Monthly Archives: April 2016

8 mistakes that one should avoid doing in new financial year

It’s now beginning of new financial year as well as beginning of financial planning for the year. Taxpayers should complete some of activities at initial stage itself. The March year closing hangover must have been over till now, but if you take up the following tasks at start of new financial year itself, it can… Read More »

CBDT appeals taxpayer to make a use of online rectification facility

Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes PRESS RELEASE New Delhi, 1st April, 2016 Sub: Request to taxpayers to avail facility for online rectification – regarding Income-tax Act provides the taxpayer with an option to seek rectification of mistakes apparent from record under section 154 of the Act.… Read More »

ITR forms for AY 2016-17 – Paper Filing Format

ITR forms for AY 2016-17 – paper filing format has been notified by the income tax department. As speculated, the Income Tax Department has notified the ITR Forms for Assessment Year 2016-17 much earlier, though the schema for electronic filing is yet to be made available hope to get it soon as well. Below we… Read More »