Reasons for rejection of correction statement by TDSCPC
Following are the common reasons for rejecting a correction statement: TAN is not valid as per data at TDSCPC Statement corresponding to regular token number…
View More Reasons for rejection of correction statement by TDSCPCNew version of RPU and FVU for TDS/TCS returns to be released by 19th June, 2015
It is proposed to release new version of NSDL e-Gov TDS/TCS-Return Preparation Utility (RPU) and File Validation Utility (FVU) tentatively on 19th June, 2015. Details…
View More New version of RPU and FVU for TDS/TCS returns to be released by 19th June, 2015List of TDS Defaulters compiled by Income Tax Department
Income Tax Department has compiled the list of all TDS Defaulters. List of TDS Defaulters includes: TDS return filed but deducted amount not deposited TDS…
View More List of TDS Defaulters compiled by Income Tax DepartmentDuties of person deducting tax at source and rights of tax payers
The duties of person deducting tax at source and the rights of the tax payers has been given below: Duties of person deducting tax at…
View More Duties of person deducting tax at source and rights of tax payersCircular on claiming Tax Credit against non-deposit of TDS
A circular has been issued by CBDT regarding non-deposit of Tax Deducted at Source. Â CBDT has mentioned in the circular that as per Section 199…
View More Circular on claiming Tax Credit against non-deposit of TDSImportant 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 SourceTax deducted at source and actual tax liability may differ
Though there is a provision to deduct tax at the source of income, one must assess this tax position. Despite TDS, one may have to…
View More Tax deducted at source and actual tax liability may differStrong action against big tax evaders acts as deterrent: CBDT
The CBDT dismissed reports that it has asked its officers to go beyond raids and searches to target tax evaders and maintained that stringent action…
View More Strong action against big tax evaders acts as deterrent: CBDTCBDT Clarifies Regarding Prosecution of Tax Evaders
Effective and Stringent Action only in known and big cases of Tax Evasion to Demonstrate to the Large Number of Compliant Tax Payers that the…
View More CBDT Clarifies Regarding Prosecution of Tax EvadersCBDT to field officials: Check bank, property details during assessment
The tax officials have also been asked to give due attention to writing off the arrears by identifying tax demand that cant be collected. Facing…
View More CBDT to field officials: Check bank, property details during assessment