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 website features a special link for ‘taxpayer services’ on the main page and it subsequently navigates the user to all important works that a person needs to get done from […]
Month: November 2015
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 A and Part B of Form 16 (TDS certificate for employee) The steps for requesting Form 16 are: Login to TRACES after giving User ID, Password, TAN of the Deductor […]
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 IT Act. Form 16 is issued on deduction of tax by the employer on behalf of the employee under section 192 of IT Act, 1961. Form 16A is issued if the deduction […]
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 access cases in their jurisdiction on a click, amongst a building database of over 5 lakh appeals and 1.50 lakh judgements. The new facility is part of the National Judicial […]
Taxpayers facing “high-pitched” assessments or unfair scrutiny by the Income Tax Department can now attempt to get their grievances redressed in a short time before undertaking the arduous litigation route of courts or other appellate mechanisms. In a maiden initiative, the Finance Ministry, through the Central Board of Direct Taxes (CBDT), has asked the department […]
The Madras High Court today ordered status quo on an Income Tax circular stating that salaries of nuns and priests working as teachers are not exempted from Tax Deduction at Source (TDS). Justice R. Mahadevan ordered the status quo for two weeks on the circular issued by the Principal Chief Commissioner of Income Tax, passing […]