Guide to Taxation and Legal Concern |Simplified Laws » Salary http://www.simplifiedlaws.com Simplified Laws is not just about tax Laws. but about ‘Laws of Life’. Sat, 12 Nov 2016 00:58:35 +0000 en-US hourly 1 All about E assessment or Paperless Assessment proceedingshttp://www.simplifiedlaws.com/e-assessment-or-paperless-assessment-email-communication/ http://www.simplifiedlaws.com/e-assessment-or-paperless-assessment-email-communication/#comments Sun, 31 Jul 2016 01:18:30 +0000 http://www.simplifiedlaws.com/?p=6688 As a part of e-governance initiative to facilitate compliance, a taxpayer friendly measure in the form of a scheme for E assessment through e-mail has been introduced in seven cities of Ahmedabad, Bengaluru, Chennai, Delhi, Hyderabad, Kolkata and Mumbai. Income tax department has already started seeking consent for use of email based communication for paperless ...

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How to handle notice received for Non-Filing of Income Tax Return – Asst Year 2013-14http://www.simplifiedlaws.com/non-filing-of-income-tax-return-notice-nms/ http://www.simplifiedlaws.com/non-filing-of-income-tax-return-notice-nms/#comments Mon, 11 Jul 2016 20:21:59 +0000 http://www.simplifiedlaws.com/?p=4099 Income tax department has started sending notices to non-filers for the assessment year 2014-15. The income tax department has been capturing information on financial transactions /activities relating to you through Non-filers Monitoring System (NMS). This year NMS has identified 58.95 lakhs non-filers (Cycle 4 -2015) with potential tax liabilities for AY 2014-15. The number of non-filers ...

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“E-filing Vault” New functionality to secure their E-filing accounthttp://www.simplifiedlaws.com/e-filing-vault-new-functionality-to-secure-their-e-filing-account/ http://www.simplifiedlaws.com/e-filing-vault-new-functionality-to-secure-their-e-filing-account/#comments Mon, 04 Apr 2016 09:34:35 +0000 http://www.simplifiedlaws.com/?p=6529 Press Release dt 4-04-2016:  Release of new functionality to taxpayers to secure their E-filing account -reg The Income Tax Department has from time to time issued advisories regarding the need to avoid phishing emails and to carefully protect the passwords, OTPs and not share them with others. In order to ensure that taxpayers are able ...

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Streamlining scrutiny assessment proceedings and facilitating electronic communicationhttp://www.simplifiedlaws.com/streamlining-scrutiny-assessment-proceedings-and-facilitating-electronic-communication/ http://www.simplifiedlaws.com/streamlining-scrutiny-assessment-proceedings-and-facilitating-electronic-communication/#comments Thu, 31 Dec 2015 11:51:37 +0000 http://www.simplifiedlaws.com/?p=4720 Central Board of Direct Taxes (CBDT) issued a press release on 31-12-2015 regarding streamlining scrutiny assessment proceedings and facilitating electronic communication. The Income Tax Department is committed to providing fair and transparent tax administration and continuously improve taxpayer services. Taking another step in this direction, Central Board of Direct Taxes (CBDT) has issued instructions to the ...

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Student-trainees are not employees for the purpose of Provident Fund (EPF)http://www.simplifiedlaws.com/student-trainees-are-not-employees-for-the-purpose-of-provident-fund-epf/ http://www.simplifiedlaws.com/student-trainees-are-not-employees-for-the-purpose-of-provident-fund-epf/#comments Wed, 11 Nov 2015 09:27:03 +0000 http://www.simplifiedlaws.com/?p=4478 Public Sector Undertakings comes under EPFO scanner EPFO concentrates on workers in the construction sector Student trainees are not employees for the purpose of EPF & MP Act, 1952. New Delhi, 5 November 2015: While taking stock of the various developments in EPFO during the month of October, 2015, Shri K.K. Jalan, CPFC noted that several ...

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Compliance of Non-filers Monitoring System (NMS) for AY 2014-15http://www.simplifiedlaws.com/compliance-of-non-filers-monitoring-system-nms-for-ay-2014-15/ http://www.simplifiedlaws.com/compliance-of-non-filers-monitoring-system-nms-for-ay-2014-15/#comments Sat, 07 Nov 2015 01:01:57 +0000 http://www.simplifiedlaws.com/?p=4459 Income Tax Department has identified non filers who have done high-value transactions during the Assessment  Year 2014-15 (Financial Year 2014-15) and started sending sms, email in batches with effect from 6th Nov 2015. Centralised Processing Cell-Compliance Management (CPC-CM) has carried out data analysis to identified non filers about whom specific information was available in various sources ...

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CBDT clarification regarding refunds and scrutiny assessmentshttp://www.simplifiedlaws.com/cbdt-clarification-regarding-refunds-and-scrutiny-assessments/ http://www.simplifiedlaws.com/cbdt-clarification-regarding-refunds-and-scrutiny-assessments/#comments Mon, 05 Oct 2015 12:43:21 +0000 http://www.simplifiedlaws.com/?p=4320 Time and again the Central Board of Direct Taxes (CBDT) is giving clarifications regarding the Income Tax refunds and the process of selection of cases for scrutiny assessment. There is a misconception among the general public that the Income Tax Officers (ITOs) can pick up the cases for scrutiny as per their wish. Here is ...

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Scrutiny notice (CASS) u/s 143(2) of income tax to be served before 30-09-2015http://www.simplifiedlaws.com/scrutiny-notice-cass-us-1432-of-income-tax-to-be-served-before-30-09-2015/ http://www.simplifiedlaws.com/scrutiny-notice-cass-us-1432-of-income-tax-to-be-served-before-30-09-2015/#comments Sun, 20 Sep 2015 01:19:58 +0000 http://www.simplifiedlaws.com/?p=4158 Central Board of Direct Tax (CBDT) has approved and finalised the parameters for selection of cases under Computer Aided Scrutiny Selection of Cases (CASS) on 28-08-2015 and 1st cycle of all the notices selected under section 143(2) of income tax (CASS) has already been despatched by assessing officer. (AST – Instruction No. 137 dt 28-08-2015) ...

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Limited Scrutiny selected under Computer Assisted Scrutiny Selection (CASS)http://www.simplifiedlaws.com/limited-scrutiny-selected-under-computer-aided-scrutiny-selection-cass/ http://www.simplifiedlaws.com/limited-scrutiny-selected-under-computer-aided-scrutiny-selection-cass/#comments Thu, 10 Sep 2015 04:38:06 +0000 http://www.simplifiedlaws.com/?p=4114 At present, income tax return filed by tax payers are mostly accepted by income tax department without any questions except processing and sending intimation u/s 143(1) of income tax Act.  In a very small percentage of cases scrutiny assessment are conducted u/s 143(3) of the income tax act and cases for this purpose are selected ...

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No Extension of Date for Filing of Returns due by 30th September for Assessment Year 2015-16http://www.simplifiedlaws.com/no-extension-of-due-date-30th-september/ http://www.simplifiedlaws.com/no-extension-of-due-date-30th-september/#comments Wed, 09 Sep 2015 09:57:38 +0000 http://www.simplifiedlaws.com/?p=4107 No Extension of Date for Filing of Returns due by 30th September for Assessment Year 2015-16 for Certain Categories of Assessees Including Companies, and Firms and, Individuals Engaged in Proprietary Business/Profession etc whose Accounts are required to be Audited; Taxpayers are Advised to file their Returns Well in Time to Avoid Last Minute Rush   ...

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