CBDT has launched the ambitious ‘e-nivaran’ facility for online redressal of taxpayers’ grievances related to refunds, ITRs and PAN among others as part of its…
View More CBDT launches ‘e-nivaran’ facility to resolve income tax grievancesTag: PAN
Key Features -File Validation Utility (FVU) version 5.2
Addition of new fields for Form 24Q-Q4 under Annexure ll (i.e. salary details) as below: Aggregate rent payment exceeds rupees one lakh during the previous…
View More Key Features -File Validation Utility (FVU) version 5.2Avail the Benefit of CPC (TDS) Analytics for Correction of PANs in your TDS Statements
Date of Communication: 13/08/2016 Dear Deductor, TAN (XXXXXXXXXX) Centralized Processing Cell (TDS) has observed from its records that you have reported “Structurally Correct, however Invalid…
View More Avail the Benefit of CPC (TDS) Analytics for Correction of PANs in your TDS StatementsClosure of defaults in Quarterly TDS Statements from FY 2007-08 to FY 2016-17 Q1
CPC (TDS) has issued a reminder communication to the banks regarding closure of defaults in quarterly TDS Statements from Financial Year 2007-08 to Financial Year…
View More Closure of defaults in Quarterly TDS Statements from FY 2007-08 to FY 2016-17 Q1CBDT relaxes rules for TDS claims by non-resident companies
Non-resident investors who do not provide permanent account number will no longer have to face higher tax deduction at source. The income tax department has…
View More CBDT relaxes rules for TDS claims by non-resident companiesFrequently Asked Questions (FAQ) on Form 16/16A
What is Form 16 / 16A? It is the certificate of deduction of tax at source by any person in accordance with Chapter XVII-B of…
View More Frequently Asked Questions (FAQ) on Form 16/16ASteps for requesting Form 16
The procedure for requesting Form 16 from TRACES website has been given below: From FY:18-19 onwards, the Income Tax department is now providing both Part…
View More Steps for requesting Form 16Payment of taxes -Do’s & Dont’s
Taxpayers, deductors or collectors can pay direct taxes through Authorised Bank branches either physically, through ATM or through internet. Type of Challans to be used for…
View More Payment of taxes -Do’s & Dont’sBasic principles of TDS Compliance
The following are the basic principles of TDS compliance: Deduction/ Collection of Tax at Correct Rates Timely Deposit of Tax Deducted at Source Accurate Reporting…
View More Basic principles of TDS ComplianceLate Filing of TDS Returns – Fees and Penalty
Fees and Penalty for Late Filing of TDS Returns are as follows: Section 234E-Levy of Fees Failure to submit TDS return on time will result in…
View More Late Filing of TDS Returns – Fees and Penalty