FVU 5.5 & FVU 2.151 released by NSDL
The Income Tax Department has released today (16th June, 2017), the following new File Validation Utilities: FVU version 5.5 – For statement pertaining to FY 2010-11 onwards FVU version 2.151… Read more »
Category: Income Tax Circular
Revision of due date to issue Form 16
Form 16A for non salary deduction is to be issued within 15 days of filing the quarterly returns. However as per the Income Tax department in case of Form 16… Read more »
Relaxation for Furnishing of UID in case of Form 15G/15H for certain quarters
Circular No.18/2016 F.No 142/32/2015-TPL Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes (TPL Division) Dated: 23rd May, 2016 Sub: Relaxation for Furnishing of UID… Read more »
Payment of interest on refund under section 244A of excess TDS deposited under section 195 of the Income tax Act, 1961
The Income Tax (I-T) department will now add interest amount to a delayed refund made on excess tax deducted at source (TDS) cuts and will also not litigate with the… Read more »
CBDT issues Circular for Early & Satisfactory Resolution of Taxpayers’ Grievances
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 »
CBDT circular on calculation of TDS on salary for FY 2014-15
CBDT has released Circular no. 17/2014 which contains the rates of deduction of income-tax from the payment of income chargeable under the head “Salaries” during the financial year 2014-15 and explains… Read more »