Refund Claims may be made pertaining to March 31,2009 may be submitted upto March 31, 2012
CBDT had earlier clarified that no claim of refund can be made after two years from the end of financial year in which tax was…
View More Refund Claims may be made pertaining to March 31,2009 may be submitted upto March 31, 2012Facts about Forms 15H and 15G
Form 15G and Form 15H are used for avoiding the TDS deduction while computing the interest earned during the financial year. In this article we…
View More Facts about Forms 15H and 15GCBDT exempts salaried taxpayers with Total Income upto Rs. 5 lakh from filing income tax
The Central Board of Direct Taxes has notified the scheme exempting salaried taxpayers with total income up to Rs.5 lakh from filing income tax return…
View More CBDT exempts salaried taxpayers with Total Income upto Rs. 5 lakh from filing income taxNew Procedure of Income Tax payment challan correction
Revised Procedure from 1st September 2011 to get Income Tax Challan corrected / Rectified which were  paid at bank in Physical Mode and time period…
View More New Procedure of Income Tax payment challan correctionVerification of Form No: 16A
 Form 16A can now be viewed for the purpose of verification. Form 16A is the certificate generated by the TIN website issued by Deductor to…
View More Verification of Form No: 16ATCS Rates for the FY 2011-12
The Tax Collection at Source Rates for the Financial Year 2011-12 is tabulated below: Sl.No. Nature of Goods Rates in % 1. Alcoholic liquor for…
View More TCS Rates for the FY 2011-12Surcharge on Income-tax
Surcharge on Income-tax is not deductible/collectible at source in case of individual/ HUF /Firm/ AOP / BOI/Domestic Company in respect of payment of income other…
View More Surcharge on Income-taxNo Education Cess on payment made to resident
Education Cess is not deductible/collectible at source in case of resident Individual/HUF /Firm/ AOP/ BOI/ Domestic Company in respect of payment of income other than…
View More No Education Cess on payment made to residentAcceptance of e-TDS/TCS statements in Pen Drive
Submission of e-TDS/TCS statement has been enabled in Pen Drive in addition to the existing option of CD. Deductors /Collectors are advised to check the…
View More Acceptance of e-TDS/TCS statements in Pen DriveHigher Rate deductions liable for PANNOTAVBL Deductees
As per new provision of tax deduction at source (TDS) under the Income Tax Act 1961 effective from April 1, 2010, TDS at higher of…
View More Higher Rate deductions liable for PANNOTAVBL Deductees