TDS Compliance for 2nd Quarter of FY: 2015-16
TDS compliance for 2nd quarter of FY: 2015-16 has been given below: Last date for payment of tax deductions for September 2015 – 7th October, 2015 Last date for filing… Read more »
Income Tax department to use email for issuing notices
In welcome news for taxpayers, the IT department has decided to launch a new system of issuing email notices to which an assessee can respond electronically, obviating the need for… Read more »
Important Guidelines for payment towards liability on account of Tax Deducted / Collected at Source
Given below are some relevant guidelines related to payment of TDS/ TCS liability: A. Central Government Account (Receipts and Payments) Rules, 1983: Date of Receipt for Cheques or Drafts: The… Read more »
Black money: Upto Rs 15 lakh award for information against tax defaulters
NEW DELHI: The Income Tax department has brought out new guidelines to award secret informers providing actionable clue about “untraceable” assesses who owe huge taxes and money to government including… Read more »
Important Due Dates for the month of September 2015
7 September 2015 – Due date for deposit of Tax deducted/collected for the month of August, 2015 15 September 2015 – First instalment (in the case of a non-corporate assessee)… Read more »
Due date of Income Tax Return extended to 7th September 2015
Due date for E-Filing Returns of Income for all the taxpayers who were required to E-File their Returns by 31st August, 2015 is extended till 7th September, 2015. It has… Read more »