Category Archives: CBDT

Deferred Tax Liability on Special Reserve created u/s. 36(1)(vii) of the Income Tax Act, 1961

The Income Tax Department has issued a circular regarding Deferred Tax Liability on special reserves created section 36(1)(vii) of the Income Tax Act which is as under: DEFERRED TAX LIABILITY… Read more »

Due date for payment of Advance tax extended to 17th December 2013

The tax payers are required to pay their december installment of Advance tax on or before 15th December, 2013. The taxpayers can make payments in the designated branches of the… Read more »

Clarification by TRACES on Challan Date

      2 Comments on Clarification by TRACES on Challan Date

TRACES department has issued the following letter to all the deductors: Dear Deductor, Greetings from Centralized Processing Cell of TDS! Your attention is drawn towards some relevant guidelines related to… Read more »