Thursday, July 30, 2015

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:

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:

Friday, July 24, 2015

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:

Given below is the notification issued by the Institute of Chartered Accountants of India regarding the date of the results:

IPCC November 2015 Result Date

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)

Wednesday, July 22, 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:

CA Examination November 2015 Dates Announced

Bank Audit MEF Hosted by ICAI For 2015-2016

As the First quarter of the Financial year 2015-2016 has just completed, Institute of Chartered Accountants of India has started accepting forms from Eligible Chartered Accountant Firms for Audit of Bank Branches all over India. ICAI prepares a list of Eligible Chartered Accountant firms and this list is forwarded to RBI, which in turn forwards it to Public Sector Banks for Selection. This Multi Purpose Empanlment Forms are also used by RRBs and Co-operative Banks to Select their Auditor.

The Form can be filed from the following link:

Thursday, July 16, 2015

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

ICAI Results
ICAI today on 16th July, 2015 has issued the CA Final May 2015 and CPT June 2015 Results. The Results can be seen on ICAI website:

CASAMCAHAR.COM Congratulates all the  students appearing in CA Final May 2015 and CPT June 2015 for clearing their exams. CA Final MAY 2015 Results and CPT June 2015 Results, merit list and Pass percentage are given below:

Wednesday, July 15, 2015

Steps to Link Income Tax Efiling with Adhaar for E-Verification of Return

As we all are aware that from this year onwards E-Verification of Return has been started by the Income Tax Department which will enable ITR V free Income Tax Return Filing. This will help in Efiling Income Tax Return without sending the ITR V to CPC Bangalore. Income Tax Department has started EVC filing and has also laid down the steps to be followed by an assessee to file ITR V free Income Tax Returns.

Below are the three ways through which the Income Tax Return can be filed:

1 e-Verification while uploading a return (Non -NetBanking) 
2 e-Verification of an already uploaded return (Non -NetBanking)
3 e-Verification while uploading a return through NetBanking Login

Thursday, July 9, 2015

Digitally Signing of Invoices Service Tax and Excise

In today's era of digitization, more and more Small and Medium Enterprises are moving Online. There are more use of Computers, internet, ERP Softwares, Online Billing etc. than it was before. Businessmen are using all sorts of new technologies which will save their time and efforts, one of such technology is of Online Invoice printing and signing. Many of the software provider are  providing these facilities and it saves a lot of time especially of those enterprises where there are more than hundreds of billing everyday. Use of Digital signature is gaining a lot of popularity and as the people are getting educated about the advantages of the system, they are getting inclined towards it.

 Digital signature certificates comes in 3 classes i.e. Class I, Class II and Class III. The Information Technology Act has made the DSC signing at par with manual signing. Income Tax, Sales Tax, Company Law, all are making Digital Signing mandatory and so the Central Board of Excise and customs. Central Board of Excise and Customs with its latest Notification No. No.  18/2015-Central Excise (N.T.) has issued procedure and safeguards to be followed if the Tax payer wants to issue invoices in Digital form with Digital Signature.

Now a Taxpayer can Digitally sign the Invoices issued to there clients and customers. The salient features and procedure for getting the assesse power of Digital Signing is given below: