Tax implications of fixed deposits
If you are in the higher tax bracket, that is 20% or 30%, make sure that you pay the additional interest before filing your tax returns. The biggest disadvantage of… Read more »
For Government deductors, Last date of TDS return filing for Q1, FY: 2015-16 is 31st July, 2015
Last date of TDS return filing for Quarter 1 of FY: 2015-16 is 31st July, 2015 for Government deductors.
Important information for downloading of TDS Certificates
Given below are some important information regarding downloading of TDS certificates. Refer to the following provisions of the Income Tax Act, 1961: Downloading of TDS Certificates from TRACES made mandatory: … Read more »
I-T dept to bring one crore new people under tax net this fiscal
The income tax department has launched an ambitious drive to bring under its net 10 million new taxpayers, after the government recently asked the official to achieve the target within… Read more »
Reasons for rejection of correction statement by TDSCPC
Following are the common reasons for rejecting a correction statement: TAN is not valid as per data at TDSCPC Statement corresponding to regular token number / previous token number field,… Read more »
Processing of statements might take 7 to 10 working days from date of filing
The following information has been displayed on TRACES website: Considering peak statement filing time, processing of statements might take 7 to 10 working days from date of filing. 97% of… Read more »