CBDT (Central Board of Direct Taxes) has amended the rules pertaining to application of new pan card issued in its notification no. 96 dated December,…
View More New PAN application form 49A, 49AA Notified: Documents required to apply PAN card ModifiedMonth: December 2013
Introduction of Section 87A -Income Tax Rebate
A new section 87A by Finance bill 2013 has been introduced for Income Tax Deduction of Rs. 2000/- for Assessment Year 2014-15. This rebate can…
View More Introduction of Section 87A -Income Tax RebateDeferred Tax Liability on Special Reserve created u/s. 36(1)(vii) of the Income Tax Act, 1961
The Income Tax Department has issued a circular regarding Deferred Tax Liability on special reserves created section 36(1)(vii) of the Income Tax Act which is…
View More Deferred Tax Liability on Special Reserve created u/s. 36(1)(vii) of the Income Tax Act, 1961Due date for payment of Advance tax extended to 17th December 2013
The tax payers are required to pay their december installment of Advance tax on or before 15th December, 2013. The taxpayers can make payments in…
View More Due date for payment of Advance tax extended to 17th December 2013Clarification by TRACES on Challan Date
TRACES department has issued the following letter to all the deductors: Dear Deductor, Greetings from Centralized Processing Cell of TDS! Your attention is drawn towards…
View More Clarification by TRACES on Challan Date
Know your PAN Structure meaning of pan digits
Structure of the new series of PAN: The Permanent Account Number under new series is based on following constant permanent parameters of a taxpayer and…
View More Know your PAN Structure meaning of pan digitsInterest on Late Payment of TDS
In case the assessee deposits the TDS Payment after the due date of payment of the tax deducted at source, he shall be liable to…
View More Interest on Late Payment of TDSDirect Online Corrections from TRACES website
As per the latest development in the TRACES, the following types of corrections can also be done directly from the TRACES website: 1. PAN Correction…
View More Direct Online Corrections from TRACES websiteDocument on which PAN required to be quoted
PAN should be quoted on all: Income-tax / TDS / TCS Returns, Correspondence with tax department, Tax challans, Correspondence, bills, vouchers and other documents which…
View More Document on which PAN required to be quoted