LAST DATE TO E-FILE MVAT AUDIT REPORT Form 704 IS EXTENDED UPTO 15 FEBRUARY 2011
Kind Attention to all MVAT Dealers.Maharashtra Sales Tax Department has finally issued Circular No. 03T of 2011 dated on 31.01.2011, extending the due date for Maharashtra VAT Audit upto 15th February 2011. The date has further extended upto 15th February 2011.
The MVAT Audit Report is to submitted electronically in Form No.704. The dealer has to submit the MVAT Audit Report manually along with the required documents on or before 25th February 2011.
The Department proposes to take stern action against those who fail to submit correct and complete Audit Report and requisite documents within the aforesaid time period.
In order to avoid initiation of penalty proceeding, it is mandatory for dealer to upload the MVAT Audit Report on or before 15th February 2011.
It is mandatory to file e-return for all the vat dealers. Last date to upload your return is on or before 21st Feruary 2010. No physical returns will be accepted in the bank as well as in Sales Tax Office. Submission of e-return acknowledgement is not required in Sales Tax Office. From 1st April 2011 onwards VAT dealers who have to file returns 6monthly have to made their VAT liability payments through net banking i.e e-payments
Failure to pay your tax and file return will attract a penalty of Rs.5000/- along with other penal action.
INCOME TAX RETURN FILING DUE DATE EXTENDED UPTO 04 AUGUST 2010
The the last date to file your income tax return for A.Y. 2010-11 have been extended up-to 4th August 2010. Previously it was 31st July 2010. All returns paper returns & e – returns filled on or before 04th August 2010 will be considered as filed within due date.
The decision was taken in view of some technical snags in the e-filing computer system, and inclement weather at various locations, due to which taxpayers have reported difficulties in filing or uploading income tax returns. The decision was taken by CBDT.
GO GREEN: FILE YOUR RETURNS ONLINE
Every organization is doing something or other to save our planet. As an individual we can also help in retaining the green carpet on earth by filing your return online.
Facts
• On an average an individual tax return prepared on the paper requires around 20 sheets of paper for photocopies & printouts.
• An individual typically spends 10-20 productive hours to get his or her tax return to be filed.
• Printouts & photocopies typically run into 10-15 pages per employee.
Benefits of E-Return
• All electronically filed returns are processed on priority basis at all the income tax department’s centralized processing center at Bangalore so that the refunds can be issued faster.
• No need to stand in a queue at income tax office.
• E filing process saves 10000 productive man hours.
• More over it saves Lakhs of rims of paper thus saving million trees.
• E return requires just 10-20 minutes to e-file.
How to file e-return?
The following steps will lead you to file your return electronically.
• Log on to www.incometaxindiaefiling.gov.in
• Click on “Download” menu.
• Select appropriate type of return.
• Download the Return Preparation Software for selected return form.
• Fill the Excel Utility return offline and generate XML file.
• New users need to create login account, for that click on “New User”.
• After you have successfully created your account, an activation link will be emailed to the user.
• Log on with your id/password.
• Click on “Submit Return” & select “”.
• Click on relevant form.
• Browse to select XML file & click on “Upload” button.
• On successful upload acknowledgment delayed would be displayed. Click on “Print to generate printout of acknowledgment/ITR-V.
• You can also digitally sign your return. In that case you can just have to keep the Acknowledgment for your record.
• In case you have not digitally signed the return. The ITR-V/ Acknowledgment cum verification form needs to be signed & mailed to Post Bag No.1, Electronic City Post Office, Bengaluru, Karnataka-560100, by ordinary post or speedpost only within 120 days from the date of transmitting the data electronically.
• ITR-V sent by Registered post or courier will not be accepted.
• You can also check your e-filing processing status by log-in with your user id/password & click on My Account.
This completes the E Return filing process. So, why to wait for 31st July. File your return online in just a few minutes & save environment.
LAST DATE FOR VAT RETURN HAS BEEN EXTENDED
Kind attention to all VAT dealers in Maharashtra! Pay your tax in the bank on or before 21st October 2009 for the period ending September 2009.
It is mandatory to file e-return for all the vat dealers. Last date to upload your return is on or before 09th November 2009. Previously it was 31ST October 2009. No physical returns will be accepted in the bank as well as in Sales Tax Office. Submission of e-return acknowledgement is not required in Sales Tax Office.
Failure to pay your tax and file return will attract a penalty of Rs.5000/- along with other penal action.
To compute your VAT liability & to file your VAT returns visit us:
Harshal V. Kulkarni
Certified Financial Consultant,
Add: IInd Floor, Plot No. 259, Bajaj Nagar,
West High Court Road, Nagpur (West),
PIN 440010, Maharashtra, India.
Or
Call us: +91-712-6625979