June 30, 2015

Income Tax Calculator AY 2015-2016

As the Dates for filing Income Tax returns for Financial Year 2014-2015 (AY 2015-2016) is coming close, all the taxpayers are visiting offices of their Tax Consultants to get your Tax calculated. The reason being, to pay the due taxes in time and to avoid unnecessary Interest charges. Tax Calculation is a integral part before Efiling or Manually filing of Income Tax returns. Tax Professionals are having resources of Act, Rules, Income Tax Softwares which cost thousands of rupees. A normal person will not buy such items due to cost and also these are of no use to them after one use (Since Tax rules are amended every year).

June 25, 2015

Allahabad Bank Stock Auditor Empanelment 2015-2016 (AP or Telangana)

Allahabad Bank Invites application from Chartered Accountant Firms in the state of Andhra Pradesh & Telangana for Stock Audit.Last date to submit the application is 06.07.2015 at Zonal Office, D No. 3-6-435, 1st Floor, Himayatnagar, Hyderabad- 500029.

June 24, 2015

Efiling of Income Tax Return for AY 2015-16

Income Tax Department has launched the Efiling Utility and schema of ITR 1 and ITR 4S. The schema for ITR 2 and 2A will be made available shortly. The dates for Non Audit case has already been increased from 31st July to 31st August.

To download the schema, visit the below mentioned link:

Below is the communication from Income Tax Department regarding new Income Tax Efiling Schema:

June 23, 2015

New ITR Forms notified by Income Tax Departement for AY 2015-2016

Income Tax Department via Notification No. 49/2015/ F.No.142/1/2015-TPL has notified new ITR Forms Sahaj ITR 1, ITR-2, ITR-2A and Sugam ITR-4S.

The forms can be downloaded from:

Full Notification from the Department is given below for the reference:

June 18, 2015

SBI Concurrent Auditor Empanelment

SBI Invites application from Chartered Accountant firms for conducting concurrent Audits of branches under Bhubneshwar LHO. Last date for submission of application is 26th June, 2015


1. State Bank of India: Overview
State Bank India (“SBI” or “Bank”) a body corporate constituted under the State Bank of India Act, 1955 having its Corporate Centre at State Bank Bhavan, Madame Cama Road, Mumbai is the largest commercial bank in India having a nationwide financial network of more than 15000 branches and offices and more than 40,000 ATMs/Internet Banking Kiosks. The Bank has five Associate Banks and many non-banking subsidiaries and Joint Ventures. The Bank also has 189 foreign offices spread over 35 countries covering all time zones of the world. It has its Local Head Office at Bhubaneswar which control 822 branches, 19 BPR Outfits with four Administrative Offices and 21 Regional Business Offices operating throughout the state of Odhisha (at present).