ITRV stands for income tax return verification form and treated as an acknowledgement of efilling your income tax return. Each individual who has e-filled his IT return without using digital signature certificate is required to compulsorily send their ITRV to IT department’s CPC Bangalore office. However, if you have filled your IT return with digital signature then it’s not … [Read more...] about Guidelines of sending ITRV to CPC, Bangalore
Archives for November 2013
Income tax return – is filing ITR compulsory in India
As per IT act, an individual is required to file his IT return if his/her income before deduction exceeds the basic exemption limit. In chapter VIA, deductions like investment in LIC, PPF and EPF are listed, anyone fulfiling the required criteria as mentioned in respective sections of chapter VIA can claim those deductions from his her total income. However for ITR filing … [Read more...] about Income tax return – is filing ITR compulsory in India
Chart of account segment of a GL A/c master – SAP FICO
General Ledger masters are created to record financial transactions related to a company code (CC). It has two segments known as company code segment and chart of account segment. Company code segment is specifically related to the CC for which you are creating it. COA segment will be by default allotted to all the company codes assigned to a COA through transaction code … [Read more...] about Chart of account segment of a GL A/c master – SAP FICO
Account group field in GL A/c master creation – SAP FICO
Account groups are maintained for a chart of account (COA) with transaction code OBD4. When you create general ledger A/c by using transaction code FS00 for a company code, you need to specifically select the group from the drop down available in the “account group” field of “types/description” tab. By default sap will display all the account groups that are created under a … [Read more...] about Account group field in GL A/c master creation – SAP FICO
When you can withdraw your EPF balance
Contributions to Employee Provident Fund are deposited in to employee's EPF account every month. Both employee’s and employer’s contributions are deposited and interest on such deposit is credited to the Employee Provident Fund account. Unlike in PPF account, employees do not deposit anything to the Employee Provident Fund account directly. Employers deposit both portions on … [Read more...] about When you can withdraw your EPF balance
How a wrong email address can impact your tax return filing
Email address is the most important thing that an individual or a company need to look in while registering at income tax site or filing tax return. Most of the tax payers in India use their office email id for tax e-filing. We suggest them not to use their office email address while filing ITR form. What you get on your email address ITR V receipt Intimation or notice … [Read more...] about How a wrong email address can impact your tax return filing