E return mandatory for Firm,LLP,Political Party,etc

As per new notification 24/2014, from the assessment year 2014-15 and subsequent assessment years E-Return is mandatory with or without digital signature for the following persons :-

  1. Firm who is NOT require to audit u/s 44AB;
  2. AOP;
  3. BOI;
  4. LLP;
  5. Others  person required to furnish the return in Form ITR-5

Further Political Party who require to file return under section 139(4B) require to furnish return electronically under digital signature from assessment year 2014-15 and subsequent assessment years.

Refer Notification 24/2014

Notice u/s 11(2) require to furnish electronically

A proviso to Rule 12(2) required to furnish the Audit Report electronically under section 10(23C), 10A, 10AA, 12A(1)(b), 44AB, 44DA, 50B, 80IA, 80IB, 80IC, 80ID, 80JJAA, 80LA, 92E, 115JB, 115VW of the act.

Now, the Charitable trust is also require to furnish notice electronically for the purpose of claiming exemption under section 11(2). Continue reading

PIPL & FPPL approval withdrawn for the purpose of section 80IA

Earlier, M/s Pantheon Infrastructure Private Limited and Finest Promoters Private Limited who developing and maintaining industrial park has been notified for the purpose of section 80IA(4)(iii).

Now the approval  granted to above undertakings has been WITHDRAWN.

Refer Notification 20/2014

Refer Notification 21/2014