can I file my return after july 31?,

The last date of filing Income tax return was 31st July 2009 for financial year 2008-09. (individual not business income whose account has been audited.). But nothing to worry you can file it up to 31st march 2010 without any penalty.

But don't think you can postpone your tax liability.You are liable to pay simple interest(1% for every month or part of a month of delay of filing of return) on your tax payable(after deducting TDS and advance Tax), if there is no tax payable then you can get satisfied(don't need to pay any interest.)

You can deposit/file your return without any penal interest and penalty up to 31st march 2010.

Use the following instruction to file your ITR

before that Obtain Digital signature

Return filed under section

Every tax filer will have a common question on what to choose in the drop down as "Return filed under section" we have 5 options correct?

11 - u/s 139(1)
12 - u/s 139(4)
13 - u/s 142(1)
14 - u/s 148
15 - u/s 153A

which one to choose and what they mean?

11 - u/s 139(1): Voluntarily before the due date (This is the one you need to choose now)
12 - u/s 139(4):Voluntarily after the due date
13 - u/s 142(1): In response to notice under section 142(1)
14 - u/s 148 : In response to notice under section 148 14
15 - u/s 153A:In response to notice under section 153A 15

File your tax return for free 2010 Julu 31st last date....

tax filing for 2009

I am going to help all as to how to file income tax return online for free and who has to file which ITR forms. If you need any assistance feel free to mail me at saidigitalsignature@gmail.com or call 9902977233.

Return preparation software in Excel format has now been released for ITRs 1, 2, 3,and 4. This may be used for preparation of E-Return for AY 2009-10. The uploading of E-Returns for AY 2009-10 will be enabled shortly. Please ensure that you verify TDS/ TCS and Advance tax or Self Assessment Tax Payments using 26 AS form available on NSDL website. The same has also been sent to your email id as given in the E-Return filed for AY 2008-09. In case any entry is missing, please contact the Deductor or Bank as the case may be and intimate your PAN for correction. You may not get credit for TDS / TCS or Tax payment entries that are not available and matching with the database available with the Department.



Every new user has to register in website in order to avail the e-Filing facility. After completing the registration process and logging in, the user may download the software tools either from the download section or can use the following link to download. Based on all the relevant information the required ITR Form should be filled using the software provided. The software would generate the XML format of the return which should be uploaded on this website. On successful transmission of the return a receipt will be generated in the form of a provisional acknowledgement.


Which ITR forms to file and software to download?

For Individual Individual, HUF

 ITR-1 Source of Income (This majority of salaried class will use)

Income from Salary/Pension
Income from Other Sources (only Interest Income or Family Pension)

ITR-1 Excel utility to download for free (Right click and open new Window)

 ITR-2 Source of Income

Income from Salary/Pension
Income from Other Sources (only Interest Income or Family Pension)
Income/Loss from Other Sources
Income/Loss from House Property

ITR-2 Excel utility to download for free (Right click and open new Window)

 ITR-3 Source of Income

Income from Salary/Pension
Income from Other Sources (only Interest Income or Family Pension)
Income/Loss from Other Sources
Income/Loss from House Property
Capital Gains/Loss on sale of investments/property
Partner in a Partnership Firm

ITR-3 Excel utility to download for free (Right click and open new Window)

 ITR-4 Source of Income

Income from Salary/Pension
Income from Other Sources (only Interest Income or Family Pension)
Income/Loss from Other Sources
Income/Loss from House Property
Capital Gains/Loss on sale of investments/property
Partner in a Partnership Firm
Income from Proprietary Business/Profession

ITR-4 Excel utility to download for free (Right click and open new Window)


Based on all the relevant information the required ITR Form should be filled using the software provided. The software would generate the XML format of the return which should be uploaded on this website. On successful transmission of the return a receipt will be generated in the form of a provisional acknowledgement.

If you have already e-filed last year one can use the same user name and password or else they can opt for forgot password to reset the same.

Steps to file return:

Select appropriate type of Return Form
Download Return Preparation Software for selected Return Form.
Fill your return offline and generate a XML file.
Go to Income Tax Department website.
Register and create a user id/password or log in using your existing user name and password
Log in and click on relevant form on left panel and select "Submit Return"
Browse to select XML file and click on "Upload" button
On successful upload acknowledgement details would be displayed. Click on "Print" to generate printout of acknowledgement/ITR-V Form.

In case the return is digitally signed, on generation of "Acknowledgement" the Return Filing process gets completed.

You may take a printout of the Acknowledgement for your record.

In case the return is not digitally signed, on successful uploading of e-Return, the ITR-V Form would be generated which needs to be printed by the tax payers.
This is an acknowledgement cum verification form. The tax payer has to fill-up the verification part and verify the same.

If some one looking for procuring digital signature for online filing purpose visit

http://digitalsignaturebangalore.blogspot.com/

What is the password to open ITR-V?

This is very simple your pan number in lower case followed by your full date of birth.

for example Ajfpk3398g25011985 (pan + DD/MM/YYYY)


Once ITR-V is received in your mail id the same need to be sent to

The Income Tax Department ,

CPC, Post Bag No - 1,

Electronic City Post Office,

Bangalore - 560100, Karnataka,

BY ORDINARY POST ONLY within thirty days after the date of transmitting the data electronically.

ITR-V sent by Speed post, Registered Post or Courier will not be accepted.No Form ITR-V shall be received in any other office of the Income-tax Department or in any other manner.

After the receipt of your ITR-V you will get a mail with acknowledgement.

Earth Quake and Tsunami Predicted on 22 July 2009

Published the message as received:

Quake and Tsunami Predicted on July 22 2009

Hello there. I just wanted to let you know that please stay away from the beaches all around inthe month of July. There is a prediction that there will be another tsunami or earthquakehitting on 22 July 2009. It is also when there will be sun eclipse. Predicted that it is going to bereally bad and countries like Malaysia (Sabah & Sarawak), Singapore, Maldives, Australia,Mauritius, Sri Lanka, India, Indonesia, Philippines are going to be badly hit. Please try and stayaway from the beaches in July. Better to be safe than sorry. Please pass the word around.Please also pray for all beings.Quake and Tsunami Predicted 22 July 2009

The eclipse quake theory is as follows, When the gravitational force of the sun and moon are both pulling on a plate that has not had series of recent earth quakes, the extra pull is all that is needed to "pop the seam" and cause a major quake. Japans tectonic plates 6+ Magnitude Quake on 22 July 2009 at 3:00 pm Local Japanese time. This will be follower by two level 5+ Earthquakes and a Tsunami between 5:00 pm and 7:00 pm. The tsunami will start out in the pacific ocean (to the South East of Japan ... Along the fault line) and hit all the islands to the south west of Japan, Indonesia and even reach New Zealand. The major quakes will actually be along the fault lines in the Ocean.

The theory that the gravitational pull of the Sun and Moon pulling together will do the following things.

1. Lift the tectonic plates
2. Cause the tide to rise more than usual
3. Cause an underground molten magma tide to dip and raise the plates following the water tide.

Taken all the time data from the Nasa eclipse site into an excel spread sheet four the four tectonic plates in the region. Assumed an hour delay for each event following the lunar eclipse, and then summed the values. I assumed that the events would last longer for the fluids, water and molten magma than for dry land. And then summed the values four all 4 plates where Japan sits.

The blue path above shows the lunar path that will achieve the full solar eclipse at around 11:30 am to 12:30 pm. Red dots show where the solar eclipse will be full. The theory is based on gravitation pull and the earth's tectonic plates A solar eclipse means that the moon is blocking the sun. The moon has enough gravitational pull to cause the tides other natural phenomena on earth. The sun has enough gravitational pull to keep the earth in orbit. The theory is that during a solar eclipse, the moon has the Sun's added pull on the earth's tectonic plates. When the
Sun and Moon are together on one side of the planet, they pull together and lift up the earth's tectonic plate, just beneath the eclipse. This causes the plate to shift upward, and then an earth quake when the lifted plate gets the little extra push (lift) it needed to move over its neighboring plate. The theory may be hair brained, or it might actually have some pull to it. (pun intended) I'd like to do a simulator game to find out.

Quote:

On Wednesday, 22 July 2009, a total eclipse of the Sun is visible from within a narrow corridor that traverses half of Earth. The path of the Moon's umbral shadow begins in India and crosses through Nepal,Bangladesh, Bhutan, Myanmar and China. After leaving mainland Asia, the path crosses Japan's Ryukyu Islands and curves southeast through the Pacific Ocean where the maximum duration of totality reaches 6 min 39 s. A partial eclipse is seen within the much broader path of the Moon's penumbral shadow, which includes most of eastern Asia, Indonesia, and the Pacific Ocean.

Traders in stock market are advised utmost caution in dealing with shares as this may have severe impact on share market movement on either side.

250 + Openings with JP Morgan chase - Bangalore Position

250 job opening with JP Morgan Bangalore:

Many IT employees in India are facing lay-offs but here is a good news for them. JP Morgan chase bangalore has 250 plus postion open in different skills sets. The skill set required includes MAINFRAME (COBOL, CICS, DB2),JAVA/J2EE,DBA,COGNOS,INFORMATICA etc..

The open position includes QUALITY ASSURANCE ANALYST ,WEBMETHOD ENGINEER,TRAC ANALYST,APPLICATION DEVELOPER,ORACLE DBA,BUSINESS ANALYST etc....

If anyone is interested then please forward your resume to atish.x.chavan@ jpmorgan. com

More details on job refe to the attachement Open in new window

Aassessing officer | How to find what is the designation of assessing officer (Ward/ Circle)

If you are a new Assesse go through the relevant links to find your Assessing Officer (AO) and Range/Circle/Ward. You can also go through the Organisation Structure to get their Jurisdiction details and addresses.

One can find their assessing officer using the following link

http://www.incometaxbangalore.org/jurisdiction/jurisdiction.htm

File your tax return for 2010 for free

NO Unique Transaction Number needed for filing tax for 2009

PRESS RELEASE

New Delhi dated 30th June 2009

The Central Board of Direct Taxes have further decided that the Notification No. 31 of 2009 dated 25.3.2009 amending or substituting Rules 30, 31, 31A and 31AA of the Income Tax Rules, 1962 shall be kept in abeyance for the time being.

Taxpayers filing their income tax returns for assessment year (AY) 2009-10, or any other earlier AY, may continue to file their returns without mentioning the Unique Transaction Number (UTN) as required under the said Notification. The filing of such returns shall be treated as valid and in compliance to the requirements under section 139 of the Income Tax Act, 1961.

Further, the date from which the Notification No. 31 / 2009 shall become applicable on tax deducted at source (TDS) or tax collected at source (TCS) and deposited during the current financial year shall be notified by the Central Board of Direct Taxes subsequently.

All deductors / collectors of TDS / TCS may continue to deposit their TDS / TCS and file their quarterly TDS / TCS returns as per procedure existing prior to issuance of Notification No.31 / 2009 dated 25.3.2009.

If some one looking for procuring digital signature for online filing purpose visit

http://digitalsignaturebangalore.blogspot.com/