Taxpayers Get an Enhanced, 'Single Window' Website

A revamped online portal of the Income Tax Department was launched on Monday which will enable taxpayers to file returns or apply for a PAN card through a 'single window' format.

Taxpayers until now had to go to different official websites of the I-T department for these matters.

"An updated version of the website - www.incometaxindia.gov.in - will act as the 'single window' for all activities and online services offered by the I-T department," a senior income tax official said.

"Finance Minister Arun Jaitley was supposed to inaugurate it but due to medical compulsions, he could not do so."

As the website is an important tool for taxpayers, the department launched it on Monday without any delay, the officer added.

The new version of the website has been made more user-friendly and robust and can handle a larger number of visits at a time, the officer said, adding that all the links to PAN card data and e-filing have been centralised on this portal.

"The new website has enhanced features and taxpayers will be able to file their I-T returns online and even apply for a PAN on this portal. (These aspects) were till now hosted on a different official web address of the department," the officer said.

Apart from I-T rules and laws, the website also has 106 other Acts under the IPC and CrPC for ready reference.

Separate icons have been provided on the improved portal providing the locations of various I-T offices in the country, including that of the 'Ombudsman'.

The website will also allow taxpayers to get information about various notices and circulars which are issued from time to time along with other regular developments in the department.

The Central Board of Direct Taxes (CBDT) had envisaged such a website in its ambitious 'Vision 2020' document prepared a few years back and the new website is a culmination of efforts to give better services to taxpayers, the officer said.

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Home Ministry Issues Notices to 10,000 NGO's for Not Filing Tax Returns

The Home Ministry has served notices to more than 10,000 NGOs receiving foreign funds for
failing to submit their mandatory annual returns for three consecutive years from 2009 to 2012.

On scrutiny of records, it has been found that the mandatory annual returns for the years 2009-2010, 2010-2011 and 2011-2012 have not been received from these associations.

Notices are being sent to these associations, the Home Ministry said in its notice.

The associations are advised to submit justification immediately as to why their registration under Foreign Contribution Regulation Act, 2010 should not be cancelled for non-filing of return within a stipulated time period and for violating Foreign Contribution Regulations Rules.

The list of erring foreign-funded NGOs includes the highest 1,441 NGOs in Andhra Pradesh, 1,167 in Uttar Pradesh, 1,108 in Tamil Nadu, 990 in Maharashtra, 821 in Karnataka, 748
in West Bengal, 655 in Bihar, 643 in Orissa, 538 in Kerala, 400 in Delhi, 378 in Gujarat, 38 in Jammu and Kashmir and 130 in Assam besides others.

The Home Ministry's missive to the NGOs has come three months after a classified Intelligence Bureau report had reportedly said of "anti-development" activities by several
foreign funded non-governmental organisations (NGOs), saying they were "negatively impacting economic development" by agitating against big infrastructure projects.

The Home Ministry has directed the NGOs to give details of their income, expenditure, balance sheets among other documents clearly showing the source of foreign funds and the activities for which it has been put to use.

The Ministry has made it clear that apart from the NGOs which are receiving foreign funds on an annual basis, those associations which did not receive foreign contribution during
a particular year, but are registered under the Foreign Contribution Regulation Act (FCRA), are also required to furnish a "NIL return" for that financial year within the
stipulated time frame.

It has categorically said that non-submission of mandatory annual return is in violation of the FCRA 2010 and FCRR 2011.

There are 42,529 NGOs registered under FCRA as on July 16, 2014. However, there is no specific data available in respect of NGOs not registered under FCRA.

For more visit :- http://www.raaas.com

NEW DELHI: All Income Tax offices will remain open on Saturday and Sunday to accept tax returns during the normal office hours.

A direction to this effect was issued by the Central Board of Direct Taxes ( CBDT), an official release said.

The last date for filing income tax returns on July 31. "Special arrangements have also been made by way of opening additional receipt counters, wherever required, from on July 26 to 28 and July 30 and 31 ... to facilitate the ta ..

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Income Tax Due Dates for October 2014

10th October 2014 -​Due date for deposit of Tax deducted/collected for the month of September, 2014

10th October 2014 -​ Due date for deposit of TDS for the period July 2014 to September 2014 when Assessing Officer has permitted quarterly deposit of TDS under Section 192, 194A, 194D or 194H

15 October 2014 -​Quarterly statement of TDS/TCS deposited for the quarter ending September 30, 2014 (applicable in all cases of TDS/TCS except when tax is deducted by an office of the Government)

22 October 2014 -Due date for issue of TDS Certificate for tax deducted under Section 194-IA in the month of September, 2014

30 October 2014 -Quarterly TDS certificate (in respect of tax deducted for payments other than salary by a person not being an office of the Government) or quarterly TCS certificate (in respect of tax collected by any person) for the quarter ending September 30, 2014

31 October 2014 -Annual audited accounts for each approved programmes under section 35(2AA)

31 October 2014 -​ ​​Copies of declaration received in Form No. 60/61 (not being received at the time of opening a bank account) during April 1, 2014 to September 30, 2014 to the concerned Director (Investigation)​

31 October 2014 -​ ​​Quarterly return of non-deduction of tax at source by a banking company from interest on time deposit in respect of the quarter ending September 30, 2014​

31 October 2014 -​Quarterly statement of tax deducted by an office of the Government for the quarter ending September 30, 2014​
- See more at: http://raaas.com

10th October 2014 -​Due date for deposit of Tax deducted/collected for the month of September, 2014

10th October 2014 -​ Due date for deposit of TDS for the period July 2014 to September 2014 when Assessing Officer has permitted quarterly deposit of TDS under Section 192, 194A, 194D or 194H

15 October 2014 -​Quarterly statement of TDS/TCS deposited for the quarter ending September 30, 2014 (applicable in all cases of TDS/TCS except when tax is deducted by an office of the Government)

22 October 2014 -Due date for issue of TDS Certificate for tax deducted under Section 194-IA in the month of September, 2014

30 October 2014 -Quarterly TDS certificate (in respect of tax deducted for payments other than salary by a person not being an office of the Government) or quarterly TCS certificate (in respect of tax collected by any person) for the quarter ending September 30, 2014

31 October 2014 -Annual audited accounts for each approved programmes under section 35(2AA)

31 October 2014 -​ ​​Copies of declaration received in Form No. 60/61 (not being received at the time of opening a bank account) during April 1, 2014 to September 30, 2014 to the concerned Director (Investigation)​

31 October 2014 -​ ​​Quarterly return of non-deduction of tax at source by a banking company from interest on time deposit in respect of the quarter ending September 30, 2014​

31 October 2014 -​Quarterly statement of tax deducted by an office of the Government for the quarter ending September 30, 2014​
- See more at: http://taxguru.in/income-tax/income-tax-due-dates-october-2014.html#sthash.ONQSt1YM.dpuf10th October 2014 -​Due date for deposit of Tax deducted/collected for the month of September, 2014

10th October 2014 -​ Due date for deposit of TDS for the period July 2014 to September 2014 when Assessing Officer has permitted quarterly deposit of TDS under Section 192, 194A, 194D or 194H

15 October 2014 -​Quarterly statement of TDS/TCS deposited for the quarter ending September 30, 2014 (applicable in all cases of TDS/TCS except when tax is deducted by an office of the Government)

22 October 2014 -Due date for issue of TDS Certificate for tax deducted under Section 194-IA in the month of September, 2014

30 October 2014 -Quarterly TDS certificate (in respect of tax deducted for payments other than salary by a person not being an office of the Government) or quarterly TCS certificate (in respect of tax collected by any person) for the quarter ending September 30, 2014

31 October 2014 -Annual audited accounts for each approved programmes under section 35(2AA)

31 October 2014 -​ ​​Copies of declaration received in Form No. 60/61 (not being received at the time of opening a bank account) during April 1, 2014 to September 30, 2014 to the concerned Director (Investigation)​

31 October 2014 -​ ​​Quarterly return of non-deduction of tax at source by a banking company from interest on time deposit in respect of the quarter ending September 30, 2014​

31 October 2014 -​Quarterly statement of tax deducted by an office of the Government for the quarter ending September 30, 2014​
- See more at: http://taxguru.in/income-tax/income-tax-due-dates-october-2014.html#sthash.ONQSt1YM.dpuf10th October 2014 -​Due date for deposit of Tax deducted/collected for the month of September, 2014

10th October 2014 -​ Due date for deposit of TDS for the period July 2014 to September 2014 when Assessing Officer has permitted quarterly deposit of TDS under Section 192, 194A, 194D or 194H

15 October 2014 -​Quarterly statement of TDS/TCS deposited for the quarter ending September 30, 2014 (applicable in all cases of TDS/TCS except when tax is deducted by an office of the Government)

22 October 2014 -Due date for issue of TDS Certificate for tax deducted under Section 194-IA in the month of September, 2014

30 October 2014 -Quarterly TDS certificate (in respect of tax deducted for payments other than salary by a person not being an office of the Government) or quarterly TCS certificate (in respect of tax collected by any person) for the quarter ending September 30, 2014

31 October 2014 -Annual audited accounts for each approved programmes under section 35(2AA)

31 October 2014 -​ ​​Copies of declaration received in Form No. 60/61 (not being received at the time of opening a bank account) during April 1, 2014 to September 30, 2014 to the concerned Director (Investigation)​

31 October 2014 -​ ​​Quarterly return of non-deduction of tax at source by a banking company from interest on time deposit in respect of the quarter ending September 30, 2014​

31 October 2014 -​Quarterly statement of tax deducted by an office of the Government for the quarter ending September 30, 2014​

- See more at: http://taxguru.in/income-tax/income-tax-due-dates-october-2014.html#sthash.ONQSt1YM.dpuf

10th October 2014 -​Due date for deposit of Tax deducted/collected for the month of September, 2014

10th October 2014 -​ Due date for deposit of TDS for the period July 2014 to September 2014 when Assessing Officer has permitted quarterly deposit of TDS under Section 192, 194A, 194D or 194H

15 October 2014 -​Quarterly statement of TDS/TCS deposited for the quarter ending September 30, 2014 (applicable in all cases of TDS/TCS except when tax is deducted by an office of the Government)

22 October 2014 -Due date for issue of TDS Certificate for tax deducted under Section 194-IA in the month of September, 2014

30 October 2014 -Quarterly TDS certificate (in respect of tax deducted for payments other than salary by a person not being an office of the Government) or quarterly TCS certificate (in respect of tax collected by any person) for the quarter ending September 30, 2014

31 October 2014 -Annual audited accounts for each approved programmes under section 35(2AA)

31 October 2014 -​ ​​Copies of declaration received in Form No. 60/61 (not being received at the time of opening a bank account) during April 1, 2014 to September 30, 2014 to the concerned Director (Investigation)​

31 October 2014 -​ ​​Quarterly return of non-deduction of tax at source by a banking company from interest on time deposit in respect of the quarter ending September 30, 2014​

31 October 2014 -​Quarterly statement of tax deducted by an office of the Government for the quarter ending September 30, 2014​

- See more at: http://taxguru.in/income-tax/income-tax-due-dates-october-2014.html#sthash.ONQSt1YM.dpuf

10th October 2014 -​Due date for deposit of Tax deducted/collected for the month of September, 2014

10th October 2014 -​ Due date for deposit of TDS for the period July 2014 to September 2014 when Assessing Officer has permitted quarterly deposit of TDS under Section 192, 194A, 194D or 194H

15 October 2014 -​Quarterly statement of TDS/TCS deposited for the quarter ending September 30, 2014 (applicable in all cases of TDS/TCS except when tax is deducted by an office of the Government)

22 October 2014 -Due date for issue of TDS Certificate for tax deducted under Section 194-IA in the month of September, 2014

30 October 2014 -Quarterly TDS certificate (in respect of tax deducted for payments other than salary by a person not being an office of the Government) or quarterly TCS certificate (in respect of tax collected by any person) for the quarter ending September 30, 2014

31 October 2014 -Annual audited accounts for each approved programmes under section 35(2AA)

31 October 2014 -​ ​​Copies of declaration received in Form No. 60/61 (not being received at the time of opening a bank account) during April 1, 2014 to September 30, 2014 to the concerned Director (Investigation)​

31 October 2014 -​ ​​Quarterly return of non-deduction of tax at source by a banking company from interest on time deposit in respect of the quarter ending September 30, 2014​

31 October 2014 -​Quarterly statement of tax deducted by an office of the Government for the quarter ending September 30, 2014​

- See more at: http://taxguru.in/income-tax/income-tax-due-dates-october-2014.html#sthash.ONQSt1YM.dpuf

10th October 2014 -​Due date for deposit of Tax deducted/collected for the month of September, 2014

10th October 2014 -​ Due date for deposit of TDS for the period July 2014 to September 2014 when Assessing Officer has permitted quarterly deposit of TDS under Section 192, 194A, 194D or 194H

15 October 2014 -​Quarterly statement of TDS/TCS deposited for the quarter ending September 30, 2014 (applicable in all cases of TDS/TCS except when tax is deducted by an office of the Government)

22 October 2014 -Due date for issue of TDS Certificate for tax deducted under Section 194-IA in the month of September, 2014

30 October 2014 -Quarterly TDS certificate (in respect of tax deducted for payments other than salary by a person not being an office of the Government) or quarterly TCS certificate (in respect of tax collected by any person) for the quarter ending September 30, 2014

31 October 2014 -Annual audited accounts for each approved programmes under section 35(2AA)

31 October 2014 -​ ​​Copies of declaration received in Form No. 60/61 (not being received at the time of opening a bank account) during April 1, 2014 to September 30, 2014 to the concerned Director (Investigation)​

31 October 2014 -​ ​​Quarterly return of non-deduction of tax at source by a banking company from interest on time deposit in respect of the quarter ending September 30, 2014​

31 October 2014 -​Quarterly statement of tax deducted by an office of the Government for the quarter ending September 30, 2014​

- See more at: http://taxguru.in/income-tax/income-tax-due-dates-october-2014.html#sthash.ONQSt1YM.dpuf

Professional tax must be paid before Sept 30

Salaried individuals, private establishments and companies should pay half-yearly profession tax before September 30, the Chennai Corporation said on Friday.

"Payment can be made either by cheque or by demand draft drawn in favour of the revenue office, Corporation of Chennai. If anybody fails to pay the profession tax in time, necessary action will be taken to collect the dues with penalty by following due process of law," said a press release from corporation.

Any company that transacts business and every person who is engaged in any profession, trade or employment in the corporation jurisdiction has to pay profession tax under Section 138C of the Tamil Nadu Municipal Laws as amended in 1998.

Every person who is liable to pay profession tax should pay it before September 30 and March 31 every year.

The Tamil Nadu Municipal Act has stipulated tax revision once in five years and the Chennai Corporation hiked the tax last in 2009. 

For more details visit our site:-  Tax adviser in India

5 smart things to know about tax benefits on insurance policies

1. Section 10 (10D) of the Income Tax Act exempts the maturity proceeds received on an insurance policy from being taxed, provided certain conditions are fulfilled.

2. If the premium paid in any year exceeds 10% of the sum assured, the policy will not be eligible for exemption.

3. In case of single premium policies, where the premium paid exceeds 10% of the sum assured, the maturity proceeds are taxed in the year of receipt.

4. Keyman insurance policies, irrespective of the premium as percentage of sum assured, are not eligible for the benefits of tax exemption.

5. If the sum assured becomes payable on a life insurance policy in the event of death, the proceeds are exempt from taxation in the hands of the payee.

For more details visit our site:-  Tax adviser in India

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