Specified class or classes of persons to be exempted from filing Return of Income [Section 139(1C)]. (1) Under section 139(1), every person has to furnish a return of his income… Read more »
The non-quoting of PAN by deductees in many cases have led to delay in issue of refund on account of problems in the processing of returns of income and in… Read more »
From June 2013, purchaser of property with value of Rs 50 lakh and above should deduct 1% TDS at the time of making payment. Here is the guide about making… Read more »
Notification for Extension of date for receipt of ITR-Vs in CPC. for the cases of AY 2012-13 and AY 2011-12 e-filed in FY 2012-13. There are many taxpayers who have… Read more »
On the matter of tax exemption or liability after retirement / superannuation let us have a look at the basic provision related to tax-ability of leave salary. Leave salary, also… Read more »
Deductors are advised that the demand raised in the intimation u/s 200A can be closed only by making the payment and filing the corresponding correction statement.* * This information is… Read more »