Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes PRESS RELEASE New Delhi, 8th March, 2016 Subject: Issue of clarification on contentious TDS issues-regarding-. With a view to bring about clarity in the interpretation of certain contentious issues relating to tax deduction at source (TDS) on payments made by television…
CBDT has issued a press release regarding non-enforcement of recovery of demand against the assessee where tax has been deducted but not deposited by the deductor. The issued press release has been given below: Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes PRESS RELEASE New Delhi, 11th March, 2016…
Concerned over the rising cases of refund-related grievances of the tax-paying public, CBDT today issued fresh directions to the Income Tax Department asking it to process all such cases, pending this fiscal, within 15 days instead of the stipulated 30 days. “In view of the large volume of pending refunds which are subject to proceedings…
F.No. A-11011/02/2015-Ad.VII Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes *** New Delhi, the 26th February, 2016 ORDER No. 01/Ad.VII/2016 Subject: Dedicated structure for delivery and monitoring of Tax Payer Services in the Income Tax Department-reg. The Competent Authority has accorded approval for setting up a dedicated structure for…
Central Board of Direct Taxes (CBDT) has issued a circular regarding Tax Deduction at Source (TDS) on payments by television channels and publishing houses to advertisement companies for procuring or canvassing for advertisements. The issued circular has been given below: Circular No. 05/2016 F.No.275 /06/2016-IT(8) Government of India Ministry of Finance Department of Revenue Central…
Central Board of Direct Taxes (CBDT) has issued a circular regarding Tax Deduction at Source (TDS) on payments by broadcasters or television channels to production houses for production of content or programme for telecasting. The issued circular has been given below: Circular No. 04/2016 F.No.275/07/20 16-IT(B) Government of India Ministry of Finance Department of Revenue…
The order has asked Assessing Officers of each region to take “immediate steps” and reduce the grievance of taxpayers. CBDT has instructed the Income Tax department to expedite cases of TDS mismatch and reduce taxpayers grievances in this regard. The instructions have been issued after a review of the Tax Deducted at Source (TDS) subject…
The CBDT has notified the format and procedure for the taxman and taxpayers to usher in an ambitious pilot project of using emails as the new mode of communication between the two sides, as part of the government’s bid to reduce grievances of the tax-paying public. An official notification has been issued which spells out…
The government has ordered that income tax refunds of up to Rs 5,000 should be made immediately in its latest attempt to clear the backlog that the NDA had inherited. The Central Board of Direct Taxes ordered that small value refunds should be made without adjusting for outstanding arrears. Last month, it had asked the…
CBDT has issued a press release regarding the new facility that has been provided for pre-filling of TDS schedule while submitting online rectification request on the e-filing portal to facilitate easy correction or up-dating of TDS details. The issued press release has been given below: Government of India Ministry of Finance Department of Revenue Central…