Due to recent violence in the State of Gujarat and dislocation of general life due to recent disturbances, CBDT has extended the due of filing of ITR from 31st Aug-15 to 7th Sep-15. This order has been passed under Section 119 of the Income-gax Act, 1961. Now the residents of Gujarat can file their ITR…
CBDT has issued order to its officer to select cases for scrutiny for F.Y. 2015-16. Following are the cases where ITR will be scrutinized manually as well: a) Cases involving addition in an earlier assessment year in excess of Rs. 10 lakhs on a substantial and recurring question of law or fact which is either…
NEFT and RTGS are two systems to transfer funds from one account to another account. Many people in India use NEFT to transfer funds to another person. NEFT takes some time (max 4 hours) to transfer funds and on holiday and after working hours, this system does not work. RTGS, on the other hand, is…