Tax deducted at source and actual tax liability may differ
Though there is a provision to deduct tax at the source of income, one must assess this tax position. Despite TDS, one may have to pay tax, if his tax… Read more »
Strong action against big tax evaders acts as deterrent: CBDT
The CBDT dismissed reports that it has asked its officers to go beyond raids and searches to target tax evaders and maintained that stringent action in big cases of evasion… Read more »
CBDT Clarifies Regarding Prosecution of Tax Evaders
Effective and Stringent Action only in known and big cases of Tax Evasion to Demonstrate to the Large Number of Compliant Tax Payers that the Tax Laws are just and… Read more »
CBDT to field officials: Check bank, property details during assessment
The tax officials have also been asked to give due attention to writing off the arrears by identifying tax demand that cant be collected. Facing outstanding tax demand of Rs… Read more »
TDS/TCS Rates Chart for F.Y. 2015-16
The TDS and TCS rates chart for the financial year 2015-16 has been given below: TDS rates for F.Y. 2015-16 Nature of Payment Made To Residents Cutoff (Rs.) Company / Firm… Read more »
PAN and TAN application fees revised by NSDL
W. e. f. June 1, 2015, PAN & TAN application fees have been revised as under: 1. For dispatch of PAN card in India: Rs. 106 (inclusive of service tax)…. Read more »