The TDS rates chart for the financial year 2016-17 as proposed in the budget has been given below: Proposed TDS rates for F.Y. 2016-17 (w.e.f. 01.06.2016)…
View More Proposed TDS Rates Chart for F.Y. 2016-17Month: March 2016
Due Dates for the month of April 2016
7 April 2016 – Due date for deposit of Tax collected for the month of March, 2016. However, all sum collected by an office of…
View More Due Dates for the month of April 2016Income Tax department gets new tech tool to identify, kill duplicate PAN
After years of labour, the Income Tax department has finally got a new technology tool to check the menace of duplicate PAN cards which also…
View More Income Tax department gets new tech tool to identify, kill duplicate PANNo demand notice if TDS not deposited by deductor
Income Tax officials sometimes penalize you even if you correctly comply the provisions. You being a taxpayer whose tax has been deducted at source but…
View More No demand notice if TDS not deposited by deductorChanges in TDS Rate in Budget 2016
In Budget 2016, FM announced an overhaul of Indias tax deducted at sources (TDS) system. Government hasreduced the rates of Tax Deducted at Source (TDS)…
View More Changes in TDS Rate in Budget 2016Issue of clarification on contentious TDS issues
Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes PRESS RELEASE New Delhi, 8th March, 2016 Subject: Issue of clarification…
View More Issue of clarification on contentious TDS issuesNon-enforcement of recovery of demand against the assessee where tax has been deducted but not deposited by the deductor
CBDT has issued a press release regarding non-enforcement of recovery of demand against the assessee where tax has been deducted but not deposited by the…
View More Non-enforcement of recovery of demand against the assessee where tax has been deducted but not deposited by the deductorBudget 2016: NRIs without PAN not to be subjected to higher rate of TDS
Finance Minister Arun Jaitley in his Budget 2016 speech said that Non-resident Indians (NRIs) without PAN will not be subjected to higher rate of TDS.…
View More Budget 2016: NRIs without PAN not to be subjected to higher rate of TDSCBDT halves Income Tax refunds issue timeline to 15 days for this fiscal
Concerned over the rising cases of refund-related grievances of the tax-paying public, CBDT today issued fresh directions to the Income Tax Department asking it to…
View More CBDT halves Income Tax refunds issue timeline to 15 days for this fiscalTDS Rates to come down to better cash flow of Small Taxpayers
Government has reduced the rates of Tax Deducted at Source (TDS) on several deductions with a view to improve cash flow, especially of small tax…
View More TDS Rates to come down to better cash flow of Small Taxpayers