Govt urges Tax Payers to disclose true income & pay tax
Government Once again urges all Tax Payers to Disclose their true income and pay Appropriate Taxes within the Current Financial Year. Nodal Cell set up to Capture the Response… Read more »
Category: Income Tax
Circular No.158/9/2012 dated 08-05-2012 quashed by High Court
The Board vides its Circular No. 158/9/2012 dated 08-05-2012 read with Circular No. 154/5/2012 dated 28-03-2012 clarified that in case the individuals or proprietary firms or partnership firms providing taxable… Read more »
Register / Track PAN Card Related Complain / Status
Income Tax Department has started a website namely Sparsh India to help Assessee to Register their complain related to PAN Card applied through NSDL or UTIISL and they can also… Read more »
No penalty & interest for non deduction of TDS if deductee-payee having no tax liability
There cannot be any dispute that an assessee who is having losses cannot be compelled to pay the income-tax, as the Income-tax Act does not provide for such a situation,… Read more »
Banks suggest reintroduction of deduction u/s. 80CCF & increase in 194A TDS limit
Existence of Efficient Financial Markets is Paramount for Achieving Economic Growth: FM The Union Finance Minister Shri P .Chidambaram said that existence of efficient financial markets i.e. both banks and… Read more »
How to register your TAN at TRACES: FAQ
TRACES stands for TDS Reconciliation Analysis and Correction Enabling System and has been set up by TDS Centralised Processing Cell of the income-tax department. TRACES will integrate the following components:… Read more »