CBDT mechanism for identification of duplicate PANs
ITBA-PAN Instruction No. 3Â Dated: 24-2-2016 As per current process, PAN holder who wants to update core field and address details of the PAN allotted…
View More CBDT mechanism for identification of duplicate PANsTDS on payments by broadcasters or television channels to production houses for production of content or programme for telecasting
Central Board of Direct Taxes (CBDT) has issued a circular regarding Tax Deduction at Source (TDS) on payments by broadcasters or television channels to production…
View More TDS on payments by broadcasters or television channels to production houses for production of content or programme for telecastingExpedite TDS mismatch cases to reduce taxpayers grievances: CBDT to I-T dept
The order has asked Assessing Officers of each region to take “immediate steps” and reduce the grievance of taxpayers. CBDT has instructed the Income Tax…
View More Expedite TDS mismatch cases to reduce taxpayers grievances: CBDT to I-T deptWhere TDS is applicable and how relief is availed
Salary income: Employer deducts TDS on total income, including income other than salary after taking into account all deductions and exemptions. This saves the individual…
View More Where TDS is applicable and how relief is availedDefaults in Quarterly TDS Statements exceeding Rs. 25 Lac from FY 2007-08 to Q3, FY 2015-16
CPC (TDS) has released a follow up communication to all deductors regarding defaults in quarterly TDS return exceeding Rs. 25 Lac from FY 2007-08 to Q3,…
View More Defaults in Quarterly TDS Statements exceeding Rs. 25 Lac from FY 2007-08 to Q3, FY 2015-16Interest, 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…
View More Interest, Penalty & Prosecution for Failure to Deposit Tax DeductedImportant Guidelines for payment towards liability on account of Tax Deducted / Collected at Source
Given below are some relevant guidelines related to payment of TDS/ TCS liability: A. Central Government Account (Receipts and Payments) Rules, 1983: Date of Receipt…
View More Important Guidelines for payment towards liability on account of Tax Deducted / Collected at SourceWhen and How to claim TDS Refund
In case of excess deduction of tax at source, claim of refund of such excess TDS can be made by the deductor. The excess amount…
View More When and How to claim TDS RefundFAQ on TDS/TCS Credit
What is view TDS / TCS credit? This is a facility which can be availed by deductor in order to verify whether the PANs for…
View More FAQ on TDS/TCS CreditBasic duties of the person who is liable to deduct tax at source
Following are the basic duties of the person who is liable to deduct tax at source: He shall obtain Tax Deduction Account Number and quote…
View More Basic duties of the person who is liable to deduct tax at source