Fiscal year

Income Tax Offices to remain open on 30th and 31st March 2013

SECTION 119 OF THE INCOME TAX ACT, 1961 - INCOME TAX AUTHORITIES - INSTRUCTIONS TO SUBORDINATE AUTHORITIES - ORDER FOR FACILITATING FILING OF IT RETURNS BY TAX PAYERS FOR F.Y. 2012-13 ON 30th & 31st MARCH, 2013 ORDER [F. NO. 225/45/2013/ITA.II], DATED 13-3-2013 The Financial Year 2012-13 closes on 31-3-2013. In view of holidays on 27th and… Read More

Tags: Central Board of Direct TaxesFinancial Year 2012-13Fiscal yearIncome taxIncome-tax OfficesThe Income-tax Act 1961

IT Department Urges Taxpayers to Pay all Self- Assessment Tax Dues by 31ST March

The Income-tax Act requires that the tax payable on the returned income after taking into account prepaid taxes, should be paid before furnishing the return. An analysis of returns filed electronically in the current Financial Year (2012-13) reveals that nearly 73,388 taxpayers have defaulted on such payments aggregating to Rs. 3,859 crore. Income-tax Department urges… Read More

Tags: Accounts payableAdvance corporation taxDefault (finance)Filing (legal)Fiscal yearIncome Tax ActPaymentProperty taxTax

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