Where the employee has deducted the tax at source but failed to deposit wholly or partly, the tax so deducted in government account, the following…
View More Statutory provisions attracted on failure to deposit tax in government account after deductionTag: Tax
Statutory provisions attracted on failure to deposit tax in government account after deduction
Where the employee has deducted the tax at source but failed to deposit wholly or partly, the tax so deducted in government account, the following…
View More Statutory provisions attracted on failure to deposit tax in government account after deductionDue Dates for the month of May 2016
7 May 2016 – Due date for deposit of Tax deducted/collected for the month of April, 2016. However, all sum deducted/collected by an office of…
View More Due Dates for the month of May 2016Release of new functionality to taxpayers to secure their E-filing account
The Income Tax Department has from time to time issued advisories regarding the need to avoid phishing emails and to carefully protect the passwords, OTPs…
View More Release of new functionality to taxpayers to secure their E-filing accountCBDT requests taxpayers to avail facility for online rectification
CBDT has issued a press release in which it has requested taxpayers to avail facility for online rectification. The issued press release has been given…
View More CBDT requests taxpayers to avail facility for online rectificationCBDT halves Income Tax refunds issue timeline to 15 days for this fiscal
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…
View More CBDT halves Income Tax refunds issue timeline to 15 days for this fiscalTDS Rates to come down to better cash flow of Small Taxpayers
Government has reduced the rates of Tax Deducted at Source (TDS) on several deductions with a view to improve cash flow, especially of small tax…
View More TDS Rates to come down to better cash flow of Small TaxpayersDedicated structure for delivery and monitoring of Tax Payer Services in the Income Tax Department
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.…
View More Dedicated structure for delivery and monitoring of Tax Payer Services in the Income Tax DepartmentBudget 2016: Eight takeaways for individual taxpayers
Although FM Jaitley did not make any changes to the tax slabs in this year’s budget, he had a suitcase full of small changes that…
View More Budget 2016: Eight takeaways for individual taxpayersInterest, Penalty & Prosecution for Failure to Deposit Tax Deducted
If a person fails to deduct the whole or any part of the tax at source, or, after deducting, fails to pay the whole or…
View More Interest, Penalty & Prosecution for Failure to Deposit Tax Deducted