Wednesday, May 30, 2007
E-Filing of Income Tax Returns
In a step towards e-governance, Income tax department of India has launched e-filing of Income tax returns. Government has also permitted corporates to issue digitally signed Form-16 to its employees. So, this year you need not attach your Form-16 and stand in a large queue to file your returns. Also, it is said that e-filing will enable you claim your refund more easily and quickly. There are different ways to e-file your return. But, I feel PDF is the best way to do the same as it is difficult for layman to understand XML files etc..
More details can be found here.
For simplicity, I am posting the steps for e-filing.
More details can be found here.
For simplicity, I am posting the steps for e-filing.
 | Download Return Preparation Software |
| | Fill your return offline and generate a XML/PDF file. |
| | Register and create an user id/password |
| | Login and click on relevant form on left panel and select "Submit Your Returns" |
| | Browse to select XML file and click on "Upload" button. In case of PDF simply fill the fields and submit. |
| | On successful upload acknowledgement details would be displayed. Click on "Print" to generate printout of acknowledgement |
| | Incase the return is digitally signed, then the "Provisional Acknowledgement" number is the final acknowledgement number. Take printout of the return for your records |
| | Incase the return is not digitally signed, take a printout of the return and file it with the Income Tax Department along with the printout of the acknowledgement |
| | For any assistance in filing the paper copy of the return please contact the Public Relations Officer of the local Income Tax Office |
Tuesday, May 08, 2007
F1 VISA Interview
I had got admit from Kelley School of Business, Indiana, USA. I had no idea of the VISA interview process. I went through the US embassy website regarding the process. I came to know that for F-1 VISA I need to get the Form I-20 from the university. Then, I paid the SEVIS fess of 100$ (only for student VISA). Then, I deposited close to 5k in HDFC Bank and got the receipt. I scheduled the interview through the website and got the forms DS-156, 157 and 158.
Now I came to know that I need to show proof of funds. I deposited the amount slightly more than 1 yr fess in my father's a/c (borrowing temporarily from different sources) in a bank a/c and got the bank certificate for the same. I also took another certificate from bank saying that he has assets which can be liquidated to cover 2 years expenses.
I went to VISA interview carrying all the financial documents, IT returns, property papers, marks cards, transcripts etc.. When I was waiting for my turn, I saw few F-1 visas being rejected. I got little tense. My turn came and the interviewer looked at my marks sheets, asked about my degree aggregate %. He asked me when I would return and I told immediately after completion. he did not even ask for any financial documents and approved my VISA. All my effort of collecting so many financial documents was wasted. But, I would suggest everybody to carry all financial docs they can to have high chances of approval.
Now I came to know that I need to show proof of funds. I deposited the amount slightly more than 1 yr fess in my father's a/c (borrowing temporarily from different sources) in a bank a/c and got the bank certificate for the same. I also took another certificate from bank saying that he has assets which can be liquidated to cover 2 years expenses.
I went to VISA interview carrying all the financial documents, IT returns, property papers, marks cards, transcripts etc.. When I was waiting for my turn, I saw few F-1 visas being rejected. I got little tense. My turn came and the interviewer looked at my marks sheets, asked about my degree aggregate %. He asked me when I would return and I told immediately after completion. he did not even ask for any financial documents and approved my VISA. All my effort of collecting so many financial documents was wasted. But, I would suggest everybody to carry all financial docs they can to have high chances of approval.
Labels: F1 VISA
