Income tax, corporate Laws and Finance

Saturday 2 March 2013

General Budget 2013 - India by Finance Minister P Chidambaram

Sunday 4 November 2012

Extension of time limit for filing of ITR-0 V forms for A.Y. 2010-11 and A.Y. 2011-12 upto 31-12-2012

Extension of time limit for filing of ITR-V forms for A.Y. 2010-11 and A.Y. 2011-12 upto 31-12-2012 as per the attached nitifications.

Sevice Tax e-Filing Site Will not be available available from 3rd Nov-8th Nov on account of upgrades in the system.

Press Information Bureau
Government of India
Ministry of Finance

02-November-2012 17:56 IST

New E-Filing Project Conceptualized to take the E-Services to the Next Generation; in order to make the New Portal Live, E-Filing Services to the Tax Payers through the Existing Portal will not be available from 3rd November to 8th November, 2012.

In view of the overwhelming response from the tax payers and growth of e-filing, a new e-filing project has been conceptualized in order to take the e-services to the next generation.

Under the new e-filing set-up not only the Income Tax Return (ITR) forms but also other income tax forms are proposed to be made available for electronic filing along with other web enabled services.

In order to make the new portal live, the migration of data from the old set-up to the new set-up is in process. Due to this, e-filing services to the tax payers through the portal https://incometaxindiaefiling.gov.in will not be available from 3rd November to 8th November, 2012.

The e-filing service will resume with various new additional services like multiple mode of e-filing of returns: help desk through call centre and e-mail support, provision of online forms, pre-filing of data in forms, and availability of offline e-forms.

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Monday 1 October 2012

Due date for Filing Form 23B Extended to 23.12.2012

General Circular No.31/2012Dated: – 28th September, 2012
Sub: Filing of form 23B by statutory auditor for the accounting year 2012-13The Ministry had issued circular No. 14 of 2012 whereby the fees was imposed on filing of 23B as per schedule X of the Act. To ensure smooth filing of the forms 23AC (Non-XBRL) and 23ACA (Non-XBRL) with the approval of the competent authority, the filing of e-form 23B is extended without any additional fees till 23/12/12 or due date of filing, whichever is later.
Yours Faithfully
Sanjay Kumar Gupta
(Deputy Director)

Due Date Further Extended for Filing of Annual Returns with ROC

Due Date Further Extended for Filing of Annual Returns with ROC

General Circular No.30/2012, Dated: – 28th September, 2012Sub: Filling of Balance Sheet and profit and loss Account by companies in Non-XBRL for the accounting year commencing on or after 01.04.2011.

The Ministry has issued general circulars No. 21/2012 dated 28/09/12 and No. 28/2012 dated 03/09/12 extending time for filing e-form 23AC (Non-XBRL) and 23ACA (Non-XBRL) up to 15/10/12 or within 30 days from the date of AGM whichever is later. The revise e-forms 23AC (Non-XBRL) and 23ACA (Non-XBRL) have now been notified vide notification dated 24/09/12 and shall come into effect from 30/09/12.
In order to ensure smooth filing and to avoid last minute rush, it is to inform you that with the approval of the competent authority, the due date of filing of e-forms 23AC (Non-XBRL) or 23ACA (Non-XBRL) as per new schedule VI is now further extended in following manner without any additional fees:-

(a) Company holding AGM or whose due date for holding AGM is on or before 20/09/12, the time limit will be 03/11/12 or due date of filing, whichever is later.
(b) Company holding AGM or whose due date for holding AGM is on or after 21/09 /12, the time limit will be 22/ 11/ 12 or due date of filing, whichever is later.

Yours faithfully,
Sanjay Kumar Gupta
(Deputy Director)

Monday 23 July 2012

MCA has extended date of filing Form 23B to 4th August’12 without any fee

MCA has extended date of filing Form 23B to 4th August’12 without any fee

This is to inform you about this announcement from MCA website regarding filing of Form 23B:
“Ministry vide circular number 14/2012 dated 21.06.2012 had imposed fees on Form 23B (Information by auditor to Registrar) w.e.f. 22/07/2012. Kindly note that the last date for filing the Form 23B without fee has been extended for two weeks. Fee shall be charged on any eForm 23B filed on or after5th August, 2012. You are therefore advised to file the pending eForms within the time limit to avoid any last minute rush.”

Please see relevant notification in MCA website- www.mca.gov.in