Due date of Income Tax Return extended to 7th September 2015
Due date for E-Filing Returns of Income for all the taxpayers who were required to E-File their Returns by 31st August, 2015 is extended till 7th September, 2015. It has… Read more »
Tag: Income Tax
Tax is not to be deducted at a higher rate of 20 percent under Section206AA of the Income-tax Act when the benefit of tax treaty is available
Recently, the Bangalore Bench of the Income-tax Appellate Tribunal (the Tribunal) held that there is no scope for the tax deduction at source (TDS) at a higher rate of 20… Read more »
Things to note to avoid notice from Department
With the Income Tax Department becoming net savvy and going online, it has become very easy for them to identify discrepancies in your papers and to keep a close eye… Read more »
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 »
FVU 4.7 and FVU 2.143 released by NSDL
The Income Tax Department has released the following new File Validation Utilities: FVU version 4.7-For statement pertaining to FY 2010-11 onwards. FVU version 2.143-For statements pertaining to FY 2007-08 to… Read more »
List of TDS Defaulters compiled by Income Tax Department
Income Tax Department has compiled the list of all TDS Defaulters. List of TDS Defaulters includes: TDS return filed but deducted amount not deposited TDS amount deposited but return not… Read more »