Due date to deposit TDS, March 2013, Form 16, 16A, 24Q, 26Q are as follows: Due date to deposit tax deducted (TDS) in March…
View More Due date to deposit TDS, March 2013, Form 16,16A, 24Q, 26QMonth: March 2013
E-filing may be must for people with annual income above Rs 5 lakh
Taxpayers having an annual income of over Rs 5 lakh will be required to file their returns in electronic form, a senior Finance Ministry official…
View More E-filing may be must for people with annual income above Rs 5 lakhCIT, CPC (TDS) will be subordinate to DGIT (System)
MINISTRY OF FINANCE (Department of Revenue), (Central Board of Direct Taxes), NOTIFICATION No. 15/2013, Income-Tax, New Delhi, the 26th February, 2013 S.O. 460(E).-In exercise…
View More CIT, CPC (TDS) will be subordinate to DGIT (System)Ten Tax Saving Options for Salaried Employees
1. Leave allowance: An employee can use such an allowance to cover his domestic travel and can be used for air, rail, and road transport. 2.Gratuity…
View More Ten Tax Saving Options for Salaried EmployeesHandling of PPF deduction u/s 80C
Suppose a Cheque is deposited in PPF on 29th March 2013 and it got cleared on 1st April 2013 then according to the Govt. Tax…
View More Handling of PPF deduction u/s 80CBudget -1% TDS on transfer of Immovable property exceeding Rs.50 lakh
Tax Deduction at Source (TDS) on transfer of certain immovable properties (other than agricultural land) There is a statutory requirement under section 1 39A of…
View More Budget -1% TDS on transfer of Immovable property exceeding Rs.50 lakhBudget -Income Tax Surcharge Rate hiked for higher Income Assessees
The Finance Bill 2013-14 proposes a surcharge of 10 per cent on persons whose taxable income exceed Rs. 1 crore per year. This will apply…
View More Budget -Income Tax Surcharge Rate hiked for higher Income AssesseesTDS Rates for FY 2013-14 / AY 2014-15
Applicable TDS Rates are same as were in force for F.Y. 2013-13 except the changes specified below. I.Rates for deduction of income-tax at source during…
View More TDS Rates for FY 2013-14 / AY 2014-15