Issuance of Form No. 16 (TDS Certificate for Salary)
Form No. 16 has to be issued annually by an employer (deductor) to its employees (deductee) in case of deduction made under section 192 (Salaries). It is to be noted… Read more »
Category: Income Tax
Guidelines for reporting TDS transactions not exceeding / exceeding threshold limit in quarterly TDS statements
Guidelines for reporting TDS transactions not exceeding / exceeding threshold limit in quarterly TDS statements (as issued by Directorate of Income Tax – Systems). Below guidelines may be referred, if… Read more »
Booklet on Permanent Account Number (PAN)
This booklet has been brought out for the first time under the Tax Payers Information Series. It is an attempt to help the taxpayers who want to apply for PAN… Read more »
Govt urges taxpayers to disclose true income and pay appropriate taxes
Government urges all tax payers to disclose their true income and pay appropriate taxes within the current financial year; A Compliance Management Cell has been set-up to ensure follow-up action… Read more »
Reasons for mistakes in credit for tax payments or TDS
A major reason for difference in refund amount during processing is that the details of tax payment or TDS do not match with the data available with the Department. The… Read more »
Form & mode of filling of Income Tax Return for AY 2013-14
Relevant Sections of Income Tax Act, 1961: 139(1), 139(3), 139(4A), 139(4B), 139(4C), 139(4D), 142(1), 148(1), 153A All Applicable Return Forms for A Y 2013-14: ITR-1 (SAHAJ), ITR-2, ITR-3, ITR -4S… Read more »