Jul 312012
 

As per the latest press release at income tax website

(i)  it will not be mandatory for agents of non-residents, within the meaning of section 160(1) (i) of the Income –tax Act, if his or its total income  exceeds ten lakh rupees, to electronically furnish the return of income of non-residents for assessment year 2012-13;

(ii)  it will not be mandatory for ‘private discretionary trusts’, if its total income exceeds ten lakh rupees, to electronically furnish the return of income for assessment year 2012-13.

You can read the full text of the press release at http://incometaxindia.gov.in/archive/PressRelease_Efiling_31072012.pdf

Jul 312012
 

Income tax return filing due date for all assesses who are required to file by 31st July 2012 has been extended to 31st August 2012.

As per Income Tax Notification dated 31st July 2012, this has been done on consideration of disturbance of general life cause due to failure of power.

So relax, you can now file by 31st August 2012.

You can read the full text of notification at http://incometaxindia.gov.in/archive/BreakingNews_Section119_31072012.pdf

Jul 272012
 

Dear All

We are excited to announce our own presence in blogging world. On this blog, we will keep everybody posted and informed about various statutory compliance changes in HR/Payroll/Taxation world. We will also leverage this platform to keep you updated about our products, features, new arrivals. Information about new technology works around the world will be a bonus.

We invite & hope to see everybody participating with their invaluable comments. Do let us know about your feedback and oblige us.

Thanks & regards

Sensys Team