CBDT Circular: TDS on Salary for Financial Year 2015-16
Central Board of Direct Taxes (CBDT) has issued a circular which contains the rates of deduction of income-tax from the payment of income chargeable under…
View More CBDT Circular: TDS on Salary for Financial Year 2015-16Failure to pay TDS collected can attract 7 year jail term: CBDT
Employers failing to pay the Government the tax deducted at source (TDS) on salaries of their employees can be jailed for up to seven years,…
View More Failure to pay TDS collected can attract 7 year jail term: CBDTDeposit TDS by 7th December for tax deducted during November’15
Due Date for payment of TDS is 7th December, 2015 for tax deducted during November 2015 Please Note: For delayed payments, interest @ 1.5% for…
View More Deposit TDS by 7th December for tax deducted during November’15Guidelines for an employer to deduct TDS and issue Form16
Following are the guidelines for an employer to deduct TDS and issue Form 16: Make mandatory for all the employees to declare previous salary, investment…
View More Guidelines for an employer to deduct TDS and issue Form16Due Dates for December 2015
7 December 2015 – Due date for deposit of Tax deducted/collected for the month of November, 2015. However, all sum deducted/collected by an office of…
View More Due Dates for December 2015Different matching statuses in Form 16 / Form 16A
Following are different matching statuses in Form 16 / Form 16A: U-Unmatched (Deductor has not deposited taxes or has furnished incorrect particulars of tax payment.…
View More Different matching statuses in Form 16 / Form 16AIncome Tax department launches upgraded website for taxpayers
The Income Tax department has launched an upgraded version of its official web portal featuring better links for taxpayer services and grievance redressal. The new…
View More Income Tax department launches upgraded website for taxpayersSteps for requesting Form 16
The procedure for requesting Form 16 from TRACES website has been given below: From FY:18-19 onwards, the Income Tax department is now providing both Part…
View More Steps for requesting Form 16Frequently Asked Questions (FAQ) on Form 16/16A
What is Form 16 / 16A? It is the certificate of deduction of tax at source by any person in accordance with Chapter XVII-B of…
View More Frequently Asked Questions (FAQ) on Form 16/16AI-T department launches PAN-based e-litigation management system
Aimed to reduce lengthy proceedings and time taken in litigation, the Income Tax department has activated a PAN-based online system which enables the taxman to…
View More I-T department launches PAN-based e-litigation management system