Category: Income Tax

CPC (TDS) communication to Govt. Deductors for “Mismatch in BIN” reported in TDS Statements

Dear Deductor,  Centralized Processing Cell (TDS) has observed substantial cases of mismatch in Book Identification Number (BIN) in Quarterly TDS Statements.  As you may be aware that at the time… Read more »

Penalty order passed U/S 271C for non-deduction of TDS, beyond period of 6 months from date of reference for imposition of penalty would be barred by limitation

Recently, ITAT Jaipur Bench in M.D.S. Universityvs. Assistant Commissioner of Income-tax held that, after the expiry of the financial year in which the proceedings, in the course of which action… Read more »

CBDT Issues Instructions to Its Field Offices Regarding Endeavour Towards a Non-Adversarial Tax Regime

Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes 7th November, 2014  CBDT Issues Instructions to Its Field Offices Regarding Endeavour Towards a Non-Adversarial Tax… Read more »

Request for download of Conso File will not be accepted in case there are unmatched challans in the selected statement

An important message has been displayed for the deductors on the TRACES website regarding downloading of conso file.  The displayed message has been given below:  Attention Deductors: Your request for… Read more »