The duties of person deducting tax at source and the rights of the tax payers has been given below: Duties of person deducting tax at…
View More Duties of person deducting tax at source and rights of tax payersMonth: June 2015
Circular on claiming Tax Credit against non-deposit of TDS
A circular has been issued by CBDT regarding non-deposit of Tax Deducted at Source. CBDT has mentioned in the circular that as per Section 199…
View More Circular on claiming Tax Credit against non-deposit of TDSImportant Guidelines for payment towards liability on account of Tax Deducted / Collected at Source
Given below are some relevant guidelines related to payment of TDS/ TCS liability: A. Central Government Account (Receipts and Payments) Rules, 1983: Date of Receipt…
View More Important Guidelines for payment towards liability on account of Tax Deducted / Collected at SourceTax deducted at source and actual tax liability may differ
Though there is a provision to deduct tax at the source of income, one must assess this tax position. Despite TDS, one may have to…
View More Tax deducted at source and actual tax liability may differStrong action against big tax evaders acts as deterrent: CBDT
The CBDT dismissed reports that it has asked its officers to go beyond raids and searches to target tax evaders and maintained that stringent action…
View More Strong action against big tax evaders acts as deterrent: CBDTCBDT Clarifies Regarding Prosecution of Tax Evaders
Effective and Stringent Action only in known and big cases of Tax Evasion to Demonstrate to the Large Number of Compliant Tax Payers that the…
View More CBDT Clarifies Regarding Prosecution of Tax EvadersCBDT to field officials: Check bank, property details during assessment
The tax officials have also been asked to give due attention to writing off the arrears by identifying tax demand that cant be collected. Facing…
View More CBDT to field officials: Check bank, property details during assessmentTDS/TCS Rates Chart for F.Y. 2015-16
The TDS and TCS rates chart for the financial year 2015-16 has been given below: TDS rates for F.Y. 2015-16 Nature of Payment Made To Residents…
View More TDS/TCS Rates Chart for F.Y. 2015-16PAN and TAN application fees revised by NSDL
W. e. f. June 1, 2015, PAN & TAN application fees have been revised as under: 1. For dispatch of PAN card in India: Rs.…
View More PAN and TAN application fees revised by NSDLProvident funds: Premature withdrawal to be subject to TDS
Provident fund withdrawals before five years of completion of service will now attract income tax ranging between 10 per cent and 34.608 per cent. A…
View More Provident funds: Premature withdrawal to be subject to TDS