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Sunday, 27 September 2015

XBRL Applicability for Indian Companies




XBRL Applicability:
As per Ministry’s general Circular 37/2011 dated 07.06.2011.:
  •  All companies
    • Listed in India and their Indian subsidiaries (or)
    • With Paid Up Capital  >=  ₹ 5 Crores  (or)
    • With Turnover             >=   ₹ 100 Crores 
The above companies are classified as "PHASE - 1" Companies.

Applicability for filing consolidated financial statements:
 
Holiding Company:
  • All the companies which comply with the above XBRL requirements and which are holding companies must file their Consolidated Financial Statements in XBRL Format.
Subsidiary Company:
  • If the subsidiary meets the requirements, it also needs to file the statements in standalone form.
Sub Subsidiary Company: 
  • The sub subsidiary, i.e., the subsidiary of a subsidiary company must file the financial statements in XBRL format if:
    • The ultimate holding company is a listed company.
    • It meets the requirements of PHASE 1 Companies.
 Click Here to know more about the due dates and forms for XBRL filing.

Due dates and form AOC for Filing Financial statements for Financial Year 2014 -15



Due dates have been extended click here to view.

The MCA has by General Circular shown below specified various forms and due dates for filing  Financial statements with ROC.

Form AOC 4 :  PDF format Financial Statements (Non XBRL)
Form AOC 4 (XBRL):  XBRL format Financial statements
Form AOC 4 (CFS):  Filing Consolidated financial statements

The due dates for Form AOC 4 are specified as below:

Form AOC 4 : 31/10/2015 extended upto 30/11/2015 (see General Circular 14/2015 below)
Form AOC 4 (XBRL) : 31/10/2015 extended upto 30/11/2015 (see General Circular 14/2015 below)
Form AOC 4 (CFS) : 30/11/2015 extended upto 30/11/2015 (see General Circular 14/2015 below)


The forms will be released by 30th September 2015.

Click here to go to forms download section of MCA.






Saturday, 26 September 2015

How to solve Form 64A "Please select a valid xml or draft file" error in java utility


 The Problem
"Invalid ITR / Assessment Year", if you are wondering why as you didn't even open a xml or a draft yet to determine if it is an invalid ITR,  you are not alone.  Certainly nothing is more frustrating than encountering these errors in the peak filing season.  Well, no need for worries about going back into the excel utility as we have got yourselves covered.

The Solution
Ensure you have the latest version of the utility.  The Income Tax department keeps updating the utility without notice. So it is recommended you re-download the utility.  Now follow the steps below.

Step 1:
Check whether your computer has Java Runtime Environment 1.7 installed. This can be done by going to 'Uninstall a program' from the control panel . If you already have Java Runtime Environment 1.7 and Java Runtime Environment 8 already installed skip this step and proceed to the step 2.

Download Java Runtime 8 from Java.com, if you dont already have it.

Download Java Runtime Environment 1.7 from the links given below and install it.  If you are wondering why as you already have updated to  JRE 8,  it is necessary for java filing utility to run.
Do not uninstall JRE 8, as you will need for digital signatures.

32 Bit: http://filehippo.com/download_jre_32/56722/
64 Bit: http://filehippo.com/download_jre_64/56723/

By now you should have both Java 1.7 and Java 8 in your computer.

Step 2:
Download the file below. (Click on "download through your  browser" in the download window to begin the download)

FORM 64A: Click Here To Download


Step 3:
Place the above downloaded file in the folder containing the Form 64A Java Utility.

That is all you have to do to solve the "Please select a valid xml or draft file" error in form 64A.
Open the file and your 64A  Java Utility should be running as fine as it did before.


(Remember:
                     1. Place the above file in the same folder as the utility


                     2. Click on "download through your  browser" in the download window to begin download) 

How to solve Form 64 "Please select a valid xml or draft file" error in java utility


 The Problem
"Invalid ITR / Assessment Year", if you are wondering why as you didn't even open a xml or a draft yet to determine if it is an invalid ITR,  you are not alone.  Certainly nothing is more frustrating than encountering these errors in the peak filing season.  Well, no need for worries about going back into the excel utility as we have got yourselves covered.

The Solution
Ensure you have the latest version of the utility.  The Income Tax department keeps updating the utility without notice. So it is recommended you re-download the utility.  Now follow the steps below.

Step 1:
Check whether your computer has Java Runtime Environment 1.7 installed. This can be done by going to 'Uninstall a program' from the control panel . If you already have Java Runtime Environment 1.7 and Java Runtime Environment 8 already installed skip this step and proceed to the step 2.

Download Java Runtime 8 from Java.com, if you dont already have it.

Download Java Runtime Environment 1.7 from the links given below and install it.  If you are wondering why as you already have updated to  JRE 8,  it is necessary for java filing utility to run.
Do not uninstall JRE 8, as you will need for digital signatures.

32 Bit: http://filehippo.com/download_jre_32/56722/
64 Bit: http://filehippo.com/download_jre_64/56723/

By now you should have both Java 1.7 and Java 8 in your computer.

Step 2:
Download the file below. (Click on "download through your  browser" in the download window to begin the download)

FORM 64: Click Here To Download


Step 3:
Place the above downloaded file in the folder containing the Form 64 Java Utility.

That is all you have to do to solve the "Please select a valid xml or draft file" error in form 64.
Open the file and your 64 Java Utility should be running as fine as it did before.


(Remember:
                     1. Place the above file in the same folder as the utility


                     2. Click on "download through your  browser" in the download window to begin download) 

How to solve Form 29B "Please select a valid xml or draft file" error in java utility


 The Problem
"Invalid ITR / Assessment Year", if you are wondering why as you didn't even open a xml or a draft yet to determine if it is an invalid ITR,  you are not alone.  Certainly nothing is more frustrating than encountering these errors in the peak filing season.  Well, no need for worries about going back into the excel utility as we have got yourselves covered.

The Solution
Ensure you have the latest version of the utility.  The Income Tax department keeps updating the utility without notice. So it is recommended you re-download the utility.  Now follow the steps below.

Step 1:
Check whether your computer has Java Runtime Environment 1.7 installed. This can be done by going to 'Uninstall a program' from the control panel . If you already have Java Runtime Environment 1.7 and Java Runtime Environment 8 already installed skip this step and proceed to the step 2.

Download Java Runtime 8 from Java.com, if you dont already have it.

Download Java Runtime Environment 1.7 from the links given below and install it.  If you are wondering why as you already have updated to  JRE 8,  it is necessary for java filing utility to run.
Do not uninstall JRE 8, as you will need for digital signatures.

32 Bit: http://filehippo.com/download_jre_32/56722/
64 Bit: http://filehippo.com/download_jre_64/56723/

By now you should have both Java 1.7 and Java 8 in your computer.

Step 2:
Download the file below. (Click on "download through your  browser" in the download window to begin the download)

FORM 29B: Click Here To Download


Step 3:
Place the above downloaded file in the folder containing the Form 29B Java Utility.

That is all you have to do to solve the "Please select a valid xml or draft file" error in form 29B.
Open the file and your 29B Java Utility should be running as fine as it did before.


(Remember:
                     1. Place the above file in the same folder as the utility


                     2. Click on "download through your  browser" in the download window to begin download) 

How to solve Form 15CA "Please select a valid xml or draft file" error in java utility


 The Problem
"Invalid ITR / Assessment Year", if you are wondering why as you didn't even open a xml or a draft yet to determine if it is an invalid ITR,  you are not alone.  Certainly nothing is more frustrating than encountering these errors in the peak filing season.  Well, no need for worries about going back into the excel utility as we have got yourselves covered.

The Solution
Ensure you have the latest version of the utility.  The Income Tax department keeps updating the utility without notice. So it is recommended you re-download the utility.  Now follow the steps below.

Step 1:
Check whether your computer has Java Runtime Environment 1.7 installed. This can be done by going to 'Uninstall a program' from the control panel . If you already have Java Runtime Environment 1.7 and Java Runtime Environment 8 already installed skip this step and proceed to the step 2.

Download Java Runtime 8 from Java.com, if you dont already have it.

Download Java Runtime Environment 1.7 from the links given below and install it.  If you are wondering why as you already have updated to  JRE 8,  it is necessary for java filing utility to run.
Do not uninstall JRE 8, as you will need for digital signatures.

32 Bit: http://filehippo.com/download_jre_32/56722/
64 Bit: http://filehippo.com/download_jre_64/56723/

By now you should have both Java 1.7 and Java 8 in your computer.

Step 2:
Download the file below. (Click on "download through your  browser" in the download window to begin the download)

FORM 15CA: Click Here To Download


Step 3:
Place the above downloaded file in the folder containing the Form 15CA Java Utility.

That is all you have to do to solve the "Please select a valid xml or draft file" error in form 15CA.
Open the file and your 15CA Java Utility should be running as fine as it did before.


(Remember:
                     1. Place the above file in the same folder as the utility


                     2. Click on "download through your  browser" in the download window to begin download) 

How to solve Form 10BB "Please select a valid xml or draft file" error in java utility


 The Problem
"Invalid ITR / Assessment Year", if you are wondering why as you didn't even open a xml or a draft yet to determine if it is an invalid ITR,  you are not alone.  Certainly nothing is more frustrating than encountering these errors in the peak filing season.  Well, no need for worries about going back into the excel utility as we have got yourselves covered.

The Solution
Ensure you have the latest version of the utility.  The Income Tax department keeps updating the utility without notice. So it is recommended you re-download the utility.  Now follow the steps below.

Step 1:
Check whether your computer has Java Runtime Environment 1.7 installed. This can be done by going to 'Uninstall a program' from the control panel . If you already have Java Runtime Environment 1.7 and Java Runtime Environment 8 already installed skip this step and proceed to the step 2.

Download Java Runtime 8 from Java.com, if you dont already have it.

Download Java Runtime Environment 1.7 from the links given below and install it.  If you are wondering why as you already have updated to  JRE 8,  it is necessary for java filing utility to run.
Do not uninstall JRE 8, as you will need for digital signatures.

32 Bit: http://filehippo.com/download_jre_32/56722/
64 Bit: http://filehippo.com/download_jre_64/56723/

By now you should have both Java 1.7 and Java 8 in your computer.

Step 2:
Download the file below. (Click on "download through your  browser" in the download window to begin the download)

FORM 10BB: Click Here To Download


Step 3:
Place the above downloaded file in the folder containing the Form 10BB Java Utility.

That is all you have to do to solve the "Please select a valid xml or draft file" error in form 10BB.
Open the file and your 10BB  Java Utility should be running as fine as it did before.


(Remember:
                     1. Place the above file in the same folder as the utility


                     2. Click on "download through your  browser" in the download window to begin download) 

How to solve Form 10B "Please select a valid xml or draft file" error in java utility


 The Problem
"Invalid ITR / Assessment Year", if you are wondering why as you didn't even open a xml or a draft yet to determine if it is an invalid ITR,  you are not alone.  Certainly nothing is more frustrating than encountering these errors in the peak filing season.  Well, no need for worries about going back into the excel utility as we have got yourselves covered.

The Solution
Ensure you have the latest version of the utility.  The Income Tax department keeps updating the utility without notice. So it is recommended you re-download the utility.  Now follow the steps below.

Step 1:
Check whether your computer has Java Runtime Environment 1.7 installed. This can be done by going to 'Uninstall a program' from the control panel . If you already have Java Runtime Environment 1.7 and Java Runtime Environment 8 already installed skip this step and proceed to the step 2.

Download Java Runtime 8 from Java.com, if you dont already have it.

Download Java Runtime Environment 1.7 from the links given below and install it.  If you are wondering why as you already have updated to  JRE 8,  it is necessary for java filing utility to run.
Do not uninstall JRE 8, as you will need for digital signatures.

32 Bit: http://filehippo.com/download_jre_32/56722/
64 Bit: http://filehippo.com/download_jre_64/56723/

By now you should have both Java 1.7 and Java 8 in your computer.

Step 2:
Download the file below. (Click on "download through your  browser" in the download window to begin the download)

FORM 10B: Click Here To Download


Step 3:
Place the above downloaded file in the folder containing the Form 10B Java Utility.

That is all you have to do to solve the "Please select a valid xml or draft file" error in form 10B.
Open the file and your 10B  Java Utility should be running as fine as it did before.


(Remember:
                     1. Place the above file in the same folder as the utility


                     2. Click on "download through your  browser" in the download window to begin download) 

How to solve Form 6B "Please select a valid xml or draft file" error in java utility


 The Problem
"Invalid ITR / Assessment Year", if you are wondering why as you didn't even open a xml or a draft yet to determine if it is an invalid ITR,  you are not alone.  Certainly nothing is more frustrating than encountering these errors in the peak filing season.  Well, no need for worries about going back into the excel utility as we have got yourselves covered.

The Solution
Ensure you have the latest version of the utility.  The Income Tax department keeps updating the utility without notice. So it is recommended you re-download the utility.  Now follow the steps below.

Step 1:
Check whether your computer has Java Runtime Environment 1.7 installed. This can be done by going to 'Uninstall a program' from the control panel . If you already have Java Runtime Environment 1.7 and Java Runtime Environment 8 already installed skip this step and proceed to the step 2.

Download Java Runtime 8 from Java.com, if you dont already have it.

Download Java Runtime Environment 1.7 from the links given below and install it.  If you are wondering why as you already have updated to  JRE 8,  it is necessary for java filing utility to run.
Do not uninstall JRE 8, as you will need for digital signatures.

32 Bit: http://filehippo.com/download_jre_32/56722/
64 Bit: http://filehippo.com/download_jre_64/56723/

By now you should have both Java 1.7 and Java 8 in your computer.

Step 2:
Download the file below. (Click on "download through your  browser" in the download window to begin the download)

FORM 6B: Click Here To Download


Step 3:
Place the above downloaded file in the folder containing the Form 6B Java Utility.

That is all you have to do to solve the "Please select a valid xml or draft file" error in form 6B.
Open the file and your 6B  Java Utility should be running as fine as it did before.


(Remember:
                     1. Place the above file in the same folder as the utility


                     2. Click on "download through your  browser" in the download window to begin download) 

How to solve Form 3CEB "Please select a valid xml or draft file" error in java utility


 The Problem
"Invalid ITR / Assessment Year", if you are wondering why as you didn't even open a xml or a draft yet to determine if it is an invalid ITR,  you are not alone.  Certainly nothing is more frustrating than encountering these errors in the peak filing season.  Well, no need for worries about going back into the excel utility as we have got yourselves covered.

The Solution
Ensure you have the latest version of the utility.  The Income Tax department keeps updating the utility without notice. So it is recommended you re-download the utility.  Now follow the steps below.

Step 1:
Check whether your computer has Java Runtime Environment 1.7 installed. This can be done by going to 'Uninstall a program' from the control panel . If you already have Java Runtime Environment 1.7 and Java Runtime Environment 8 already installed skip this step and proceed to the step 2.

Download Java Runtime 8 from Java.com, if you dont already have it.

Download Java Runtime Environment 1.7 from the links given below and install it.  If you are wondering why as you already have updated to  JRE 8,  it is necessary for java filing utility to run.
Do not uninstall JRE 8, as you will need for digital signatures.

32 Bit: http://filehippo.com/download_jre_32/56722/
64 Bit: http://filehippo.com/download_jre_64/56723/

By now you should have both Java 1.7 and Java 8 in your computer.

Step 2:
Download the file below. (Click on "download through your  browser" in the download window to begin the download)

FORM 3CEB: Click here to download


Step 3:
Place the above downloaded file in the folder containing the Form 3CEB Java Utility.

That is all you have to do to solve the "Please select a valid xml or draft file" error in Form 3CEB.
Open the file and your 3CEB  Java Utility should be running as fine as it did before.


(Remember:
                     1. Place the above file in the same folder as the utility


                     2. Click on "download through your  browser" in the download window to begin download) 

How to solve ITR 7 Invalid ITR or Assessment Year error in java utility


 The Problem
"Invalid ITR / Assessment Year", if you are wondering why as you didn't even open a xml or a draft yet to determine if it is an invalid ITR,  you are not alone.  Certainly nothing is more frustrating than encountering these errors in the peak filing season.  Well, no need for worries about going back into the excel utility as we have got yourselves covered.

The Solution
Ensure you have the latest version of the utility.  The Income Tax department keeps updating the utility without notice. So it is recommended you re-download the utility.  Now follow the steps below.

Step 1:
Check whether your computer has Java Runtime Environment 1.7 installed. This can be done by going to 'Uninstall a program' from the control panel . If you already have Java Runtime Environment 1.7 and Java Runtime Environment 8 already installed skip this step and proceed to the step 2.

Download Java Runtime 8 from Java.com, if you dont already have it.

Download Java Runtime Environment 1.7 from the links given below and install it.  If you are wondering why as you already have updated to  JRE 8,  it is necessary for java filing utility to run.
Do not uninstall JRE 8, as you will need for digital signatures.

32 Bit: http://filehippo.com/download_jre_32/56722/
64 Bit: http://filehippo.com/download_jre_64/56723/

By now you should have both Java 1.7 and Java 8 in your computer.

Step 2:
Download the file below. (Click on "download through your  browser" in the download window to begin the download)

ITR 7: Click here to download

Step 3:
Place the above downloaded file in the folder containing the ITR 7 Java Utility.

That is all you have to do to solve the "Invalid ITR or Assessment year" error in ITR 7.
Open the file and your ITR-7  Java Utility should be running as fine as it did before.


(Remember:
                     1. Place the above file in the same folder as the utility


                     2. Click on "download through your  browser" in the download window to begin download) 

How to solve ITR 4S Invalid ITR or Assessment Year error in java utility


 The Problem
"Invalid ITR / Assessment Year", if you are wondering why as you didn't even open a xml or a draft yet to determine if it is an invalid ITR,  you are not alone.  Certainly nothing is more frustrating than encountering these errors in the peak filing season.  Well, no need for worries about going back into the excel utility as we have got yourselves covered.

The Solution
Ensure you have the latest version of the utility.  The Income Tax department keeps updating the utility without notice. So it is recommended you re-download the utility.  Now follow the steps below.

Step 1:
Check whether your computer has Java Runtime Environment 1.7 installed. This can be done by going to 'Uninstall a program' from the control panel . If you already have Java Runtime Environment 1.7 and Java Runtime Environment 8 already installed skip this step and proceed to the step 2.

Download Java Runtime 8 from Java.com, if you dont already have it.

Download Java Runtime Environment 1.7 from the links given below and install it.  If you are wondering why as you already have updated to  JRE 8,  it is necessary for java filing utility to run.
Do not uninstall JRE 8, as you will need for digital signatures.

32 Bit: http://filehippo.com/download_jre_32/56722/
64 Bit: http://filehippo.com/download_jre_64/56723/

By now you should have both Java 1.7 and Java 8 in your computer.

Step 2:
Download the file below. (Click on "download through your  browser" in the download window to begin the download)

ITR 4S: Click here to download

Step 3:
Place the above downloaded file in the folder containing the ITR 4S Java Utility.

That is all you have to do to solve the "Invalid ITR or Assessment year" error in ITR 4S.
Open the file and your ITR-4S  Java Utility should be running as fine as it did before.


(Remember:
                     1. Place the above file in the same folder as the utility


                     2. Click on "download through your  browser" in the download window to begin download) 

How to solve ITR 4 Invalid ITR or Assessment Year error in java utility


 The Problem
"Invalid ITR / Assessment Year", if you are wondering why as you didn't even open a xml or a draft yet to determine if it is an invalid ITR,  you are not alone.  Certainly nothing is more frustrating than encountering these errors in the peak filing season.  Well, no need for worries about going back into the excel utility as we have got yourselves covered.

The Solution
Ensure you have the latest version of the utility.  The Income Tax department keeps updating the utility without notice. So it is recommended you re-download the utility.  Now follow the steps below.

Step 1:
Check whether your computer has Java Runtime Environment 1.7 installed. This can be done by going to 'Uninstall a program' from the control panel . If you already have Java Runtime Environment 1.7 and Java Runtime Environment 8 already installed skip this step and proceed to the step 2.

Download Java Runtime 8 from Java.com, if you dont already have it.

Download Java Runtime Environment 1.7 from the links given below and install it.  If you are wondering why as you already have updated to  JRE 8,  it is necessary for java filing utility to run.
Do not uninstall JRE 8, as you will need for digital signatures.

32 Bit: http://filehippo.com/download_jre_32/56722/
64 Bit: http://filehippo.com/download_jre_64/56723/

By now you should have both Java 1.7 and Java 8 in your computer.

Step 2:
Download the file below. (Click on "download through your  browser" in the download window to begin the download)

ITR 4: Click here to download

Step 3:
Place the above downloaded file in the folder containing the ITR 4 Java Utility.

That is all you have to do to solve the "Invalid ITR or Assessment year" error in ITR 4.
Open the file and your ITR-4  Java Utility should be running as fine as it did before.


(Remember:
                     1. Place the above file in the same folder as the utility


                     2. Click on "download through your  browser" in the download window to begin download) 

How to solve ITR 3 Invalid ITR or Assessment Year error in java utility


 The Problem
"Invalid ITR / Assessment Year", if you are wondering why as you didn't even open a xml or a draft yet to determine if it is an invalid ITR,  you are not alone.  Certainly nothing is more frustrating than encountering these errors in the peak filing season.  Well, no need for worries about going back into the excel utility as we have got yourselves covered.

The Solution
Ensure you have the latest version of the utility.  The Income Tax department keeps updating the utility without notice. So it is recommended you re-download the utility.  Now follow the steps below.

Step 1:
Check whether your computer has Java Runtime Environment 1.7 installed. This can be done by going to 'Uninstall a program' from the control panel . If you already have Java Runtime Environment 1.7 and Java Runtime Environment 8 already installed skip this step and proceed to the step 2.

Download Java Runtime 8 from Java.com, if you dont already have it.

Download Java Runtime Environment 1.7 from the links given below and install it.  If you are wondering why as you already have updated to  JRE 8,  it is necessary for java filing utility to run.
Do not uninstall JRE 8, as you will need for digital signatures.

32 Bit: http://filehippo.com/download_jre_32/56722/
64 Bit: http://filehippo.com/download_jre_64/56723/

By now you should have both Java 1.7 and Java 8 in your computer.

Step 2:
Download the file below. (Click on "download through your  browser" in the download window to begin the download)

ITR 3: Click here to download

Step 3:
Place the above downloaded file in the folder containing the ITR 3 Java Utility.

That is all you have to do to solve the "Invalid ITR or Assessment year" error in ITR 3.
Open the file and your ITR-3  Java Utility should be running as fine as it did before.


(Remember:
                     1. Place the above file in the same folder as the utility
                     2. Click on "download through your  browser" in the download window to begin download) 

How to solve ITR 2A Invalid ITR or Assessment Year error in java utility


 The Problem
"Invalid ITR / Assessment Year", if you are wondering why as you didn't even open a xml or a draft yet to determine if it is an invalid ITR,  you are not alone.  Certainly nothing is more frustrating than encountering these errors in the peak filing season.  Well, no need for worries about going back into the excel utility as we have got yourselves covered.

The Solution
Ensure you have the latest version of the utility.  The Income Tax department keeps updating the utility without notice. So it is recommended you re-download the utility.  Now follow the steps below.

Step 1:
Check whether your computer has Java Runtime Environment 1.7 installed. This can be done by going to 'Uninstall a program' from the control panel . If you already have Java Runtime Environment 1.7 and Java Runtime Environment 8 already installed skip this step and proceed to the step 2.

Download Java Runtime 8 from Java.com, if you dont already have it.

Download Java Runtime Environment 1.7 from the links given below and install it.  If you are wondering why as you already have updated to  JRE 8,  it is necessary for java filing utility to run.
Do not uninstall JRE 8, as you will need for digital signatures.

32 Bit: http://filehippo.com/download_jre_32/56722/
64 Bit: http://filehippo.com/download_jre_64/56723/

By now you should have both Java 1.7 and Java 8 in your computer.

Step 2:
Download the file below. (Click on "download through your  browser" in the download window to begin the download)

ITR 2A: Click here to download

Step 3:
Place the above downloaded file in the folder containing the ITR 2A Java Utility.

That is all you have to do to solve the "Invalid ITR or Assessment year" error in ITR 2A.
Open the file and your ITR-2A  Java Utility should be running as fine as it did before.


(Remember:
                     1. Place the above file in the same folder as the utility


                     2. Click on "download through your  browser" in the download window to begin download) 

How to solve ITR 2 Invalid ITR or Assessment Year error in java utility


 The Problem
"Invalid ITR / Assessment Year", if you are wondering why as you didn't even open a xml or a draft yet to determine if it is an invalid ITR,  you are not alone.  Certainly nothing is more frustrating than encountering these errors in the peak filing season.  Well, no need for worries about going back into the excel utility as we have got yourselves covered.

The Solution
Ensure you have the latest version of the utility.  The Income Tax department keeps updating the utility without notice. So it is recommended you re-download the utility.  Now follow the steps below.

Step 1:
Check whether your computer has Java Runtime Environment 1.7 installed. This can be done by going to 'Uninstall a program' from the control panel . If you already have Java Runtime Environment 1.7 and Java Runtime Environment 8 already installed skip this step and proceed to the step 2.

Download Java Runtime 8 from Java.com, if you dont already have it.

Download Java Runtime Environment 1.7 from the links given below and install it.  If you are wondering why as you already have updated to  JRE 8,  it is necessary for java filing utility to run.
Do not uninstall JRE 8, as you will need for digital signatures.

32 Bit: http://filehippo.com/download_jre_32/56722/
64 Bit: http://filehippo.com/download_jre_64/56723/

By now you should have both Java 1.7 and Java 8 in your computer.

Step 2:
Download the file below. (Click on "download through your  browser" in the download window to begin the download)

ITR 2: Click here to download

Step 3:
Place the above downloaded file in the folder containing the ITR 2 Java Utility.

That is all you have to do to solve the "Invalid ITR or Assessment year" error in ITR 2.
Open the file and your ITR-2  Java Utility should be running as fine as it did before.


(Remember:
                     1. Place the above file in the same folder as the utility


                     2. Click on "download through your  browser" in the download window to begin download) 

How to solve ITR 1 Invalid ITR or Assessment Year error in java utility


 The Problem
"Invalid ITR / Assessment Year", if you are wondering why as you didn't even open a xml or a draft yet to determine if it is an invalid ITR,  you are not alone.  Certainly nothing is more frustrating than encountering these errors in the peak filing season.  Well, no need for worries about going back into the excel utility as we have got yourselves covered.

The Solution
Ensure you have the latest version of the utility.  The Income Tax department keeps updating the utility without notice. So it is recommended you re-download the utility.  Now follow the steps below.

Step 1:
Check whether your computer has Java Runtime Environment 1.7 installed. This can be done by going to 'Uninstall a program' from the control panel . If you already have Java Runtime Environment 1.7 and Java Runtime Environment 8 already installed skip this step and proceed to the step 2.

Download Java Runtime 8 from Java.com, if you dont already have it.

Download Java Runtime Environment 1.7 from the links given below and install it.  If you are wondering why as you already have updated to  JRE 8,  it is necessary for java filing utility to run.
Do not uninstall JRE 8, as you will need for digital signatures.

32 Bit: http://filehippo.com/download_jre_32/56722/
64 Bit: http://filehippo.com/download_jre_64/56723/

By now you should have both Java 1.7 and Java 8 in your computer.

Step 2:
Download the file below. (Click on "download through your  browser" in the download window to begin the download)

ITR 1: Click here to download

Step 3:
Place the above downloaded file in the folder containing the ITR 1 Java Utility.
That is all you have to do to solve the "Invalid ITR or Assessment year" error in ITR 1.
Open the file and your ITR-1  Java Utility should be running as fine as it did before.


(Remember:
                     1. Place the above file in the same folder as the utility


                     2. Click on "download through your  browser" in the download window to begin download) 

CENVAT: The Basics

CENVAT in general refers to the CENVAT credit.  It is an input credit for central indirect taxes like Excise Duty, Service Tax and Customs Duty in some cases.  Such Input Credit can be utilized for the payment of the Excise Duty for clearance of manufactured excisable goods, Payment of Service Tax for services provided and also can be utilized for the payment of Customs Duty subject to certain conditions.

CENVAT Credit is modified version of the now non-existent MODVAT Credit.  MODVAT allows credits only on excise. The MODVAT Credit shall be utilized for payment of Excise Duty only. But CENVAT Credit allows input from Excise Duty, Service Tax, Customs Duty to be recognized and utilized for the payment of Excise Duty and Service Tax on the outputs.



CENVAT is governed by the CENVAT Credit (Ammendment) Rules, 2015.


See also: Cenvat Recognition of credit



How to solve Form 3CB3CD "Please select a valid xml or draft file" error in java utility

No comments :

 The Problem
"Invalid ITR / Assessment Year", if you are wondering why as you didn't even open a xml or a draft yet to determine if it is an invalid ITR,  you are not alone.  Certainly nothing is more frustrating than encountering these errors in the peak filing season.  Well, no need for worries about going back into the excel utility as we have got yourselves covered.

The Solution
Preliminary:
Ensure you have the latest version of the utility.  The Income Tax department keeps updating the utility without notice. So it is recommended you re-download the utility.  Now follow the steps below.

Step 1:
Check whether your computer has Java Runtime Environment 1.7 installed. This can be done by going to 'Uninstall a program' from the control panel . If you already have Java Runtime Environment 1.7 and Java Runtime Environment 8 already installed skip this step and proceed to the step 2.

Download Java Runtime 8 from Java.com, if you dont already have it.

Download Java Runtime Environment 1.7 from the links given below and install it.  If you are wondering why as you already have updated to  JRE 8,  it is necessary for java filing utility to run.
Do not uninstall JRE 8, as you will need for digital signatures.

32 Bit: http://filehippo.com/download_jre_32/56722/
64 Bit: http://filehippo.com/download_jre_64/56723/

By now you should have both Java 1.7 and Java 8 in your computer.

Step 2:
Download the file below. (Click on "download through your  browser" in the download window to begin the download)

FORM 3CB-3CD: Click Here To Download

Step 3:
Place the above downloaded file in the folder containing the Form 3CA3CD Java Utility.

That is all you have to do to solve the "Please select a valid xml or draft file" error in form 3CA3CD.
Open the file and your 3CA3CD  Java Utility should be running as fine as it did before.


(Remember:
                     1. Place the above file in the same folder as the utility
                     2. Click on "download through your  browser" in the download window to begin download) 

How to solve Form 3CA3CD "Please select a valid xml or draft file" error in java utility


 The Problem
"Invalid ITR / Assessment Year", if you are wondering why as you didn't even open a xml or a draft yet to determine if it is an invalid ITR,  you are not alone.  Certainly nothing is more frustrating than encountering these errors in the peak filing season.  Well, no need for worries about going back into the excel utility as we have got yourselves covered.

The Solution
Ensure you have the latest version of the utility.  The Income Tax department keeps updating the utility without notice. So it is recommended you re-download the utility.  Now follow the steps below.

Step 1:
Check whether your computer has Java Runtime Environment 1.7 installed. This can be done by going to 'Uninstall a program' from the control panel . If you already have Java Runtime Environment 1.7 and Java Runtime Environment 8 already installed skip this step and proceed to the step 2.

Download Java Runtime 8 from Java.com, if you dont already have it.

Download Java Runtime Environment 1.7 from the links given below and install it.  If you are wondering why as you already have updated to  JRE 8,  it is necessary for java filing utility to run.
Do not uninstall JRE 8, as you will need for digital signatures.

32 Bit: http://filehippo.com/download_jre_32/56722/
64 Bit: http://filehippo.com/download_jre_64/56723/

By now you should have both Java 1.7 and Java 8 in your computer.

Step 2:
Download the file below. (Click on "download through your  browser" in the download window to begin the download)

FORM 3CA-3CD: Click Here To Download


Step 3:
Place the above downloaded file in the folder containing the Form 3CA3CD Java Utility.

That is all you have to do to solve the "Please select a valid xml or draft file" error in form 3CA3CD.
Open the file and your 3CA3CD  Java Utility should be running as fine as it did before.


(Remember:
                     1. Place the above file in the same folder as the utility


                     2. Click on "download through your  browser" in the download window to begin download) 

How to solve ITR 5 Invalid ITR or Assessment Year error in java utility


 The Problem
"Invalid ITR / Assessment Year", if you are wondering why as you didn't even open a xml or a draft yet to determine if it is an invalid ITR,  you are not alone.  Certainly nothing is more frustrating than encountering these errors in the peak filing season.  Well, no need for worries about going back into the excel utility as we have got yourselves covered.

The Solution
Ensure you have the latest version of the utility.  The Income Tax department keeps updating the utility without notice. So it is recommended you re-download the utility.  Now follow the steps below.

Step 1:
Check whether your computer has Java Runtime Environment 1.7 installed. This can be done by going to 'Uninstall a program' from the control panel . If you already have Java Runtime Environment 1.7 and Java Runtime Environment 8 already installed skip this step and proceed to the step 2.

Download Java Runtime 8 from Java.com, if you dont already have it.

Download Java Runtime Environment 1.7 from the links given below and install it.  If you are wondering why as you already have updated to  JRE 8,  it is necessary for java filing utility to run.
Do not uninstall JRE 8, as you will need for digital signatures.

32 Bit: http://filehippo.com/download_jre_32/56722/
64 Bit: http://filehippo.com/download_jre_64/56723/

By now you should have both Java 1.7 and Java 8 in your computer.

Step 2:
Download the file below. (Click on "download through your  browser" in the download window to begin the download)

ITR 5: Click Here To Download

Step 3:
Place the above downloaded file in the folder containing the ITR 5 Java Utility.
Open the file and your ITR-5  Java Utility should be running as fine as it did before.


(Remember:
                     1. Place the above file in the same folder as the utility
                     2. Click on "download through your  browser" in the download window to begin download) 

Tuesday, 22 September 2015

How to solve ITR 6 Invalid ITR / Assessment Year error in Java Utility

No comments :

 The Problem
"Invalid ITR / Assessment Year", if you are wondering why as you didn't even open a xml or a draft yet to determine if it is an invalid ITR,  you are not alone.  Certainly nothing is more frustrating than encountering these errors in the peak filing season.  Well, no need for worries about going back into the excel utility as we have got yourselves covered.

The Solution
Ensure you have the latest version of the utility.  The Income Tax department keeps updating the utility without notice. So it is recommended you re-download the utility.  Now follow the steps below.

Step 1:
Check whether your computer has Java Runtime Environment 1.7 installed. This can be done by going to 'Uninstall a program' from the control panel . If you already have Java Runtime Environment 1.7 and Java Runtime Environment 8 already installed skip this step and proceed to the step 2.

Download Java Runtime 8 from Java.com, if you dont already have it.

Download Java Runtime Environment 1.7 from the links given below and install it.  If you are wondering why as you already have updated to  JRE 8,  it is necessary for java filing utility to run.
Do not uninstall JRE 8, as you will need for digital signatures.

32 Bit: http://filehippo.com/download_jre_32/56722/
64 Bit: http://filehippo.com/download_jre_64/56723/

By now you should have both Java 1.7 and Java 8 in your computer.

Step 2:
Download the file below. (Click on "download through your  browser" in the download window to begin the download)

ITR 6: Click Here to download


Step 3:
Place the above downloaded file in the folder containing the ITR 5 Java Utility.
Open the file and your ITR-5  Java Utility should be running as fine as it did before.


(Remember:
                     1. Place the above file in the same folder as the utility

                     2. Click on "download through your  browser" in the download window to begin download) 

Wednesday, 16 September 2015

CENVAT: Recognition of Credit

CENVAT Credit is to be taken for the following indirect taxes
  1. Excise Duty + EC + SHE on input raw materials
  2. Service Tax + EC + SHE on input services
  3. Additional Customs Duty leviable under sub-section (5) of section 3 of the Customs Tariff Act.
Inputs  services are to be understood as services which could be directly linked to the production of finished goods for a manufacturer or rendering of service for a service provider. Credit cannot be taken on  Input services not directly related to the production of finished goods.

For example,
The service tax paid to a man power supply contractor, for the maintenance of Factory's Canteen cannot be considered as input credit.However, if the man power supplied is used in the production of finished goods, input credit can be claimed.

Input means:
  • All goods,  used in or in relation to the manufacture of final products
    •  whether directly or indirectly and
    •  whether contained in the final product or not and
    •  INCLUDES
      •  lubricating oils,
      •  greases,
      •  cutting oils,
      •  coolants,
      •  accessories of the final products cleared along with the final product,
      •  goods used as
        •  paint,
        •  packing material,
        •  fuel,
        •  generation of electricity or steam used in or in relation to manufacture of final products
        • for any other purpose,
      • within the factory of production;
    • EXCEPT
      •  light diesel oil,
      •  high speed diesel oil and
      •  motor spirit, commonly known as petrol.
  • Goods used in the manufacture of capital goods which are further used in the factory of the manufacturer;
    • EXCLUDING
      •  cement,
      •  angles,
      •  channels,
      •  Centrally Twisted Deform bar (CTD)
      •  Thermo Mechanically Treated bar (TMT) and
      •  other items used for construction of
        •  factory shed,
        •  building or laying of foundation or
        •  making of structures for support of capital goods;
Input Service means:
  • used by a provider of taxable service for providing an output service
  • used by the manufacturer,
    • whether directly or indirectly,
    •  in or in relation to
      •  the manufacture of final products and
      •  clearance of final products up-to the place of removal
  •  and INCLUDES services used in relation to
    •  setting up,
    •  modernization,
    •  renovation or repairs of a factory,
    •  premises of provider of output service or an office relating to such factory or premises,
    •  advertisement or sales promotion,
    •  market research,
    •  storage upto the place of removal,
    •  procurement of inputs,
    •  activities relating to business,
      •  such as accounting,
      •  auditing,
      •  financing,
      •  recruitment and
      •  quality control,
      •  coaching and
      •  training,
      •  computer networking,
      •  credit rating,
      •  share registry,
      •  security,
      •  inward transportation of inputs or capital goods and
      •  outward transportation up-to the place of removal;

    Indian Public Finance Statistics (2014-15) Released.

    Indian Public Finance (IPF) Statistics is an annual Publication prepared by the     Economic Division of the Department of Economic Affairs, Ministry of Finance. This provides a comprehensive overview of the budgetary transaction of the central and State Governments.
    In Addition to that publication Contains information relating to Annual Plan layout and pattern of their financing, trends in domestic saving and investment, trends in net domestic product of States, etc. The present issue of the publication provides such information from 2006-07 to 2014-15.

    Indian Public Finance Statistics Report 2014-15 contains information relating to
    1. Income and Expenditure of both revenue and Capital nature incurred by both state and central, Combined Budgetary Transactions of central and State.
    2. Provides  Share of Tax Revenue and from each state and Central
    3. Tax GDP Ratios : 1950-51 to 2014-15
    4. Deficit Financing i.e., Budgetary Deficit, Revenue Surplus/Deficit of state and Central.
    5. Five Year Plans i.e., plan layout of public sector 1951-52 to 2013-14.
    6. And Lot more finance expenditure and Income of State and Central Information.
    With IPF( 2014-15) One can know the Amount of Income generated by state Government and Central. Also as past Information is provided along with the present information one can easily compare with the past date and come to one perfect/ reasonable idea about the Indian/ Government steps to improve the Income of the state/central in future.

     Download Statistics (Official Server) : Click Here
    Alternate Server: Click Here

    (Use Alternate Server only if the official server is not available. After Clicking on Alternate Server, select download through your browser to begin download)


    Tuesday, 15 September 2015

    Government Notifies 4 Cost Accounting Standards



    The Institute of Cost Accountants of India released a Notification stating that the Government of India has notified the following Cost Accounting Standards with immediate effect.

    1. Cost Auditing Standard-101 on Planning an audit of Cost Statements;
    2. Cost Auditing Standard-102 on Cost Audit Documentation;
    3. Cost Auditing Standard-103 on Overall objectives of the independent cost auditor; and
    4. Cost Auditing Standard-104 on Knowledge of business, its processes and the business environment.

    The official release states that the Government of India, utilizing the power conferred to it under section  148(3) of the Companies Act, 2013 has notified the above standards through the Ministry of Corporate Affairs.


    The Official Relase can be found at:
    ICMAI Server :  Click Here
    Alternative Server:  Click Here

    The Offical Standards can be found at:
    ICMAI Server: Click Here

    (Note: Use Alternative only when the ICMAI server is not responding. In the alternate download, Click Download through your browser to begin download)