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August 2008

Clarifications from CBDT regarding filing of returns of income for the assessment year 2008-09 — Circular No. 6/2008, dated 18-7-2008.

By Pinky Shah, Sonalee Godbole, Gaurang Gandhi, Chartered Accountants
Reading Time 1 mins
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Part A : DIRECT TAXES


56 Clarifications from CBDT regarding filing
of returns of income for the assessment year 2008-09 — Circular No. 6/2008,
dated 18-7-2008.

It has been reiterated by the Board that no annexures need to
be filed with the return of income for the captioned assessment year. It has
been emphasised that the CCIT needs to look into strict compliance of this rule.
TDS/TCS, Advance Tax and Self-Assessment Tax credit would be given on the basis
of the details filed in the return of income, subject to relevant instructions
on verification of TDS claims. However, the assessees are advised to retain all
the annexures, which otherwise would have been filed with the return of income.

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