New Wealth Tax Return Form notified by CBDT
CBDT has issued a notification 32/2014 dated 23-06-2014 regarding wealth tax return. CBDT has prescribed that this form can be filed online with or without digital signature. For certain class… Read more »
Assessee making payment to Foreign Agencies for access to record of online consumers, liable to deduct TDS
ITAT Bangalore Bench recently in an appeal held that any fees paid by the assessee to foreign agencies for availing the service of access to record of online consumers maintained… Read more »
No TDS to be deducted if commission paid to foreign agents for rendering services abroad
ITAT Chennai Bench recently held that assessee is not liable to deduct tax at source for making payment to its foreign agents for rendering services abroad, if the foreign agent… Read more »
Important Announcement for Tax payers for updating Contact Details in E-Filing Portal
Income-Tax Department uses the registered contact details (Mobile number & E-mail ID) for all communications related to e-Filing. It is mandatory that all tax payers must have a valid contact… Read more »
Solutions to the top queries about Late Payment and Late Deduction
What should I do in case of Late Payment / Late Deduction intimation received? The default amount will have to be deposited through challan no 281 by ticking minor head… Read more »
Reasons to reject the correction in challan detail by TDS-CPC
Rejection reasons pertaining to challan details are as follows: Challan detail record on which correction has been filed does not exist in regular / previous statement In a correction statement,… Read more »