ITD has started processing of TDS returns for 2010-11 (u/s 200A) and earlier years (u/s 201). All ‘defaults’ information, those processed after 01-04-2011, are now made available at www.tin-nsdl.com. (Login after TAN registration) The defaults will be raised as & when processed and will be kept updated in this area. It will be in a…
Before filing the tax forms, you need to deposit the balance tax due and interest, if any. This amount is based on your tax liability for the year, after taking into account advance tax paid and tax deducted at source. Lately the scope of tax deduction at source has been increased and includes salary, rent,…
CBDT had earlier clarified that no claim of refund can be made after two years from the end of financial year in which tax was deductible at source. Now, the Board clarifies that The refund claims pertaining to the period up to March 31, 2009 may be submitted to the Assessing Officer (TDS) up to…