Income Tax Return Filing FY 2011-12

Income Tax Return Filing FY 2011-12- https://humfauji.in/blog

Income Tax Return Filing FY 2011-12

Dear Friends,

Time for the annual ritual of filing Income Tax (IT) Return for the Financial Year (FY) 2011-12 [Accounting Year (AY) 2012-13] has arrived. You must have received – or will shortly be receiving – your Form 16 from your employers / CDA which will give you the details of your income and taxes paid from your employer.  If you have not received your Form 16 so far, you may check up if it has been uploaded on the relevant website of your employer.

Please keep in mind that from this year onwards, it has become mandatory for individuals with Annual Income more than Rs 10 Lakhs to file IT Returns online. As such, even if your income is lesser and officially it is not mandatory for you, filing returns online is faster, acknowledgements come very fast, almost hassle-free and return processing is also very quick. Please remember that the last date for filing IT Returns remains 31 July 2012 and penalties may be levied beyond that date. We would be filing the returns online for our customers and the charges for the same will be as below:-

Category of IT Return Charges
Individuals with income from Salary/Pension only Rs 500/-
For Individuals having house property income, capital gains etc Rs 750/-
For self-employed persons/consultants (income less than Rs15 lakh) Rs 1000/-
For self-employed persons/consultants (income more than Rs15 lakh) On case-by-case basis
For NRIs (for Indian Income, simple returns) Rs 2500/-
New Introductions from this year onwards
Preparation of ‘Capital Account’ and ‘Income Expenditure Account’ statement for individuals Rs 500/-
Preparation of ‘Balance Sheet’ for individuals Rs 500/-

Following are the important aspects to be kept in mind while subscribing to this service through us:-

  1. It is important to file your IT Return at the earliest as the returns / refunds will be processed on first-come-first-served basis with us as also with Income-tax department. Remember the last date for filing IT returns is 31 July 2012 – give us at least 10 days of lead-time to process the same.
  2. Please send us all the documents as scanned copies only. Only if there is some genuine problem in doing so, you may send us physical copies. In the latter case, please do not send us any originals – only self-attested physical photocopies be sent to us.

Personal Details

Please send us the following details about you:-


Particulars
Details
Full Name (as in PAN card)
Date of birth
PAN No
Father’s Name
Address (with Pin code and state)
Email ID
Mobile
Bank Details (Bank Name, Branch address, Account No, MICR Code)

 

Income & Investment Details

Please send us the following details. Scanned (or physical) proof is required for items marked with an asterisk (*). For others only the details are required and not the proof:-

* Form 16 or TDS Certificate
  Nature & Details of Income not indicated in Form 16 (Income from Salary, Pension, House property, capital gains etc during the period)
  Interest on Bank FD or SB a/c (Bank statement) during the year
  Any other income by selling of shares, stocks, Mutual Funds, bonus received during the year, etc.
* Home loan details with Principal & interest amount (Loan Certificate required from Loaning Agency)
  Savings/Premium details under IT Section 80C (Life Insurance/ AGIF, PPF/EPF/ DSOPF, ELSS, Tuition Fees for children , Infrastructure bonds, Medical Insurance, etc)
* Details of Advance tax or self assessment tax paid during the year ( Send the challan copy or the details of BSR Code, date of deposit, serial no of challan and amount)
  Any Donations made, Education loan details etc.

It will be assumed by us that you have the supporting documents in original for all the data that you send to us for filing the IT Return regarding income, investments, savings, tax payments etc.

 

How Can You Avail Our Services of Income Tax Filing

Very simply, follow the steps as given below:-

  1. Collate your documents as per the list given above.
  2. Make the payment for our Professional Fee as applicable to you by any of the following methods:-
  • By depositing alocal cheque OR cash in a local

ICICI Bank branch account No 057105000790 (PREFERRED BANK)  OR

State Bank of India branch account No CA 30982600495

nearby to your location in our Account Number  favouring ‘Hum Fauji Initiatives’. The cheque should be local to the branch of the Bank where it is deposited. In case an out station cheque is being deposited, Rs 150/- as outstation charges should be added to the cheque amount.
(b)   A direct money transfer through ECS/RTGS into our account. Our account details for that purpose are as follows:
Account No 057105000790

Payable to : Hum Fauji Initiatives

Bank: ICICI Bank, Sector 7, Dwarka, New Delhi-110075; (PREFERRED BANK) 

MICR Code: 110229068; IFSC Code: ICIC0000571
OR

Current Account No CA 30982600495
Payable to : Hum Fauji Initiatives

Bank: State Bank of India, Sector 10, Dwarka, New Delhi-110075;

MICR Code: 110002409; IFSC Code: SBIN0004384

(Note: The SBI bank location may simply appear as Dwarka, New Delhi while doing ECS/RTGS, with ‘Sector 10’ missing since it was the first SBI Branch to open in Dwarka)

(c)   By a demand draft (DD) payable at Delhi / crossed Delhi or NCR cheque / Multicity Banking cheque favouring ‘Hum Fauji Initiatives‘ for the amount to be sent to our office address by post. Our office address is as follows:-

Hum Fauji Initiatives,

# 201, 3rd Floor, Plot No H-751,

Palam Extension, Near Ramphal Chowk,

Sector 7, Dwarka, New Delhi – 110075

After the payment is made, please inform us your payment details by phone / sms to Cell No 9999022033 or 011-4054 5977, followed by an e-mail to contactus@humfauji.com so as to be able to link the payment to you.

  1. Send all the documents which are physically required (Scanned copies as far as possible) and proof of deposit of cheque/DD or cheque for our Professional Fee as above to us at the earliestfor us to start work immediately.

 

IMPORTANT: Please do not send us incomplete documents. It is very difficult for us to link up documents coming to us in bits and pieces. Please remember – if there is any tax due from you, there would be a penalty at the rate of 12% per annum if you file your IT Return after 31 Jul 2012. Therefore, please try to send your documents to us at the earliest along with the payment so that returns can be filed by us in time.

 

Please refer our email below. We have been receiving a large number of returns for filing and the number is steadily increasing as the last date for filing (31 July 2012) is nearing. The Income Tax Dept server start getting overloaded from 25 Jul onwards and we may not be able to file returns received after 20 Jul in time. Filing returns in time has the following advantages: the returns can be revised any number of times till 31 Mar 2013, capital gains/ losses can be carried forward to further FY and there is no penalty if taxes are due to be paid. Hence, We request you all to send your returns to us positively by 20 Jul.
________________________________________________________________________________
Time for the annual ritual of filing Income Tax (IT) Return for the Financial Year (FY) 2011-12 [Accounting Year (AY) 2012-13] has arrived. You must have received – or will shortly be receiving – your Form 16 from your employers / CDA which will give you the details of your income and taxes paid from your employer.  If you have not received your Form 16 so far, you may check up if it has been uploaded on the relevant website of your employer.

Please keep in mind that from this year onwards, it has become mandatory for individuals with Annual Income more than Rs 10 Lakhs to file IT Returns online. As such, even if your income is lesser and officially it is not mandatory for you, filing returns online is faster, acknowledgements come very fast, almost hassle-free and return processing is also very quick. Please remember that the last date for filing IT Returns remains 31 July 2012 and penalties may be levied beyond that date. We would be filing the returns online for our customers and the charges for the same will be as below:-

Category of IT Return Charges
Individuals with income from Salary/Pension only Rs 500/-
For Individuals having house property income, capital gains etc Rs 750/-
For self-employed persons/consultants (income less than Rs15 lakh) Rs 1000/-
For self-employed persons/consultants (income more than Rs15 lakh) On case-by-case basis
For NRIs (for Indian Income, simple returns) Rs 2500/-
New Introductions from this year onwards
Preparation of ‘Capital Account’ and ‘Income Expenditure Account’ statement for individuals Rs 500/-
Preparation of ‘Balance Sheet’ for individuals Rs 500/-

Following are the important aspects to be kept in mind while subscribing to this service through us:-

  1. It is important to file your IT Return at the earliest as the returns / refunds will be processed on first-come-first-served basis with us as also with Income-tax department. Remember the last date for filing IT returns is 31 July 2012 – give us at least 10 days of lead-time to process the same.
  2. Please send us all the documents as scanned copies only. Only if there is some genuine problem in doing so, you may send us physical copies. In the latter case, please do not send us any originals – only self-attested physical photocopies be sent to us.

Personal Details

Please send us the following details about you:-


Particulars
Details
Full Name (as in PAN card)
Date of birth
PAN No
Father’s Name
Address (with Pin code and state)
Email ID
Mobile
Bank Details (Bank Name, Branch address, Account No, MICR Code)

Income & Investment Details

Please send us the following details. Scanned (or physical) proof is required for items marked with an asterisk (*). For others only the details are required and not the proof:-

* Form 16 or TDS Certificate
  Nature & Details of Income not indicated in Form 16 (Income from Salary, Pension, House property, capital gains etc during the period)
  Interest on Bank FD or SB a/c (Bank statement) during the year
  Any other income by selling of shares, stocks, Mutual Funds, bonus received during the year, etc.
* Home loan details with Principal & interest amount (Loan Certificate required from Loaning Agency)
  Savings/Premium details under IT Section 80C (Life Insurance/ AGIF, PPF/EPF/ DSOPF, ELSS, Tuition Fees for children , Infrastructure bonds, Medical Insurance, etc)
* Details of Advance tax or self assessment tax paid during the year ( Send the challan copy or the details of BSR Code, date of deposit, serial no of challan and amount)
  Any Donations made, Education loan details etc.

 

It will be assumed by us that you have the supporting documents in original for all the data that you send to us for filing the IT Return regarding income, investments, savings, tax payments etc.

 

How Can You Avail Our Services of Income Tax Filing

Very simply, follow the steps as given below:-

  1. 1.   Collate your documents as per the list given above.
  2. 2.    Make the payment for our Professional Fee as applicable to you by any of the following methods:-

(a)     By depositing a local cheque OR cash in a local

ICICI Bank branch account No 057105000790 (PREFERRED BANK)  OR

State Bank of India branch account No CA 30982600495

nearby to your location in our Account Number  favouring ‘Hum Fauji Initiatives’. The cheque should be local to the branch of the Bank where it is deposited. In case an out station cheque is being deposited, Rs 150/- as outstation charges should be added to the cheque amount.
(b)   A direct money transfer through ECS/RTGS into our account. Our account details for that purpose are as follows:
Account No 057105000790

Payable to : Hum Fauji Initiatives

Bank: ICICI Bank, Sector 7, Dwarka, New Delhi-110075; (PREFERRED BANK) 

MICR Code: 110229068; IFSC Code: ICIC0000571
OR

Current Account No CA 30982600495 
Payable to : Hum Fauji Initiatives

Bank: State Bank of India, Sector 10, Dwarka, New Delhi-110075;

MICR Code: 110002409; IFSC Code: SBIN0004384

(Note: The SBI bank location may simply appear as Dwarka, New Delhi while doing ECS/RTGS, with ‘Sector 10’ missing since it was the first SBI Branch to open in Dwarka)

(c)   By a demand draft (DD) payable at Delhi / crossed Delhi or NCR cheque / Multicity Banking cheque favouring ‘Hum Fauji Initiatives‘ for the amount to be sent to our office address by post. Our office address is as follows:-

Hum Fauji Initiatives,

# 201, 3rd Floor, Plot No H-751,

Palam Extension, Near Ramphal Chowk,

Sector 7, Dwarka, New Delhi – 110075

After the payment is made, please inform us your payment details by phone / sms to Cell No 9999022033 or 011-4054 5977, followed by an e-mail to contactus@humfauji.com so as to be able to link the payment to you.

  1. Send all the documents which are physically required (Scanned copies as far as possible) and proof of deposit of cheque/DD or cheque for our Professional Fee as above to us at the earliestfor us to start work immediately.

 

IMPORTANT: Please do not send us incomplete documents. It is very difficult for us to link up documents coming to us in bits and pieces. Please remember – if there is any tax due from you, there would be a penalty at the rate of 12% per annum if you file your IT Return after 31 Jul 2012. Therefore, please try to send your documents to us at the earliest along with the payment so that returns can be filed by us in time.

With regards,

Col (retd) Sanjeev Govila, CERTIFIED FINANCIAL PLANNERCM

CEO, Hum Fauji Initiatives,
Your Long-term Partner for Wealth Creation
9999 022 033, 011 – 4054 5977 (Off), humfauji.in

 

Visit our Blog, humfauji.in/blog or facebook page http://www.facebook.com/HumFaujiInitiatives or follow us on Twitter  https://twitter.com/#!/humfauji  to get latest insight on matters financial

 

 

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