Tag Archives: Filing Income Tax Return

Small Salaried Taxpayers Exempted from filing Income Tax Return for Assessment Year 2011-12

The Government after much delay has finally come up with the scheme which, Finance Minister Pranab Mukherjee had proposed in his budget speech for 2011-12, exempting small taxpayers to file their Income Tax Return, in order to reduce the compliance burden on small taxpayers. Highlights of the scheme The Central Board of Direct Taxes has vide NOTIFICATION NO. 36/2011 dated 23 June 2011  notified  the scheme wherein small salaried taxpayers having total income up… Read More »

Have you missed the last date of Filing Income Tax Return….??

  Now that we all know that the due date of filing Income Tax Return for – Individual Salaried employees and – Non corporate assessees (not required to get their accounts audited) is 31st July every year, it is equally important to know whether the return can still be filed after this date. For an ordinary person, it sometimes may create doubt when he fails to file his return before… Read More »