CPC (TDS) has issued a communication regarding outstanding defaults in quarterly TDS returns exceeding Rs.10 Crore from Financial Year 2007-08 to Quarter 1, Financial Year 2016-17. The issued communication has been given below: Date of communication: 23/08/2016 Dear Deductor (TAN -XXXXXXXXX) Centralized Processing Centre (TDS) has observed from its records that as on 2nd August,…
CPC (TDS) has issued a reminder communication to the banks regarding closure of defaults in quarterly TDS Statements from Financial Year 2007-08 to Financial Year 2016-17 of quarter 1. The issued communication has been given below: Date of communication: 20/08/2016 The Principal Officer Name: XXXXXXX PAN: XXXXXXXXXX Please refer to the earlier CPC (TDS) Communication…
Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, 9th September, 2016 Press Release Sub :- CBDT Extends due date for filing of Income Tax Returns-reg The due date for filing of Income tax returns by tax payers whose accounts are required to be audited under…
Non-resident investors who do not provide permanent account number will no longer have to face higher tax deduction at source. The income tax department has eased norms for non-resident investors, who will not be subjected to a higher rate of 20% tax deduction at source or TDS on their interest earnings, royalty or technical fee…
Background Recently, the Central Board of Direct Taxes (CBDT) has issued a Notification amending Income-tax Rules, 1962 (the Rules) with respect to Tax Deducted at Source (TDS) and Tax Collected at Source (TCS). The amended rules introduce Form 12BB using which the employees could declare relevant details to the employer to estimate tax deduction at…
Check your 26AS Tax credit statement regularly! 26AS statement contains tax credits available to taxpayer for claim in Income Tax Return along with information on refund, high value transactions and TDS defaults. View 26AS statement to check TDS credits as reported by your deductors. Insist on furnishing of TDS certificate downloaded by the deductor through…
F.No. DGIT(S)/CPC(TDS)/DCIT/15GH /2016-17 Government of India Ministry of Finance Central Board of Direct Taxes Directorate of Income-tax(Systems) New Delhi. Notification No. 10/2016 New Delhi, 31st August, 2016 Subject: Extension of due date for quarterly furnishing of 15G/15H declarations reg The due date for quarterly furnishing of 15G/15H declarations received by the payer from 1.4.2016 onwards…