Income Tax Return in form 1,2,2A,4S now can be filed

Income tax return in  1- SAHAJ, 2, 2A and 4S- SUGAM for AY 2015-16 is now available to be filed on e-filing website-https://incometaxindiaefiling.gov.in. Software has also been released for the same. ITR 1-SAHAJ, 2 and 2A can be used by an individual or …

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New Income Tax Return (ITR) forms notified

CBDT has notified ITR 1, ITR 2, ITR 2A, ITR 4S for assessment year 2015-16. These forms has substituted the old forms. CBDT has extended the due date of filing return of income who doesn’t required to be audited from 31st July …

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RBI reduces the repo rate and bank rate

With effect from 02 June, 2015 the RBI has reduced the repo rate from 7.50% to 7.25% and Bank rate from 8.50% to 8.25%. This will increase the chances of future reduction of interest rates and thus reduces the EMI. Cash reserve …

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