Good news for taxpayers: I-T grievances like high-pitched assessments to be addressed in 2 months

Taxpayers facing “high-pitched” assessments or unfair scrutiny by the Income Tax Department can now attempt to get their grievances redressed in a short time before undertaking the arduous litigation route… Read more »

Salaries of nuns and priests working as teachers are not exempted from TDS

The Madras High Court today ordered status quo on an Income Tax circular stating that salaries of nuns and priests working as teachers are not exempted from Tax Deduction at… Read more »

Important CPC (TDS) Communication on Payment of Taxes as a “Demand Payment”, Deducted on Purchase of Immovable Property

CPC (TDS) has issued an advisory communication to the purchasers of the property regarding payment of taxes, deducted on purchase of immovable property. The issued communication has been given below: Dear… Read more »

Verification of TAN TDS Statements filed for Financial Years 2011, 2012 and 2013 (2 Deductee Rows)

CPC (TDS) has issued an advisory communication to all deductors regarding discrepancies which have been observed with respect to their TAN. The issued communication has been given below: Dear Deductor (TAN-… Read more »

Validation of tax returns through an Electronic Verification Code

Background Taxpayers who are not mandated to use a Digital Signature Certificate (DSC) for uploading their India Tax Returns   (ITR) are eligible to e-verify the same instead of sending the… Read more »