filed quarterly by employers to report tax deducted from employees' salaries under section 192. It contains details of tax deducted, employee names and PAN numbers, dates and amounts of salary payments, and tax deducted. Filing must be done online for employers above certain thresholds. The form has two annexures - Annexure I is filed for all quarters while Annexure II containing full-year salary details is only for the last quarter. Employers must provide a TDS certificate to all employees and meet filing deadlines to avoid penalties.
This document provides information about e-filing of income tax returns in India. It defines e-filing as the electronic filing of income tax returns through the internet. The key benefits of e-filing are listed as convenience, security, accuracy, direct deposit refunds, and proof of filing. The document outlines the different types of e-filing (with or without digital signature) and the various income tax return forms for individuals, firms, companies and trusts. It then describes the step-by-step process for e-filing, including registering on the e-filing website, downloading the appropriate return form, generating an XML file, uploading the return, and receiving an acknowledgment.
The document provides information on e-filing of income tax returns in India. It states that e-filing is mandatory for individuals and HUFs meeting certain criteria, as well as for all companies. It outlines the different options for e-filing returns, which include using a digital signature certificate, electronic verification code, or verification form. The types of e-filing and steps for offline and online filing are described. Additional features like pre-filling details and viewing tax statements are also summarized.
This document provides information on e-filing of tax audit reports by tax professionals in India. It discusses the registration process for tax professionals, how assessors can add chartered accountants to their profiles, and the steps chartered accountants must follow to submit tax audit reports and other forms electronically. It also outlines other features of the e-filing system, forms that can be initiated and authorized by CAs, and some practical difficulties of e-filing tax audit reports.
The document provides information on e-filing of tax audit reports by tax professionals in India. It discusses the registration process for tax professionals, the steps for chartered accountants to add clients and submit tax audit reports. It also outlines the process for clients to approve reports submitted by their CAs. The document notes some practical difficulties in e-filing tax audit reports and lists various forms that can be initiated and authorized online or offline by CAs.
Queries related to ITR- How to file ITR, When to filing your ITR, etc. Get all the answers related to your ITR queries with this PPT. For filing your ITR, TDS use Taxmann's ITR Filing Software One Solution: http://taxmann.com/onesolution/. This is simple and easy to use. You can easily file your GST Returns, Income tax returns, TDS payment with this software.
This document provides information on various aspects of income tax in India including different types of income and applicable tax rates, common deductions and exemptions available, procedures for tax filing and payment, due dates and forms for tax returns. Key points covered include income from salary and applicable tax deductions, capital gains tax rates, section 80C deductions, filing tax returns online or physically and related timelines.
This document provides guidance to National Government Agencies (NGAs) on electronic tax remittance and filing procedures. It mandates that NGAs use the Electronic Filing and Payment System (eFPS) to electronically file tax returns and remit taxes. It outlines the tax return forms that can be e-filed, payment options, filing deadlines, and procedures for correcting erroneous filings and payments. It also requires the electronic submission of alphabetical lists of employees/payees and provides formatting guidelines.
The document provides information about electronic filing of VAT returns in Kerala, India. It begins with messages from the Finance Minister and the Commissioner of Commercial Taxes welcoming the introduction of e-filing. The document then provides an index and explanations of key terms like returns and e-returns. It describes the 10 types of return forms and outlines the procedures for e-filing returns through the commercial taxes website or Akshaya centers. The bulk of the document consists of step-by-step instructions and screenshots for filing each of the 10 return forms electronically.
Puerto Rico's Treasury Department announces new services and transactions thr...Maria T. Riollano
Puerto Rico’s Treasury Department announces implementation of additional tax obligations to be managed through SURI
and the changes to the withholding vouchers and informative returns
Electronic Filing for Software Developers VA-1346taxman taxman
This document provides information and specifications for software developers to electronically file 2008 individual
income tax returns for Virginia. It discusses the Virginia electronic filing calendar, important updates including
allowing amended returns and direct deposit/debit. It also provides contact information for the Virginia Department
of Taxation electronic filing team and indicates test procedures will be outlined in another publication. Exclusions
from Virginia electronic filing are listed.
This document provides answers to frequently asked questions regarding annual filings for 2014-15. It addresses questions about forms like ADT-1, GNL-2, AOC-4, and MGT-14 that need to be filed for auditor appointments, financial statements, board resolutions, and other annual compliance requirements. Key points covered include what forms are required for auditor ratification versus appointment, what to fill in AOC-4 if the auditor is changed or there are many subsidiaries, and when shortened notice can be provided for annual filings.
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This document provides information about income tax returns (ITR) in India, including what an ITR is, why ITRs should be filed, the different types of ITR forms, and eligibility for each form. There are 7 main ITR forms - ITR1 (for individuals with certain income types up to Rs. 50 lakhs), ITR2, ITR3, ITR4 (for small businesses and professionals), ITR5, ITR6, and ITR7 (for specific entity types). The document outlines the income sources and eligibility criteria for each ITR form and provides details on how to file each form online.
This document discusses the different Income Tax Return (ITR) forms that can be used in India. It provides information on ITR-1 (SAHAJ), ITR-2, ITR-3, ITR-4, ITR-4S, ITR-5, ITR-6, and ITR-7 forms, including who is eligible to use each form and what types of income can and cannot be reported using each form. It also summarizes the key points about e-filing requirements and processes for individuals, HUFs, firms, companies and other entities.
This document provides information about taxation for salaried employees, pensioners, and senior citizens in India. It discusses key topics like income tax filing requirements and due dates, the different types and heads of income, deductions, tax rebates, and forms used for filing returns. Specifically, it notes that income tax return filing is mandatory if total income exceeds the maximum amount not chargeable to tax. It outlines the due dates for advance tax payments and income tax return filing. It also lists the different forms used to file returns according to an individual's sources of income and tax situation.
This document provides information about taxation for salaried employees, pensioners, and senior citizens in India.
It discusses key topics like filing income tax returns, advance tax payment due dates, applicable tax rates, and forms to be used for filing returns. Specifically, it mentions that the due date for salaried employees to file their return is July 31 and the tax rates for FY 2012-13 are 10-30% with education cess of 3% for general individuals and reduced rates for senior citizens.
The document aims to help taxpayers understand their tax obligations and compliances in a concise manner.
This document provides information about taxation for salaried employees, pensioners, and senior citizens in India. It discusses key topics like income tax filing requirements and due dates, the different types and heads of income, deductions, tax rebates, and forms used for filing returns. Specifically, it notes that income tax return filing is mandatory if total income exceeds the maximum amount not chargeable to tax. It outlines the due dates for advance tax payments and income tax return filing. It also lists the different forms used to file returns according to an individual's sources of income and tax situation.
Form 24Q is the TDS return form that must be filed quarterly by employers to report tax deducted from employees' salaries under section 192. It contains details of tax deducted, employee names and PAN numbers, dates and amounts of salary payments, and tax deducted. Filing must be done online for employers above certain thresholds. The form has two annexures - Annexure I is filed for all quarters while Annexure II containing full-year salary details is only for the last quarter. Employers must provide a TDS certificate to all employees and meet filing deadlines to avoid penalties.
This document provides information about e-filing of income tax returns in India. It defines e-filing as the electronic filing of income tax returns through the internet. The key benefits of e-filing are listed as convenience, security, accuracy, direct deposit refunds, and proof of filing. The document outlines the different types of e-filing (with or without digital signature) and the various income tax return forms for individuals, firms, companies and trusts. It then describes the step-by-step process for e-filing, including registering on the e-filing website, downloading the appropriate return form, generating an XML file, uploading the return, and receiving an acknowledgment.
The document provides information on e-filing of income tax returns in India. It states that e-filing is mandatory for individuals and HUFs meeting certain criteria, as well as for all companies. It outlines the different options for e-filing returns, which include using a digital signature certificate, electronic verification code, or verification form. The types of e-filing and steps for offline and online filing are described. Additional features like pre-filling details and viewing tax statements are also summarized.
This document provides information on e-filing of tax audit reports by tax professionals in India. It discusses the registration process for tax professionals, how assessors can add chartered accountants to their profiles, and the steps chartered accountants must follow to submit tax audit reports and other forms electronically. It also outlines other features of the e-filing system, forms that can be initiated and authorized by CAs, and some practical difficulties of e-filing tax audit reports.
The document provides information on e-filing of tax audit reports by tax professionals in India. It discusses the registration process for tax professionals, the steps for chartered accountants to add clients and submit tax audit reports. It also outlines the process for clients to approve reports submitted by their CAs. The document notes some practical difficulties in e-filing tax audit reports and lists various forms that can be initiated and authorized online or offline by CAs.
Queries related to ITR- How to file ITR, When to filing your ITR, etc. Get all the answers related to your ITR queries with this PPT. For filing your ITR, TDS use Taxmann's ITR Filing Software One Solution: http://taxmann.com/onesolution/. This is simple and easy to use. You can easily file your GST Returns, Income tax returns, TDS payment with this software.
This document provides information on various aspects of income tax in India including different types of income and applicable tax rates, common deductions and exemptions available, procedures for tax filing and payment, due dates and forms for tax returns. Key points covered include income from salary and applicable tax deductions, capital gains tax rates, section 80C deductions, filing tax returns online or physically and related timelines.
This document provides guidance to National Government Agencies (NGAs) on electronic tax remittance and filing procedures. It mandates that NGAs use the Electronic Filing and Payment System (eFPS) to electronically file tax returns and remit taxes. It outlines the tax return forms that can be e-filed, payment options, filing deadlines, and procedures for correcting erroneous filings and payments. It also requires the electronic submission of alphabetical lists of employees/payees and provides formatting guidelines.
The document provides information about electronic filing of VAT returns in Kerala, India. It begins with messages from the Finance Minister and the Commissioner of Commercial Taxes welcoming the introduction of e-filing. The document then provides an index and explanations of key terms like returns and e-returns. It describes the 10 types of return forms and outlines the procedures for e-filing returns through the commercial taxes website or Akshaya centers. The bulk of the document consists of step-by-step instructions and screenshots for filing each of the 10 return forms electronically.
Puerto Rico's Treasury Department announces new services and transactions thr...Maria T. Riollano
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and the changes to the withholding vouchers and informative returns
Electronic Filing for Software Developers VA-1346taxman taxman
This document provides information and specifications for software developers to electronically file 2008 individual
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allowing amended returns and direct deposit/debit. It also provides contact information for the Virginia Department
of Taxation electronic filing team and indicates test procedures will be outlined in another publication. Exclusions
from Virginia electronic filing are listed.
This document provides answers to frequently asked questions regarding annual filings for 2014-15. It addresses questions about forms like ADT-1, GNL-2, AOC-4, and MGT-14 that need to be filed for auditor appointments, financial statements, board resolutions, and other annual compliance requirements. Key points covered include what forms are required for auditor ratification versus appointment, what to fill in AOC-4 if the auditor is changed or there are many subsidiaries, and when shortened notice can be provided for annual filings.
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Every industrial revolution has created a new set of categories and a new set of players.
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2. Central Board of DirectTaxes (CBDT) have
notified the new returns of income tax for the
assessment year 2009-10.
Let us try to understand these new returns in
a question and answer session.
2
WEB ONLINE CA 01-01-2024
3. Q. How many types of new returns have been
notified by the CBDT?
3
A. In all, 8 types of income tax returns have
been notified by the CBDT viz;
ITR-1, ITR-2, ITR-3, ITR-4,
ITR-5, ITR-6, ITR-7 and ITR-8.
WEB ONLINE CA 01-01-2024
4. Q.Who can use ITR-1?
4
A. ITR-1 is meant only for individuals having
income from salary / pension / family
pension and not having any other income
except income by way of interest
chargeable under the head “income from
other sources”.
WEB ONLINE CA 01-01-2024
5. Q. Can an individual having salary income and
also some exempted income (dividend) use
form ITR-1?
5
A. ITR-1 can not be used if the individual has
any other income (except interest income)
in addition to his salary income. Therefore,
if he has dividend income (even though
exempt), he cannot use ITR-1.
WEB ONLINE CA 01-01-2024
6. Q. Can an individual having only interest income
use ITR-1?
6
A. No. ITR-1 can be used only if the individual
has salary income. In this case he should
use ITR-2.
WEB ONLINE CA 01-01-2024
7. Q.Who can use ITR-2?
7
A. Individuals and HUFs not having any income
under the head “Profits or Gains of Business
or Profession” can use ITR-2. In other
words, individuals and HUFs having income
under the head “Profits or Gains of Business
or Profession” cannot use form ITR-2.
WEB ONLINE CA 01-01-2024
8. Q. Can an individual having only salary income
use ITR-2?
8
A. No. An individual having only salary income
should use ITR-1 and he should not use
ITR-2.
WEB ONLINE CA 01-01-2024
9. Q.Who can use ITR-3?
9
A. Individuals and HUFs being partners in firms
and not carrying on any business or
profession as proprietors can use ITR-3.
WEB ONLINE CA 01-01-2024
10. Q.Who can use ITR-4?
10
A. Individuals and HUFs having proprietary
business or profession can use ITR-4.
WEB ONLINE CA 01-01-2024
11. Q. Can an individual having a proprietary
business and also being a partner in a firm
use ITR-4?
11
A. Yes. Individual being a partner and also
carrying on proprietary business should use
ITR-4.
WEB ONLINE CA 01-01-2024
12. Q.Who can use ITR-5?
12
A. ITR-5 is meant for firms, AOPs and body of
individuals. This is a combined return for
income as well as fringe benefits.
WEB ONLINE CA 01-01-2024
13. Q.Who can use ITR-6?
13
A. ITR-6 is meant for companies (other than
companies claiming exemption under
section 11, I.e.section 25 – companies).
WEB ONLINE CA 01-01-2024
14. Q.Who can use ITR-7?
14
A. ITR-7 should be used by charitable trusts,
political parties, section 25 compnaies,
institutions claiming exemption from tax and
universities, colleges, etc.
WEB ONLINE CA 01-01-2024
15. Q.Who can use ITR-8?
15
A. ITR-8 is a stand-alone fringe benefit tax
return and it can be used by assessees who
are not required to file their return of income
but, are required to file their return of fringe
benefits.
WEB ONLINE CA 01-01-2024
16. Q.When does one get to use ITR-8?
16
A. E.g. An AOP whose income is below the
maximum exemption limit is not required to
file its return of income. In such cases, if it
is liable for fringe benefit tax, it is required to
file return of fringe benefits in ITR-8.
WEB ONLINE CA 01-01-2024
17. Q. Can an AOP which has income below the
maximum exemption limit and liable to pay
FBT use ITR-5 instead of ITR-8?
17
A. No. The instructions for ITR-5 makes it clear
that it cannot be used by a person who is
required to file ITR-8.
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18. Q.Where can one get these forms from?
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18
A. These income tax return forms can be
downloaded at
https://webonlineca.com/
19. Q.Which is the income tax rule which prescribes
the form and the manner in which income
tax return is required to be furnished?
19
A. Rule 12 of the Income Tax Rules, 1962
provides for the form and the manner in
which income tax returns are required to be
furnished.
WEB ONLINE CA 01-01-2024
20. Q.What are the different modes of furnishing
the income tax returns available for a
company?
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A. A company can file its return of income in
any of the following 2 modes;
i. Electronically furnishing the return under digital
signature or
ii. Transmitting the data information electronically
and thereafter submitting the verification of the
return in form ITR-V
21. Q. How can partnership firms covered u/s 44AB
furnish their returns?
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21
A. They can furnish their returns in any of the
following 2 modes.
i. Electronically furnishing the return under digital
signature.
ii. Transmitting the data information electronically
and thereafter submitting the verification of the
return in form ITR-V.
22. Q. How can individuals, HUFs, AOPs, body of individuals and
firm not covered by 44AB furnish their returns?
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22
A. They can furnish their returns in any of the following 4 methods.
i. Furnishing the return in a paper form.
ii. Furnishing the return electronically under digital signature.
iii. Transmitting the data in the return electronically and thereafter
submitting the verification of the return in form ITR-V.
iv. Furnishing a bar-coded return in a paper form.
23. Q. How does charitable / religious trusts,
political parties and other non profit
organization should furnish their returns?
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23
A. Such assessees must furnish their returns
only in paper form.
24. Q. Can the returns prescribed for assessment
year 2009-10 be used for filing the returns of
income of earlier years? SayA.Y. 2008-09?
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A. No. The returns meant for 2009-10 can be
used only for the assessment year 2009-10.
For earlier years, the returns meant for
those respective years alone can be used.
25. Q. How does ITR-1 look like?
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26. Q. How does ITR-2 look like?
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27. Q. How does ITR-3 look like?
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28. Q. How does ITR-4 look like?
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29. Q. How does ITR-5 look like?
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30. Q. How does ITR-6 look like?
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31. Q. How does ITR-7 look like?
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32. Q. How does ITR-8 look like?
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33. Q. How does ITR-V look
like?
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34. Q. Is there any requirement to attachTDS
certificates, audit reports, etc., to the
returns?
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34
A. No. Income tax rule 12 provides that the returns of
income shall not be accompanied by any attachments /
annexures.
35. Q. Is there any exception to these rules?
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35
A. Yes. In the case of charitable / religious
trusts, political parties and other non profit
organizations who are filing their returns in
ITR-7 are required to attach audit reports,
advance tax challans, etc. (as was the case
earlier) along with the return of income.
36. Q. Is there any requirement of production of computation of income tax,
copies of balance sheet, profit and loss account,TDS /TCS certificates,
proof of payment of advance tax or self assessment tax etc., before any
authority?
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36
A. Yes. In case jurisdictional assessing officer legally demands
production of any of the above, the assessed is duty bound to
produce such documents before him.
37. Q. In the case of electronic filing of return when
does the assessee obtain his tax audit
report?
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37
A. The tax audit report is required to be obtained before
furnishing of the e-return. The assessee is required to
mention the date and other particulars of tax audit
report in his return of income.
38. Q. Is there any requirement of filing transfer
pricing report?
18-6-2009
Vishnu Ram & Co.
38
A. Yes. Transfer pricing report in form 3CEB is
required to be filed before the due date of
filing of the return and it is to be filed with
the jurisdictional assessing officer.
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39. Q.What are the steps involved in furnishing the return
electronically under digital signature?
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39
A. First of all the user should register himself at the website
https://webonlineca.com/
The return information should be filled in an excel file.
Thereafter, the excel file should be converted into XML file. Affix
the digital signature. Thereafter, using the return submit option in
the website, return should be filed. With this, the process of
furnishing the return will be complete in all respects. If the return
is digitally signed, the system will generate an acknowledgement
which should be kept for reference.
40. Q.What is the procedure for furnishing the return electronically but without
digital signature?
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A. First of all the user should register himself at the website
https://webonlineca.com/
The return information should be filled in an excel file.
Thereafter, the excel file should be converted into XML file. Thereafter, using
the return submit option in the website, return should be filed. There will not
be any affixation of digital signature. The system will generate an
acknowledgement which should be kept for reference.
The system will also generate a bar-coded ITR-V.
The ITR-V that is generated by the system should be sent by post to the
Income Tax Department-CPC, Post Box No. 1, Electronic City Post Office,
Bangalore – 560 100, Karnataka.
The filing of the return will be complete once the ITR-V is posted.
41. Q. Is there a time limit for sending the ITR-V?
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A. ITR-V should be posted within 30 days from the
date of transmitting the data electronically.
42. Q.What happens if it is not posted within 30
days? Or posted beyond 30 days?
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42
A. It will be treated as if the return of income is
not filed.
43. Q. If transmitting the return data electronically
is followed up with ITR-V, what will be the
date of filing the return?
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A. The date of transmitting the data
electronically will be treated as the date of
furnishing the return.
44. Q. Is ITR-V required to be signed by the
assessee?
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44
A. Yes. ITR-V is required to be signed by the
assessed and if it is not signed, it will be
considered as invalid.
45. Q.What happens if the ITR-V is sent beyond
30 days?
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A. It will be treated as if the assessee has never been
furnished his return and he has to go through the
process of filing the return all over again if he wants to
file his return.
46. Q. How will CPC match the ITR-V with the
return of income?
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A. ITR-V is bar-coded and using the bar-code,
CPC will match ITR-V with the return.
47. Q. How does one know that CPC has received
ITR-V?
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A. CPC is expected to send e-mail
acknowledging the receipt of form ITR-V
48. Q. Is there any time limit prescribed for sending
the email?
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48
A. No. There is no time limit prescribed for
sending the e-mail acknowledgement.
49. Q. Can ITR-V be filed with the jurisdictional
assessing officer?
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49
A. No. ITR-V cannot be filed anywhere else
other than CPC.
50. Q. Can ITR-V be filed across the counter in CPC?
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A. No. ITR-V can be sent only by post.
51. Q. Is there only one CPC for the whole of India?
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51
A. Yes. At present, there is only one CPC
situated in Bangalore which will process the
returns filed electronically by assessees all
over India.
52. Q.Who will process the paper returns?
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A. In due course of time, these will also be
processed by the CPC but, till such time as
the infrastructure is put in place, these
returns will be processed by jurisdictional
assessing officers.
53. Q. How does the processing happens in CPC?
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A. The computer system in the CPC will process the data
furnished electronically and match the data for tax
deducted at source, tax collected at source, advance
tax and self assessment tax with the independent
information received from the deducted, collectors and
bankers.
54. Q. How will the matching of these data done?
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54
A. The matching of the data is done by using
the unique transaction numbers and challan
identification numbers. Therefore, proper
mentioning of these numbers is very
essential.
55. Q. Can the returns of income be filed without
UTN?
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55
A. The returns can be filed without UTN but, without UTN
credit for pre-paid taxes will not be given. Therefore,
for filing the returns of income for the assessment year
2009-10, it is essential that assessees wait to get the
UTN in respect of their pre-paid taxes.
56. WEB ONLINE CA 01-01-2024
56
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