Solution to Denial of Service at ITD eFiling Website

I have a suggestion with respect of Income Tax Returns Compliance based on the proposition of Queing Theory – creation of parallel queues reduce waiting time and length of queues. At present, there are principally only Three Due Dates for Filing of Income Tax Returns (31 July – Non Audit | 30 September – Tax…More

e-Assessment under The Income Tax Act

The term “e-assessment”, in its broadest sense means the use of Information Technology Tools for the purpose of Assessments under the Income Tax Act, 1961. The Finance Bill, 2016 which proposes to amend various provisions of the Income Tax Act, 1961 read with Rule 127 of Income Tax Rules, 1962 and the Notification No. 2/2016…More

New Tax Audit Report Forms – A Suggestion

The CBDT has vide Notification No. 33/2014 dated 25th July 2014 published the Income-tax (7th Amendment) Rules, 2014 wherein new Tax Audit Report Forms 3CA, 3CB and 3CD have been prescribed with immediate effect (that is date of publication in Official Gazette of India.) The new Form 3CD is far more expansive and seeks a…More