Due Dates for the month of April 2016
7 April 2016 – Due date for deposit of Tax collected for the month of March, 2016. However, all sum collected by an office of the government shall be paid… Read more »
Category: Traces
Income Tax department gets new tech tool to identify, kill duplicate PAN
After years of labour, the Income Tax department has finally got a new technology tool to check the menace of duplicate PAN cards which also allows the taxman to ‘kill’… Read more »
No demand notice if TDS not deposited by deductor
Income Tax officials sometimes penalize you even if you correctly comply the provisions. You being a taxpayer whose tax has been deducted at source but not deposited to the Governments… Read more »
Changes in TDS Rate in Budget 2016
In Budget 2016, FM announced an overhaul of Indias tax deducted at sources (TDS) system. Government hasreduced the rates of Tax Deducted at Source (TDS) on several deductions with a view… Read more »
Issue of clarification on contentious TDS issues
Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes PRESS RELEASE New Delhi, 8th March, 2016 Subject: Issue of clarification on contentious TDS issues-regarding-. With… Read more »
Non-enforcement of recovery of demand against the assessee where tax has been deducted but not deposited by the deductor
CBDT has issued a press release regarding non-enforcement of recovery of demand against the assessee where tax has been deducted but not deposited by the deductor. The issued press release… Read more »