Important information for all TIN users
TIN users who have registered on TRACES but not activated their account within 24 hours will have to register as new user. Click on Register as New User and select… Read more »
Category: Income Tax
Delayed or Non payment of TDS – Department to initiate action against TDS defaulters
The Income Tax department has decided to crack the whip on big companies and organisations that do not remit TDS money even after deducting it from their workers salaries. The… Read more »
Penalty on Non deduction, late deduction and late deposit of TDS
Non deduction, late deduction and late deposit of TDS may lead you to face following consequences: Interest on late deduction /deposit of Tax at source. Dis-allowance of Expenses, on which… Read more »
FAQ on Registration on ITD e-filing website & How to upload ITR
What information do I need, to register myself in the ITD e-filing website? Answer: The basic information required is: PAN, Full Name, Date of Birth/Incorporation, Communication Address, valid e-mail id,… Read more »
E-filing may be must for people with annual income above Rs 5 lakh
Taxpayers having an annual income of over Rs 5 lakh will be required to file their returns in electronic form, a senior Finance Ministry official said on Tuesday. Besides, the… Read more »
CIT, CPC (TDS) will be subordinate to DGIT (System)
MINISTRY OF FINANCE (Department of Revenue), (Central Board of Direct Taxes), NOTIFICATION No. 15/2013, Income-Tax, New Delhi, the 26th February, 2013 S.O. 460(E).-In exercise of the powers conferred by… Read more »