Failure to pay TDS collected can attract 7 year jail term: CBDT
Employers failing to pay the Government the tax deducted at source (TDS) on salaries of their employees can be jailed for up to seven years, the CBDT has said. Failure… Read more »
Tag: CBDT
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 »
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 »
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 »
Seek easy exemption from TDS on interest: File Form 15G/H electronically
The CBDT has simplified the procedure for filing of self declaration by individuals in 15G and 15H forms, allowing them to do it electronically. Seek easy exemption from TDS on interest:… 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 »