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 »
Category: Income Tax Circular
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 »
Extension of due date for filing of Income tax return from 30th Sept, 2014 to 30th Nov, 2014
Due Date for filing of return of Income for Assessment Year 2014-15 extended from 30th September, 2014 to 30th November, 2014 in Specified Cases F.No.153/53/2014-TPL (Pt.I) GOVERNMENT OF INDIA MINISTRY… Read more »