Interest on Late Payment of TDS
In case the assessee deposits the TDS Payment after the due date of payment of the tax deducted at source, he shall be liable to pay interest @1.5% for every… Read more »
Extension of date for filing of Income tax returns and tax audit reports to 31st October 2015
Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes PRESS RELEASE New Delhi, 1st October, 2015 Subject: Extension of date for filing of Income tax… Read more »
Black money: Government collects Rs 3,770 cr from over 600 stash holders
Government said it received an amount of Rs 3,770 crore from 638 declarations under the one-time black money compliance window that closed on 30th September 2015. “638 number of declarations… Read more »
Guidelines to avoid different types of TDS defaults
Following are some important facts to be adhered to, while submitting TDS statements, to avoid each type of Default: Late Payment Defaults: The taxes deducted must be deposited within the… Read more »
CBDT simplifies procedure for filling 15G, 15H forms
The CBDT has simplified the procedure for filing of self declaration by individuals in 15G and 15H forms, allowing them to do it electronically. Forms 15G and 15H are filed… Read more »
PAN allotment by Income Tax Department will remain suspended between 05.10.2015 to 09.10.2015
The income tax department is in the process of upgrading software applications. It is for information of PAN applicants that PAN allotment by Income Tax Department will remain suspended between… Read more »