Good news for taxpayers: I-T grievances like high-pitched assessments to be addressed in 2 months
Taxpayers facing “high-pitched” assessments or unfair scrutiny by the Income Tax Department can now attempt to get their grievances redressed in a short time before…
View More Good news for taxpayers: I-T grievances like high-pitched assessments to be addressed in 2 monthsSalaries of nuns and priests working as teachers are not exempted from TDS
The Madras High Court today ordered status quo on an Income Tax circular stating that salaries of nuns and priests working as teachers are not…
View More Salaries of nuns and priests working as teachers are not exempted from TDSRevised PAN application fees w.e.f 15th November, 2015
W.e. f. November 15, 2015, PAN application fees have been revised as under: For dispatch of PAN card in India:- 107 (inclusive of service tax)…
View More Revised PAN application fees w.e.f 15th November, 2015Important CPC (TDS) Communication on Payment of Taxes as a “Demand Payment”, Deducted on Purchase of Immovable Property
CPC (TDS) has issued an advisory communication to the purchasers of the property regarding payment of taxes, deducted on purchase of immovable property. The issued communication…
View More Important CPC (TDS) Communication on Payment of Taxes as a “Demand Payment”, Deducted on Purchase of Immovable PropertyVerification of TAN TDS Statements filed for Financial Years 2011, 2012 and 2013 (2 Deductee Rows)
CPC (TDS) has issued an advisory communication to all deductors regarding discrepancies which have been observed with respect to their TAN. The issued communication has been…
View More Verification of TAN TDS Statements filed for Financial Years 2011, 2012 and 2013 (2 Deductee Rows)Validation of tax returns through an Electronic Verification Code
Background Taxpayers who are not mandated to use a Digital Signature Certificate (DSC) for uploading their India Tax Returns   (ITR) are eligible to e-verify the…
View More Validation of tax returns through an Electronic Verification CodeThe taxpayer is entitled to TDS credit of its sister concern appearing in its Form 26AS due to an inadvertent error of a deductor
Background Recently, the Delhi High Court (High Court) in the case of Relcom1 (the taxpayer) held that the taxpayer is entitled to the credit of…
View More The taxpayer is entitled to TDS credit of its sister concern appearing in its Form 26AS due to an inadvertent error of a deductorDo not share personal data over phone, email: I-T dept to taxpayers
The Income Tax department on Tuesday issued an advisory asking taxpayers not to share their personal financial details over email or phone and urged them…
View More Do not share personal data over phone, email: I-T dept to taxpayersDeposit TDS by 7th November for tax deducted during October 2015
Due Date for payment of TDS is 7th November, 2015 for tax deducted during October 2015 Please Note: In case the assessee deposits the TDS…
View More Deposit TDS by 7th November for tax deducted during October 2015Issue TDS certificates by 30th October to avoid penalties
Last date for issuance of TDS/TCS certificates for Q2 of FY: 2015-16 is 30th October, 2015 The above is applicable for all other than government…
View More Issue TDS certificates by 30th October to avoid penalties