CBDT has issued a circular for early & satisfactory resolution of taxpayers’ grievances relating to verification & correction of tax demand outstanding against them. The Income Tax Department has taken… Read more »
Rejection reasons pertaining to salary details are as follows: In case of salary detail PAN update or delete of salary detail record, last total gross income should match with corresponding… Read more »
Rejection reasons pertaining to deductee details are as follows: In a correction statement that updates / deletes deductee rows, verification keys from deductee data that should match with corresponding fields… Read more »
TDS from interest (other than interest on securities)-Section 194A There are several amendments pertaining to TDS from interest. 3.1 Interest on fixed deposits with banks attracts TDS under Section 194A…. Read more »
Imprisonment and fines await those who wrongly file the two forms to avoid tax on interest income. Getting a tax refund can be cumbersome as delays by the Income Tax… Read more »
Fees and Penalty for Late Filing of TDS Returns are as follows: Section 234E-Levy of Fees Failure to submit e-TDS Statement on time will result in fees on the deductor…. Read more »