Steps for filing Rectification request on receipt of demand notice due to mismatch of Income Tax
The CBDT has noted that many taxpayers are committing mistakes while furnishing their tax credit claims in the return of income. Such mistakes include: quoting…
View More Steps for filing Rectification request on receipt of demand notice due to mismatch of Income TaxFAQ on Section 194H – TDS from Commission and Brokerage
Q1. Who is responsible to deduct tax u/s 194H? Ans. Any person, (other than individual or a Hindu undivided family) who is responsible for paying, to…
View More FAQ on Section 194H – TDS from Commission and BrokerageLate filing of TDS return – Penalties, Prosecution & Interest Calculation
The various provisions of TDS are statutorily required to be strictly complied with. Any default in compliance can attract, levy of interest, penalty and in…
View More Late filing of TDS return – Penalties, Prosecution & Interest CalculationPoints to remember while filing TDS statements for 4th Quarter of FY: 2013-14
One should take care of the following information before submitting TDS return for 4th Quarter of Financial Year 2013-14 Payment of Taxes deducted/ collected: In accordance…
View More Points to remember while filing TDS statements for 4th Quarter of FY: 2013-14E-Filing of ITR for AY 2014-15
e-Filing of Returns/Forms is mandatory for: Any assessee having total income of Rs. 5 Lakhs and above from AY 2013-14 and subsequent Assessment Years. Individual/…
View More E-Filing of ITR for AY 2014-15Important due dates of eTDS and eTCS returns
Important due dates in the month of March 2014 has been given below: Due date to deposit tax deducted (TDS) in March 2014 – 30.04.2014 eTDS…
View More Important due dates of eTDS and eTCS returnsElectronic filing (e filing) of Income tax return with or without digital signature
As per rule 12 (Updated for AY 2014-15) (notification 24/2014 dated 01.04.2014) of income tax rules, income tax return can be filed using four modes.…
View More Electronic filing (e filing) of Income tax return with or without digital signatureType of ITR form one should use for filing income tax returns for AY 2014-15
The below table contains income tax return form to be filled for a particular nature of income. List of forms to be used by different persons for…
View More Type of ITR form one should use for filing income tax returns for AY 2014-15Nil TDS Statement / Declaration – Overview
TRACES introduced NIL TDS Statement/Declaration of TDS from the FY 2014-15. This is applicable for Deductors who did not deduct any tax during the relevant…
View More Nil TDS Statement / Declaration – OverviewProcedure of Converting Form 26AS text file to excel file
Form 26AS is most important document for tax payers as it is a tax payment and deduction ledger for them. It shows Tax deducted /collected…
View More Procedure of Converting Form 26AS text file to excel file