10 Changes in Income Tax Return Forms for the Assessment Year 2015-2016

Recently Income Tax Department has issued new ITR forms for Assessment Year 2015-2016. These new forms are also available at efiling portal for Efiling Income Tax Returns. As the last dates for filing these forms are coming close, we have come with our Another list- 10 Changes in Income Tax Return for the Assessment Year 2015-2016.

Most of us rely on Income Tax Return preparation Softwares to Efile Income Tax Returns. We feed the details and software provide us with the Computation, missing data and errors in our XML file and we finalize our Income Tax Return. But have we ever wondered, if the rules used by the software companies are not correct. What will happen then? The answer is coming to us regularly these days in the form of Notice of Defective returns under section 139(9) or wrong processing of the returns under section 143(1). To save oneself and clients we should always look the manual copy of return before efiling it and also try to read the XML file (if possible). Here we are giving 10 things that has changed in ITR this assessment year and we should check it before filing the Income Tax Returns.

Allahabad Bank Concurrent Auditor Empanelment for 2015-2016

Allahabad Bank Invites Application from Chartered Accountants Firms for Empanelment as Concurrent Auditor/Revenue Auditor for the year 2015-2016. The application is to be given in the format prescribed by the Bank and it shall reach the Dy.General Manager, Inspection Deptt, Concurrent Audit Cell, Head office, Fourth Floor, 14, India Exchange Place, Kolkata –700001 only by postal service / courier. The last date for submitting application is 18th August 2015.

Efiling of ITR 3, ITR 4 and ITR 7 Now Available

As the last date to Efiling the Income Tax returns for Non Audited as well as Audited Income Tax Returns are coming close, Income Tax Department is in huge pressure to issue the relevant forms and Utility for accepting the returns.Two days ago we have updated our readers with the notification where by which Income Tax Department has notified the new ITR Forms ITR3, ITR 4, ITR5, ITR 6 and ITR 7. To read the full notification click on below mentioned link:

Income Tax AY 2015-2016- ITR 3, ITR 4, ITR 5, ITR 6 and ITR 7 notified

CA-IPCC May 2015 Results Declared (Rankholders and Pass Percentage)

The Institute of Chartered Accountants of India has today on 31st July 2015 declared the results of CA-IPCC. The examination of different levels of Chartered Accountant Course was held in the month of May 2015 and the results of the CA-Final and CA-CPT was declared earlier this month. To check merit list, pass percentage and results of CA-Final and CA-CPT please click on below mentioned link:

• CA Final and CPT Results May/June 2015 Declared (Rankholders and Pass Percentage)

To check your results please click on below mentioned link of ICAI:

http://www.caresults.nic.in/

Income Tax AY 2015-2016- ITR 3, ITR 4, ITR 5, ITR 6 and ITR 7 notified

The wait is finally over, ITR 3, ITR 4, ITR 5, ITR 6 and ITR 7 has been notified by the Income Tax Department for AY 2015-2016. After waiting for approximately 4 months since the start of the Assessment year, Income Tax has finally given the new ITR forms from ITR 3 on wards.

Income Tax Department has already notified the ITR 1, ITR 2, ITR 2A and ITR 4S earlier this month. To read the News of the same click on below mentioned link:

Efiling ITR-2 and ITR 2-A now Available

Efiling of ITR 1 and ITR 4S for AY 2015-2016 now Available

The new forms will be available for Efiling shortly, till than the Tax Payers and Professionals can take as overview of the form and prepare themselves and their clients for the same. The full notification regarding the new forms is given below:

IPCC May 2015 Result Dates

ICAI has recently notified the result dates for IPCC May 2015 attempt. The CA Final and CPT results was recently issued by the ICAI, to view the Rankholders, Pass Percentage and Results, click on below mentioned link:  http://www.casamachar.com/2015/07/ca-final-and-cpt-results-mayjune-2015.html Given below is the notification issued by the Institute of Chartered Accountants of India regarding the date of the results: The Result of the Chartered Accountants Intermediate (Integrated Professional Competence) Examination held in May, 2015 is likely to be declared on Friday, the 31st July, 2015. - (24-07-2015)

ICAI Examination Dates for Novermber 2015 Announced

Institute of Chartered Accountants has recently announced the Exam Schedule for Novermber 2015 Examination of Chartered Accountant Course. The examination usually happens in the month of May and November 2015. The results for CA Final Examination for May 2015 is already out and of CA IPCC May 2015 is still awaited. To Check CA Final Results, click on below mentioned link:

http://www.casamachar.com/2015/07/ca-final-and-cpt-results-mayjune-2015.html