Deferred Tax Liability on Special Reserve created u/s. 36(1)(vii) of the Income Tax Act, 1961
The Income Tax Department has issued a circular regarding Deferred Tax Liability on special reserves created section 36(1)(vii) of the Income Tax Act which is…
View More Deferred Tax Liability on Special Reserve created u/s. 36(1)(vii) of the Income Tax Act, 1961Due date for payment of Advance tax extended to 17th December 2013
The tax payers are required to pay their december installment of Advance tax on or before 15th December, 2013. The taxpayers can make payments in…
View More Due date for payment of Advance tax extended to 17th December 2013Clarification by TRACES on Challan Date
TRACES department has issued the following letter to all the deductors: Dear Deductor, Greetings from Centralized Processing Cell of TDS! Your attention is drawn towards…
View More Clarification by TRACES on Challan Date
Know your PAN Structure meaning of pan digits
Structure of the new series of PAN: The Permanent Account Number under new series is based on following constant permanent parameters of a taxpayer and…
View More Know your PAN Structure meaning of pan digitsInterest on Late Payment of TDS
In case the assessee deposits the TDS Payment after the due date of payment of the tax deducted at source, he shall be liable to…
View More Interest on Late Payment of TDSDirect Online Corrections from TRACES website
As per the latest development in the TRACES, the following types of corrections can also be done directly from the TRACES website: 1. PAN Correction…
View More Direct Online Corrections from TRACES websiteDocument on which PAN required to be quoted
PAN should be quoted on all: Income-tax / TDS / TCS Returns, Correspondence with tax department, Tax challans, Correspondence, bills, vouchers and other documents which…
View More Document on which PAN required to be quotedThings to be done on receipt of demand notice u/s 234E Late Filing
What should One do on receipt of demand notice u/s 234E Late Filing? The default amount will have to be deposited through challan no. 281.…
View More Things to be done on receipt of demand notice u/s 234E Late FilingHow will transactions of more than one buyer/seller be filed in Form 26QB – TDS on immovable property?
1)How many Form no: 26 QB should be filled online if Immovable Property is purchased by two buyers from two sellers i.e. one sale deed…
View More How will transactions of more than one buyer/seller be filed in Form 26QB – TDS on immovable property?Procedure for filing eTDS/TCS Returns with Insufficient Deductee PAN
Finance Act, 2003 amended section 206 of Income Tax Act, 1961 to make it mandatory for corporate deductors to furnish their TDS returns in electronic…
View More Procedure for filing eTDS/TCS Returns with Insufficient Deductee PAN