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Month: December 2015

New facility of pre-filling TDS data while submitting online rectification

CBDT has issued a press release regarding the new facility that has been provided for pre-filling of TDS schedule while submitting online rectification request on…

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Interest, Penalty & Prosecution for Failure to Deposit Tax Deducted

If a person fails to deduct the whole or any part of the tax at source, or, after deducting, fails to pay the whole or…

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I-T department warns taxpayers against fraudulent emails

The Income Tax Department warned tax payers against phishing/fraudulent refund emails saying it does not seek details of personal information like PIN through e-mail. “The…

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Expedite Tax Refunds Below Rs. 50,000: CBDT

In an effort to reduce taxpayers grievances, the Central Board of Direct Taxes on Monday directed the Income Tax department to expedite issuance of pending…

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Consequences for a deductor if he fails to deduct TDS or fails to deposit it to the Government’s account

A deductor would face the following consequences if he fails to deduct TDS or after deducting the same fails to deposit it to the credit…

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Stringent authentication mechanism for filing of correction statements & download of TDS certificates, consolidated files etc. by Banks / Corporates

The Direct Taxes Directorate of Income-tax (Systems), CBDT vide Notification No. 3 /2015 dt. 1st of December 2015 has notified Stringent Authentication Mechanism through Corporate…

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CBDT notifies emails as new communication mode with taxpayers

The Central Board of Direct Taxes has notified use of emails as the new mode of communication between the taxman and taxpayers, as part of…

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CBDT press release: Extension of due date for deposit of TDS and TCS for the State of Tamil Nadu

CBDT has issued a press release regarding extension of due date for deposit of tax deducted at source and tax collected at source for the…

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CBDT extends due date for payment of TDS/TCS for Tamil Nadu

CBDT has extended the due date for deposit of tax deducted at source (TDS) and tax collected at source (TCS) during the month of November…

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Simplification of procedure for Form No.15G & 15H -regarding

F. No.: DGIT(S)/CPC(TDS)/DCIT/15GH /2015-16/14425-556 Government of India Ministry of Finance Central Board of Direct Taxes Directorate of Income-tax(Systems) New Delhi. Notification No. 4/2015 New Delhi,…

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