Date extended for filing of online DVAT Return for third quarter of 2014-15

Due date for filing Return under DVAT has been extended further upto 15-02-2015 from 02-02-2015.

Originally it is due on 25th of Jan-2015.

 Extract of Circular by the Department

Advance by Partner to Firm & Section 269SS

Whether advances given by partner of a partnership firm to the firm violates the provisions of section 269SS and liable to penalty u/s 271-D? 

Held: No. 

Clarifications regarding Mandatory pre-deposit of duty or penalty for filing appeal

​

Clarifications regarding Mandatory pre-deposit of duty or penalty for filing appeal
Section 35FF of the Central Excise Act, 1944 and Section 129EE of the Customs Act, 1962 prescribe mandatory pre-deposit as a percentage of the duty demanded where duty demanded is in dispute or where duty demanded and penalty levied are in dispute.In this regard, CBEC vide Circular No. 993/17/2014-CX., Dated: January 05, 2015 has provided the following:

DUE DATE EXTENDED FOR FILING DVAT RETURN FOR IInd QUATER

Due date of filing return under DVAT for IInd Quarter further upto 17 Nov 2014

File your ITR if not filed so far otherwise you may get Notice for Non-Filing

Directorate of Income Tax (system) has observed that there Five lakhs Nine thousands Eight Hundreds Nity Eight taxpayers who had taxable income more than Rs. 10 Lkahs in the earlier previous years but during the Assessment Years these Tax payers has not filed their Income Tax Return so far.

Now All principal CCIT, CCIT and CIT has been advised by the Directorate to monitor these cases personally.

Therefore Tax payers who has income more than maximum exemption limit in the AY in 2014-15 should file their ITR if not filed so far  otherwise there is chance to have Notice from the department for Non-filing of ITR.