Here is an important judgement of the Honble Rajasthan High Court, in the case of Commissioner of Income Tax (TDS), Jaipur Vs. M/s. Rajasthan Urban…
View More No TDS on Service Tax on Professional or Technical feesMonth: August 2013
Deductor not responsible for non-mention PAN of Deductee in TDS Certificate
As per Income Tax rulings regarding issuing of Form-16 or 16A, deductors are not responsible for non-mention of payees PAN in it. In the other…
View More Deductor not responsible for non-mention PAN of Deductee in TDS CertificateReasons for the delay in tax refunds
Mismatch of Tax Credit (Form 26AS): One of the most common reasons of tax refund delays is mismatching of the taxes paid by you with…
View More Reasons for the delay in tax refundsDownloading of Form 16B by buyers of immovable property
Buyer of immovable property can download Form 16B after registering on TRACES website as a Tax Payer.
View More Downloading of Form 16B by buyers of immovable propertyJustification reports currently unavailable on TRACES website
Justification Report is currently unavailable on TRACES website for F.Y. 2012-13 and Form Type 24Q due to some technical reasons. There is no news when…
View More Justification reports currently unavailable on TRACES websiteTDS on Real estate Industry
Concept of TDS for Real estate Industry: Vide Finance Act 2013; concept of TDS on Real estate transactions was introduced in India. As per Newly…
View More TDS on Real estate IndustryTDSMAN updated with FVU ver. 3.9 & FVU ver. 2.135
TDSMAN software has been updated for the newly released File Validation Utilities (FVU ver. 3.9 and FVU ver. 2.135). All licensed and trial users are…
View More TDSMAN updated with FVU ver. 3.9 & FVU ver. 2.135Procedure for online e-Filing of Income Tax Return for A.Y. 2013-14
Income tax department has published the latest Online e-File Income Tax Return Procedure for Assessment Year 2013-14. In this new procedure, tax payee can free download ITR-I to ITR-4S…
View More Procedure for online e-Filing of Income Tax Return for A.Y. 2013-14Correction Statements for F.Y. 2013-14 can now be prepared using FVU 3.9
As observed, the FVU version 3.8 released by NSDL was not allowing the preparation of Correction Statements for F.Y. 2013-14. On 12th August 2013, New File…
View More Correction Statements for F.Y. 2013-14 can now be prepared using FVU 3.9Request for consolidated file temporarily suspended at TRACES
Consolidated file request functionality will not be available for deductors till 19th August, 2013. The functionality will be resumed from 20th August, 2013 onwards.
View More Request for consolidated file temporarily suspended at TRACES