TAN STRUCTURE (Tax deduction Account Number)
Every deductor is required to obtain a unique identification number called TAN (Tax Deduction Account Number) which is a ten digit alpha numeric number. This number has to be quoted… Read more »
Category: Income Tax
Know your PAN Structure Meaning of PAN digits (Income Tax India)
Structure of the new series of PAN : The Permanent Account Number under new series is based on following constant permanent parameters of a taxpayer and uses Phonetic Soundex code algorithm… Read more »
Revised CBDT Instruction on Grant of TDS Credit For AY 2011-12
Section 143 of the Income-tax Act, 1961 Assessment General Processing of returns of A.Y. 2011-12 Steps to clear backlog withdrawal of Instruction No. 1/2012, dated 2-2-2012 Instruction No. 4/2012 [F…. Read more »
DEDUCTORS MUST ENSURE CORRECT CREDIT OF TDS IN CORRECT PERSON
Deductors Must Comply with their Obligations to Ensure Correct Credit to Persons from Whose Income Tax is Deducted at Source. All deductors other than Government deductors must file their quarterly… Read more »
NEW FVU 3.5 FILES RELEASED BY TIN-NSDL
New File Validation Utilities – FVU 3.5 have been released pertaining to validation of eTDS & eTCS returns. FVU 3.5 will be applicable for quarterly TDS / TCS statements pertaining to… Read more »
TDS Credit without matching up to 5000/- A.Y. 2011-12
Few Months back Income tax department has issued instruction 01/2012 in which TDS matching with form 26AS was relaxed for assessment year 2011-12.In these instructions TDS claim can be accepted… Read more »