No Penalty for mere reduction in deduction claimed
Issue – Whether the penalty was imposed U/s 271(1)(c ) because of the reason that the deduction claimed under section 80-IB by the respondent-assessee was…
View More No Penalty for mere reduction in deduction claimedAmount paid to seconded personnel not liable for deduction of tax at source
The trained man-power deployed abroad is drawn for the employees of its member companies. However, such deployed man-power continue to be the employees of its…
View More Amount paid to seconded personnel not liable for deduction of tax at sourceRegister / Track PAN Card Related Complain / Status
Income Tax Department has started a website namely Sparsh India to help Assessee to Register their complain related to PAN Card applied through NSDL or…
View More Register / Track PAN Card Related Complain / StatusDownload new Form 16A new TRACES pdf generation utility with digital singnature
www.tdscpc.gov.in has now provided a new form 16A PDF generation utility lighter version with small size and with digital signature feature. The steps to install…
View More Download new Form 16A new TRACES pdf generation utility with digital singnatureSteps to download NSDL consolidated file from TRACES
Here are the steps to download NSDL consolidated file from TRACES website: Login to TRACES: Login to TRACES as a deductor by entering User Id…
View More Steps to download NSDL consolidated file from TRACESPassword to open Consolidated Statement file downloaded from tdscpc.gov.in
As you know that to revised eTDS return Consolidated Statement file is required and for that also now you have to go to the new…
View More Password to open Consolidated Statement file downloaded from tdscpc.gov.inCredit for TDS allowed if Income shown in certificate is offered for tax despite certificate is not in Assessee name
Assessee is entitled to the credit of the TDS mentioned in the TDS certificates issued by the contractor, whether the said certificate is issued in…
View More Credit for TDS allowed if Income shown in certificate is offered for tax despite certificate is not in Assessee nameS.194H TDS not deductible on charges for utilization of credit card facilities
Commission paid to the credit card companies cannot be considered as falling within the purview of S.194H. Even though the definition of the term commission…
View More S.194H TDS not deductible on charges for utilization of credit card facilitiesInformation on Traces website
NSDL on behalf of the Income Tax Department has announced the shifting of the entire TDS data from their website to TRACES website (www.tdscpc.gov.in). After…
View More Information on Traces websiteSoon TDS Correction Statement can be filed with Digital Signature only
CBDT has vide Notification No. 3/2013, dated 15-1-2013 introduced Centralised Processing of Statements of Tax Deducted at Source Scheme, 2013 for centralised processing of statements…
View More Soon TDS Correction Statement can be filed with Digital Signature only