Monthly Archives: February 2016

Expedite TDS mismatch cases to reduce taxpayers grievances: CBDT to I-T dept

The order has asked Assessing Officers of each region to take “immediate steps” and reduce the grievance of taxpayers. CBDT has instructed the Income Tax department to expedite cases of… Read more »

Defaults in Quarterly TDS Statements exceeding Rs. 25 Lac from FY 2007-08 to Q3, FY 2015-16

CPC (TDS) has released a follow up communication to all deductors regarding defaults in quarterly TDS return exceeding Rs. 25 Lac from FY 2007-08 to Q3, FY 2015-16. The released communication… Read more »

Important Guidelines for payment towards liability on account of Tax Deducted / Collected at Source

Given below are some relevant guidelines related to payment of TDS/ TCS liability: A. Central Government Account (Receipts and Payments) Rules, 1983: Date of Receipt for Cheques or Drafts: The… Read more »