Saturday, March 3, 2018

What is limited scrutiny?

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​​In case of assessment two type of cases have been selected for scrutiny: one is 'Limited Scrutiny' and other is 'Com...

FAQs from income tax india e-Filing portal​

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​​​​​​To see the FAQs from income tax india e-Filing portal​​, please visit at  https://incometaxindiaefiling.gov.in/  ​​​

FAQs from TDS – Centralized Processing C​ell

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​​​​​​​​​​To see the FAQs from TDS – Centralized Processing C​ell, please visit at ​  http://contents.tdscpc.g​ov.in/en​/top-faq.html​​ ...

What are the consequences for furnishing inaccurate statement of financial transaction or reportable account?

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​​​​If a prescribed reporting financial institution referred to in  Section 285BA(1)(k)  who is required to furnish statement of financi...

Is there any remedy available under the act, if a person filed inaccurate or defective statement?

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If any person, after filing the statement, comes to know or discovers any inaccuracy in the information provided in the statement, he sh...

What are the consequences of not filing statement of financial transaction or reportable account?

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​​​​Non-furnishing of statement of financial transaction or reportable account will attract penalty under  section 271FA . Penalty...

Is there any remedy available under the act, if a person does not file the statement within the prescribed time?

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​​  ​Section 285BA(5)  empower the tax authorities to issue a notice to the person who had not filed the statement within prescribed tim...