Dear Deductor, As per the records of Centralized Processing Cell (TDS), the TDS Statements have been filed by you for different quarters for the Financial Year 2013-14. However, you have not yet downloaded TDS Certificates (Forms 16/ 16A) from our portal. Please refer to the following provisions of the Income Tax Act, 1961 in this…
CPC (TDS) has issued a communication to the deductors regarding TDS Statements filed for Q 1, FY 2012-13 but not yet filed for Q 1, FY 2013-14. Through this communication, CPC(TDS) has made it clear that if deductors are not required to submit the relevant statement, then they are requested to submit a declaration by…
CPC(TDS) has issued a reminder communication to all deductors regarding invalid/non available PANs. The issued communication has been given below: Dear Deductor, CPC(TDS) has observed from its records that you have consistently reported Invalid / Not Available PANs in the Quarterly TDS Statements submitted during the period from Q4, 2012-13 to Q3,2013-14. Please note that you are amongst deductors,…
CBDT has released a press release on 4th July 2014 in which it has been mentioned that now One mobile number or email ID can be used for a maximum of 10 user accounts as the Primary Contact- Mobile Number and Email ID in e-Filing. The press released has been given below: UPDATE AND VALIDATE…
CBDT has issued a notification 32/2014 dated 23-06-2014 regarding wealth tax return. CBDT has prescribed that this form can be filed online with or without digital signature. For certain class of Assessee i.e. Individual/HUF not liable to tax audit e-filing is optional but for other class of Assessees i.e. Individual/HUF liable to audit and Companies …
CBDT has revised PAN Application form 49A and 49AA wef from 16.05.2014 vide its notification no. 26/2014, Dated- 16-5-2014. This new form provide option to individuals to show mother’s name on PAN card. In revised pan application form Father’s name remain mandatory but column has been provided for Individuals to fill mothers name also. Further…
SECTION 139D OF THE INCOME-TAX ACT, 1961 – FILING OF RETURN IN ELECTRONIC FORM – EXTENSION OF FACILITY TO TAXPAYERS TO VERIFY IF DEMAND IN THEIR CASE IS DUE TO TAX CREDIT MISMATCH ON ACCOUNT OF INCORRECT FURNISHING OF SPECIFIED PARTICULARS AND SUBMIT RECTIFICATION REQUESTS WITH CORRECT PARTICULARS OF TDS/TAX CLAIMS FOR CORRECTION OF THESE…
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 of invalid/incorrect TAN; quoting of only one TAN against more than one TAN tax credit; furnishing information in wrong TDS Schedules in the Return Form; furnishing wrong challan particulars in…
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 with Central Government Account (Receipts and Payments) Rules, 1983, Government dues are deemed to have been paid on the date on which the cheque or draft tendered to the bank,…
The due date of payment of the march instalment of advance tax extended from 15th march 2014 to 18th march 2014 The final instalment of advance tax for financial year 2013-14 is required to be paid on or before 15th March, 2014 by the tax payers who are liable to pay advance tax. These taxpayers…