There is no change in income tax rates, slabs at all. No change in exemption limit. Only tax rebate of Rs 2000 has been allowed for income tax slabs between 2 lakh-5 lakh. So if your income is more than 500000 and less than 1 crore then no tax rate change for you. Income is…
Browser Settings Income Tax Department recommends that you use the following browser specifications for the best view of https://incometaxindiaefiling.gov.in website. You may still be able to use the e-filing website using other browsers and versions, but the pages may not display properly or you may experience difficulties to use all of the functionality. Mozilla Firefox (…
TDS related forms and rules regarding digital singnature of TDS return has been changed through INCOME-TAX (SECOND AMENDMENT) RULES, 2013 – AMENDMENT IN RULES 31A & 31AA; SUBSTITUTION OF RULES 31ACB, 37J and FORM NOS.15G, 15H, 16, 16A, 24Q, 26Q, 27C, 27D, 27Q & 27EQ and INSERTION OF FORM NO. 26B, notification no 11/2013 date…
FM to Dedicate Centralized Processing Cell for Tax Deducted at Source, CPC (TDS) Today The Union Finance Minister Shri P. Chidambaram, will dedicate the Centralized Processing Cell for Tax Deducted at Source, CPC (TDS) to the nation today. The CPC (TDS) will be situated at Aayakar Bhawan, Sector-3, Vaishali, Ghaziabad (UP). It will provide the…
Income Tax rules regarding refund of excess deposit of TDS by deductor has been amended in notification 11/2013 dated 19.02.2013. In this notification deductor can claim refund of excess TDS by filing the return electronically on New form 26B with digital signature only .New rule 31A(3A) has been inserted under rule 31A. Further Director general…
A judgment is an authority for what it decides. It applies only to those cases in which the requisite amount of tax has been deducted at source out of payments made to the payee and thereafter deposited on or before the due date stipulated by law. The said judgment does not apply to a case…
As you are aware of it that Form 26AS (Pan Ledger) now can be viewed from new website www.tdscpc.gov.in. Form 26AS shows details of tax deposited by tax payer, tax deducted by deductor, tax collected by deductor and details of refund if any issued by the Income tax department. Every pan holder should register at…
INCOME-TAX (SECOND AMENDMENT) RULES, 2013 – AMENDMENT IN RULES 31A & 31AA; SUBSTITUTION OF RULES 31ACB, 37J AND FORM NOS.15G, 15H, 16, 16A, 24Q, 26Q, 27C, 27D, 27Q & 27EQ AND INSERTION OF FORM NO. 26B NOTIFICATION NO. 11/2013[F.NO.142/31/2012-SO(TPL)]/SO 410(E), DATED 19-2-2013 In exercise of the powers conferred by section 295 of the Income-tax…
It is compulsory for all deductors to download TDS Consolidated Statement file and TDS Certificate from TRACES website only. Facility to download the Consolidated file statement (file required for making corrections ) and TDS Certificate (Form 16 and Form 16A) is now discontinued from TIN – NSDL Website. All the requests will now be processed…
MISMATCH OF TDS 1. A major problem noted across the country is that of mis-match of TDS payments claimed by the deductees in their returns of income vis- a -vis the TDS payments reflected by the deductors in their e-TDS returns and also the non reflection of the TDS payments in the system, in case…