NJR MONEY

ICAI’ unique identification number is mandatory for every kind of certificate or tax audit report made by Chartered Accountants. This was introduced to curb fake certifications by those posing as CAs. The e-filing portal of income tax has been linked with ICAI’s UDIN portal for validating documents attested by CAs . IT department to reject tax audit reports filed without ICAI authentication Tax audit reports (TAR) filed by businesses have risks of getting rejected by the IT department if they are not authenticated by the professional regulator of chartered accountants, the Institute of Chartered Accountants of India (ICAI). The IT department said recently that the income tax e-filing portal has been linked with ICAI’s portal for validating the unique identification numbers (UIDN) chartered accountants generate for documents attested by them. With the system level integration, the UDIN, provided for the audit reports and certificates submitted by CAs in the e-filing portal, will be vali...

  Before one should go to file Income Tax return, he/she should have necessary documents readily available with him to avoid last minute hassle. The check-list below will help you to see whether you have necessary documents with you while e-filing IT return. Some documents and details are mandatory to have with you like Aadhar number, bank details etc. while others are required only if it is applicable in your case like details of agriculture income is required only if you have such income.   Check-list for Income Tax Return:: 1) Aadhar Card Number: is Mandatory for e-filling income tax return on income tax website. 2) All Banks Accounts details like Bank name, Account no., Account type, IFSC code: All the bank account in which you have account need to be compulsory reported in IT return. Saving A/c, Current A/c, CC/OD A/c 3) Pre-validated Bank Account:   W.e.f. 01.03.19 , income tax department will issue only e-refund. So, assessee need to Pre-validated bank acc...

Senior Citizen Savings Scheme (SCSS) Eligibility: An individual of the Age of 60 years or more may open the account. An individual of the age of 55 years or more but less than 60 years who has retired on superannuation or under VRS can also open account subject to the condition that the account is opened within one month of receipt of retirement benefits and amount should not exceed the amount of retirement benefits A retired personnel of Defence Services (excluding Civilian Defence employees) shall be eligible to open an account under this Scheme on attaining the age of 50 years subject to the fulfilment of other specified conditions. Account Opening: A depositor may operate more than one account in individual capacity or jointly with spouse (husband/wife) Joint account can be opened with spouse only and first depositor in Joint account is the investor. There shall be only one deposit in the account in multiple of INR.1000/- maximum not exceeding INR 15 lakh. Account can be opened by ...