CBDT: Initiatives for Reducing Litigation
Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes PRESS RELEASE New Delhi, 15th January, 2016 Subject: Initiatives for reducing…
View More CBDT: Initiatives for Reducing LitigationImmediate I-T refund of amount up to Rs 5,000 to Taxpayers by 31.01.2016
The government has ordered that income tax refunds of up to Rs 5,000 should be made immediately in its latest attempt to clear the backlog…
View More Immediate I-T refund of amount up to Rs 5,000 to Taxpayers by 31.01.2016Points to remember before filing the quarterly TDS statement
Given below are the points one should remember before quarterly etds filing: Correct Reporting: Cancellation of TDS return and deductee row is no longer permissible. Accordingly,…
View More Points to remember before filing the quarterly TDS statementDo’s & Dont’s for TDS Returns
Given below are some do’s and don’t for filing of TDS returns: Do’s Ensure that TDS return is filed with same TAN against which TDS…
View More Do’s & Dont’s for TDS ReturnsLast date of TDS return filing for Q3, FY: 2015-16 is 15th January, 2016
With the introduction of Section 234E, there is now a provision of stringent penalties for delayed filing of TDS returns. Failure to submit e-TDS Statement…
View More Last date of TDS return filing for Q3, FY: 2015-16 is 15th January, 2016Advisory regarding Lower Deduction Certificate for Deductor(s)
Advisory for Deductors Deductors deduct tax at lower rate on payment/credit to deductee on production of certificate duly issued by assessing officers under section 197.…
View More Advisory regarding Lower Deduction Certificate for Deductor(s)Basic principles of TDS Compliance
The following are the basic principles of TDS compliance: Deduction/ Collection of Tax at Correct Rates Timely Deposit of Tax Deducted at Source Accurate Reporting…
View More Basic principles of TDS ComplianceDue Date of TDS payment for December 2015 is 7th January, 2016
Due Date for payment of TDS is 7th January, 2016 for tax deducted during December 2015 Please Note: In case the assessee deposits the TDS…
View More Due Date of TDS payment for December 2015 is 7th January, 2016Due Dates for January 2016
7 January 2016 – Due date for deposit of Tax deducted/collected for the month of December, 2015. However, all sum deducted/collected by an office of…
View More Due Dates for January 2016Amendment of Rules regarding quoting of PAN for specified transactions
Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes PRESS RELEASE New Delhi, 31st December, 2015 Subject: Amendment of…
View More Amendment of Rules regarding quoting of PAN for specified transactions