CA Ravindra Patil

Khup sunder.. Nakki vacha १०० लोकांचा एक समूह आयुष्यावर वक्तव्य करणाऱ्या एका प्रख्यात वक्त्याचा सेमिनार अटेन्ड करीत होते... त्या वक्त्याने प्रत्येकाकडे एकेक फुगा (balloon) दिला . प्रत्येकाने फुगा फुगवायचा आणि त्यावर आपले नाव टाकून हॉल मध्ये सोडायचा होता. सर्व लोक कामाला लागले. प्रत्येक जण आपण फुगवलेल्या फुग्यावर स्वतः चे नाव टाकीत होता. बघता बघता हॉल १०० फुग्यांनी भरून गेला... नंतर त्या वक्त्याने सर्वांना ५ मिनिटांचा अवधी दिला आणि इतक्या साऱ्या फुग्यांतून स्वतः चे नाव असलेला फुगा शोधायला लावला.!! इतक्या भरगच्च फुग्यांतून स्वतः फुगवलेला फुगा शोधताना सर्वांची तारांबळ उडाली. ५ मिनिटे संपली तरीही कुणीही स्वतः च्या नावाचा फुगा शोधू शकला नाही!! ... नंतर त्या वक्त्याने प्रत्येकाला कुणाचेही नाव असलेला एक फुगा उचलायला सांगितले. प्रत्येकाने एकेक फुगा उचलला. वक्त्याने प्रत्येकाला सांगितले की आपल्याकडे ज्याच्या नावाचा फुगा आहे त्या माणसाला तो फुगा देऊन टाका. अश्या प्रकारे प्रत्येकजण आपल्या हातातील फुग्यावर ज्याचे नाव आहे त्याला तो देऊ लागला आणि २ मिनिटांत प्रत्येकाकडे स्वत...

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Obligation to file return Every individual whose total income before allowing deductions under Chapter VI-A of the Income-tax Act, exceeds the maximum amount which is not chargeable to income tax is obligated to furnish his return of income. The maximum amount not chargeable to income tax in case of different categories of individuals is as follows:- Sl. No. Category Amount (in `) 1 In case of individuals below the age of 60 years 250000 2 In case of individuals, being resident in India, who are of the age of 60 years or more at any time during the financial year 2015-16 but below the age of 80 years i.e. born during 1.4.1936 to 31.3.1956 300000 3 In case of individuals, being resident in India, who are of the age of 80 years or more at any time during the financial year 2015-16 i.e. born before 1.4.1936 500000 Due Date of Income Tax Return for the A.Y...

Taxpayers should follow following things, to not get stumped: 1)        To claim deduction under section 80C e.g. provident fund, insurance, etc., investment should be made before 31 st  March. 2)        Salaried persons should provide the details of investments to employer, so that less TDS will be deducted in the month of March. 3)        If advance tax is not paid before 15 th  March, then it should be paid before 31 st  March, so that less interest will be levied. 4)        If Income Tax return of March 2014 is not filed, then it can be filed before 31 st  March 2016. 5)        If there is a difference in 26AS and Income as per income tax return, enquiry may come. 6)        If turnover of business is more than 1 crore, then tax audit is required to be done. 7)  ...

Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes PRESS RELEASE New Delhi, 23 rd  March, 2016 Sub: Inclusion of interest income in the return of income filed by persons liable to pay tax- regarding- Information regarding interest earned by individuals and business entities on term deposit is filed with the Income Tax Department by banks including co-operative banks and other financial institutions and state treasuries, etc. Form 26AS reflects only those payments on which tax has been deducted and it can be viewed by the individual tax payer by logging in to  www.incometaxindiaefiling.gov.in.   The information about interest payments without deduction of tax is also filed by the payer with the Department. Central Board of Direct Taxes would like to inform the persons earning interest income that interest credited/received on deposits is taxable unless exempt under section 10 of the Income-tax Act. Such interest inc...