Renew Your Membership by 31st October 2024! Renew Now!

May 2014

New tax returns forms notified – Notification no- 24/2014 [S.O. 997(E) dated 1 April, 2014 – Income tax (Fourth amendment) Rules, 2014

By Pinky Shah, Sonalee Godbole, Chartered Accountants
Reading Time 1 mins
fiogf49gjkf0d
New forms SAHAJ (ITR-1), ITR-2, SUGAM (ITR-4S) and ITR-V” have been notified. Further Rule 12 has been amended with effect from 1st April, 2014 and provides as under :

a) Every partnership firm is required to file its return of income for A.Y. 2014-15 and in subsequent years electronically.

b) Every political party (if its income exceeds the maximum amount not chargeable to tax) is required to file its return of income for A.Y. 2014-15 and in subsequent years electronically.

c) Every Charitable officer by filing form 10. It is now provided that Form 10 is required to be filed electronically.

Download PDF

You May Also Like

Economic Governance Needs A Lighter Touch

Intervention application opposing amalgamation – Direct Tax Circular No. 279-Misc.-M-171- 2013-ITJ dated 11th April 2014 –