CPC (TDS) has released a follow up communication to all deductors regarding Defaults in Quarterly TDS return exceeding Rs. 1 Crore from FY 2007-08 to Q2, FY 2015-16. The released communication… Read more »
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 »
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 statutory provisions are attracted:- Interest… Read more »
Last date for issuance of TDS certificates for Quarter 3 of FY: 2015-16 – 30th January, 2016 The above is applicable for all other than government deductors Delay in certificates… Read more »
Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes PRESS RELEASE New Delhi, 15th January, 2016 Subject: Initiatives for reducing litigation- regarding. Reducing litigation with… Read more »
The government has ordered that income tax refunds of up to Rs 5,000 should be made immediately in its latest attempt to clear the backlog that the NDA had inherited…. Read more »