Central Board of Direct Taxes vide its notification No. 49/2015-INCOME TAX, Dated: June 22, 2015 has notified the income tax return forms ITR-1, ITR-2, ITR-2A & ITR-4S for filing return of income for the Assessment year 2015-16. The text of the said notification is given below. You can also download the copy of the said notification and copy of ITR forms notified from the links given below.
CBDT in its earlier press release mentioned that as the software for ITR forms is under preparation, they are likely to be available for e-filing by 3rd week of June 2015. Accordingly, the time limit for filing these returns for AY 2015-16 is proposed to be extended up to 31st August, 2015. A separate notification will be issued in this regard. Now CBDT has released this ORDER [F.NO.225/154/2015/ITA.II], DATED 10-6-2015 regarding extension of due date of filing Income Tax return for assessment year 2015-16. The said order is given below.
Service tax rate has been increased to 14% with effect from 01.Jun.2015. Please note that Education Cess (2%) Secondary & Higher education cess (1%) is not applicable wef 01.06.2015. List of service on which Swach Bahart Cess applicable and effective date of Swach Bahart Cess is not notified Yet.
However many services have abatements under valuation/composition schemes, so applicable effective rate is different for many services. However there may be some conditions along with these abatements/composition schemes. The service tax rate chart after abatement is given below.
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Tarun Kumar Gupta
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