Every deductor is required to obtain a unique identification number called TAN (Tax Deduction Account Number) which is a ten digit alpha numeric number. This…
View More TAN STRUCTURE (Tax deduction Account Number)Category: TCS
Tax Collected at Source
Know your PAN Structure Meaning of PAN digits (Income Tax India)
Structure of the new series of PANÂ : The Permanent Account Number under new series is based on following constant permanent parameters of a taxpayer and…
View More Know your PAN Structure Meaning of PAN digits (Income Tax India)Revised CBDT Instruction on Grant of TDS Credit For AY 2011-12
Section 143 of the Income-tax Act, 1961  Assessment  General  Processing of returns of A.Y. 2011-12  Steps to clear backlog withdrawal of Instruction No. 1/2012, dated…
View More Revised CBDT Instruction on Grant of TDS Credit For AY 2011-12DEDUCTORS MUST ENSURE CORRECT CREDIT OF TDS IN CORRECT PERSON
Deductors Must Comply with their Obligations to Ensure Correct Credit to Persons from Whose Income Tax is Deducted at Source. All deductors other than Government…
View More DEDUCTORS MUST ENSURE CORRECT CREDIT OF TDS IN CORRECT PERSONNEW FVU 3.5 FILES RELEASED BY TIN-NSDL
New File Validation Utilities – FVU 3.5 have been released pertaining to validation of eTDS & eTCS returns. FVU 3.5Â will be applicable for quarterly TDS…
View More NEW FVU 3.5 FILES RELEASED BY TIN-NSDLTDS Credit without matching up to 5000/- A.Y. 2011-12
Few Months back Income tax department has issued instruction 01/2012 in which TDS matching with form 26AS was relaxed for assessment year 2011-12.In these instructions…
View More TDS Credit without matching up to 5000/- A.Y. 2011-12NEW PAN APPLICATION FORM 49A AND 49AA
With effect from April 8, 2012, PAN applications are required to be furnished in the new forms prescribed by ITD. Indian citizens will have to…
View More NEW PAN APPLICATION FORM 49A AND 49AAChanges in Tax Collection at Source (TCS) in Budget 2012
Introduction: As per the provisions of Section 206C, tax is required to be collected at source by the seller at the specified rate on certain…
View More Changes in Tax Collection at Source (TCS) in Budget 2012TDS, Advance Tax & SA Challan Status on Mobile
SMS BASED SERVICE FOR CHALLAN STATUS National Securities Depository Limited (NSDL) provides CIN (Challan Identification Number) based view of direct tax challans to taxpayers to…
View More TDS, Advance Tax & SA Challan Status on MobileAvoid TDS deduction on income Submit Form 15H/15G
Form 15G and form 15H are used for avoiding the TDS deduction at source if deductee expects his Income to be lower then the taxable…
View More Avoid TDS deduction on income Submit Form 15H/15G