Following are some useful guidelines to avoid common mistakes, while submitting TDS return: Incorrect reporting of 197 Certificates: Please refer to the following guidelines for…
View More Guidelines to avoid common mistakes while submitting TDS StatementsTag: PAN
Payment 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’sGovernment to notify mandatory quoting of PAN for cash transactions over Rs 2 lakh
You will have to flash your permanent account number (PAN) for any transaction of over Rs 2 lakh regardless of mode of payment. The government…
View More Government to notify mandatory quoting of PAN for cash transactions over Rs 2 lakhSimplification of procedure for Form No.15G & 15H -regarding
F. No.: DGIT(S)/CPC(TDS)/DCIT/15GH /2015-16/14425-556 Government of India Ministry of Finance Central Board of Direct Taxes Directorate of Income-tax(Systems) New Delhi. Notification No. 4/2015 New Delhi,…
View More Simplification of procedure for Form No.15G & 15H -regardingGuidelines for an employer to deduct TDS and issue Form16
Following are the guidelines for an employer to deduct TDS and issue Form 16: Make mandatory for all the employees to declare previous salary, investment…
View More Guidelines for an employer to deduct TDS and issue Form16Income Tax department launches upgraded website for taxpayers
The Income Tax department has launched an upgraded version of its official web portal featuring better links for taxpayer services and grievance redressal. The new…
View More Income Tax department launches upgraded website for taxpayersSteps 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 16Frequently 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 16/16AI-T department launches PAN-based e-litigation management system
Aimed to reduce lengthy proceedings and time taken in litigation, the Income Tax department has activated a PAN-based online system which enables the taxman to…
View More I-T department launches PAN-based e-litigation management systemRevised PAN application fees w.e.f 15th November, 2015
W.e. f. November 15, 2015, PAN application fees have been revised as under: For dispatch of PAN card in India:- 107 (inclusive of service tax)…
View More Revised PAN application fees w.e.f 15th November, 2015