Showing posts with label deduction of Income Tax.. Show all posts
Showing posts with label deduction of Income Tax.. Show all posts

Wednesday, July 15, 2015

Taxpayer may verify his return through Internet Banking or through Aadhaar based authentication process

Press Information Bureau 
Government of India
Ministry of Finance

Taxpayer may verify his return through Internet Banking or through Aadhaar based authentication process

Commencement of Electronic Verification of Income Tax Returns for AY 2015-16

To facilitate the taxpayers and to provide end-to-end e-enabled services, the Income Tax Return for A.Y. 2015-16 can now be verified electronically.

A taxpayer may verify his return through Internet Banking or through Aadhar based authentication process. Persons using this facility will not be required to submit a signed paper copy of ITR-Verification form (ITR-V) to CPC Bengaluru.

For the convenience of small taxpayers having total income of Rs. 5 lakhs or below without any claim of refund, facility for generating Electronic Verification Code (EVC) has also been provided on the E-filing website of the Department. In such cases EVC will be sent to the Registered Email ID and Mobile Number of person to enable him to thereafter use this code to verify the return.

In case a taxpayer is unable to electronically verify the ITR using the EVC for any reason, then, the signed copy of ITR-V may be sent within the specified time of 120 days to CPC Bengaluru by Ordinary post or Speed post.

Details regarding e-verification are available in Notification 2/2015 in issued on 13th July 2015 at http://incometaxindia.gov.in/news/evc_notification-13-07-2015.pdf.

Taxpayers are requested to use Electronic Verification facility in view of the convenience and flexibility offered. Taxpayers are also requested to e-file their returns early to avoid the rush closer to the last date.
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Wednesday, December 29, 2010

Reckoning of Running Allowance as pay for the purpose of deduction of Income Tax.


GOVERNMENT OF INDIA
MINISTRY OF RAILWAY
(RAILWAY BOARD)

No. F(X)I-91/23/3                                                          
 New Delhi, Dated;28.12.2010

As per Standard List I, II,III

Sub.: Reckoning of Running Allowance as pay for the purpose of deduction of Income Tax.

In continuation of Board’s letter of even number dated 13.07.2000, a copy of the Notification of Ministry of Finance (Central Board of Direct Taxes) No. S. 0. 2820(E) dated 22 November 2010 regarding substitution of the letters figures and words “Rs.6,000/- per month" with letters, figures and words, Rs. 10,000/- per month”, in the Income Tax rules 1962 In rule - 2BB in Sub rule (2) in the table against serial number 4 in column 4 is enclosed for information and guidance

Receipt of this letter may please be acknowledged.

(V. Rama Manohar Rao)
Joint Director, Finance(Exp)-I
Railway Board

Source;airf
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