Non deduction, late deduction and late deposit of TDS may lead you to face following consequences: Interest on late deduction /deposit of Tax at source.…
View More Penalty on Non deduction, late deduction and late deposit of TDSTag: Income Tax
FAQ on Registration on ITD e-filing website & How to upload ITR
What information do I need, to register myself in the ITD e-filing website? Answer: The basic information required is: PAN, Full Name, Date of Birth/Incorporation,…
View More FAQ on Registration on ITD e-filing website & How to upload ITRE-filing may be must for people with annual income above Rs 5 lakh
Taxpayers having an annual income of over Rs 5 lakh will be required to file their returns in electronic form, a senior Finance Ministry official…
View More E-filing may be must for people with annual income above Rs 5 lakhCIT, CPC (TDS) will be subordinate to DGIT (System)
 MINISTRY OF FINANCE (Department of Revenue),  (Central Board of Direct Taxes), NOTIFICATION No. 15/2013,  Income-Tax, New Delhi, the 26th February, 2013  S.O. 460(E).-In exercise…
View More CIT, CPC (TDS) will be subordinate to DGIT (System)Ten Tax Saving Options for Salaried Employees
1. Leave allowance:Â An employee can use such an allowance to cover his domestic travel and can be used for air, rail, and road transport. 2.Gratuity…
View More Ten Tax Saving Options for Salaried EmployeesBudget -1% TDS on transfer of Immovable property exceeding Rs.50 lakh
Tax Deduction at Source (TDS) on transfer of certain immovable properties (other than agricultural land) There is a statutory requirement under section 1 39A of…
View More Budget -1% TDS on transfer of Immovable property exceeding Rs.50 lakhBudget -Income Tax Surcharge Rate hiked for higher Income Assessees
The Finance Bill 2013-14 proposes a surcharge of 10 per cent on persons whose taxable income exceed Rs. 1 crore per year. This will apply…
View More Budget -Income Tax Surcharge Rate hiked for higher Income AssesseesTDS Rates for FY 2013-14 / AY 2014-15
Applicable TDS Rates are same as were in force for F.Y. 2013-13 except the changes specified below. I.Rates for deduction of income-tax at source during…
View More TDS Rates for FY 2013-14 / AY 2014-15Income Tax rates FY 13-14 after budget 2013 dated 28.02.2013
 There is no change in income tax rates, slabs at all. No change in exemption limit. Only tax rebate of Rs 2000 has been allowed…
View More Income Tax rates FY 13-14 after budget 2013 dated 28.02.2013Browser settings for Income Tax e-filing website
Browser Settings Income Tax Department recommends that you use the following browser specifications for the best view of https://incometaxindiaefiling.gov.in website. You may still be able to…
View More Browser settings for Income Tax e-filing website