NEW DELHI: The Income Tax department has brought out new guidelines to award secret informers providing actionable clue about “untraceable” assesses who owe huge taxes…
View More Black money: Upto Rs 15 lakh award for information against tax defaultersCategory: Newspaper clippings
Tax implications of fixed deposits
If you are in the higher tax bracket, that is 20% or 30%, make sure that you pay the additional interest before filing your tax…
View More Tax implications of fixed depositsI-T dept to bring one crore new people under tax net this fiscal
The income tax department has launched an ambitious drive to bring under its net 10 million new taxpayers, after the government recently asked the official…
View More I-T dept to bring one crore new people under tax net this fiscalCBDT 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 assessmentDeduct tax at source while purchasing property
Deduct tax at source while purchasing property else, you’ll need to pay from own pocket with interest and penalty. On receiving a notice from the…
View More Deduct tax at source while purchasing propertyCBDT issues Circular for Early & Satisfactory Resolution of Taxpayers’ Grievances
CBDT has issued a circular for early & satisfactory resolution of taxpayers’ grievances relating to verification & correction of tax demand outstanding against them. The…
View More CBDT issues Circular for Early & Satisfactory Resolution of Taxpayers’ GrievancesTDS/TCS Compliances May 2014
1. Last date for payment of tax deductions/collections for April-7th May 2014 2. Last date of filing of TDS/TCS returns for Q4 of F.Y. 2013-14…
View More TDS/TCS Compliances May 2014CPC(TDS) Advisory Communication regarding “Aggregated TDS Compliance” at Organization’s PAN Level
CPC (TDS) has issued a letter to all deductors with information regarding the release of new feature Aggregated TDS Compliance at Organizations PAN level. The letter…
View More CPC(TDS) Advisory Communication regarding “Aggregated TDS Compliance” at Organization’s PAN Level