Due date to deposit TDS, March 2013, Form 16, 16A, 24Q, 26Q are as follows: Due date to deposit tax deducted (TDS) in March 2013 is 30.04.2013 Etds return due date for salary Q4 (01.01.2013 to 31.03.2013) (form 24 Q) is 15.05.2013 Etds return due date for other than salary Q4(01.01.2013 to 31.03.2013) (26q)…
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 said on Tuesday. Besides, the Finance Ministry is also making provisions for e-filing of Wealth Tax returns. Income tax returns for the group above Rs 5 lakh, all such returns…
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 of the powers conferred by Section 118 of the Income-taxAct,1961(43 of 1961), the Central Board of Direct Taxes hereby directs that the income-tax authority specified in column (3) of the…
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 paid to an employee also has taxation benefits. To determine the taxability of gratuity, it is important to understand whether an employee is covered by payment of gratuity act. If an…
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 Deposit Rule, where if the tax is deposited within the due date by cheque but it got cleared after the due date then the cheque’s tender date will be taken…
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 the Income-tax Act read with rule 11 4B of the Income-tax Rules, 1962 to quote Permanent Account Number (PAN) in documents pertaining to purchase or sale of immovable property for…
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 to individuals, HUFs, firms and entities with similar tax status. Presenting the Union Budget in the Lok Sabha, the Finance Minister Shri P.Chidambaram said that he also proposes to increase…
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 the financial year 2013-14 from certain incomes other than – “Salaries”. The rates for deduction of income-tax at source during the financial year 2013-14 from certain incomes other than “Salaries”…