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 »
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 »
Given below are some relevant guidelines related to payment of TDS/ TCS liability: A. Central Government Account (Receipts and Payments) Rules, 1983: Date of Receipt for Cheques or Drafts: The… Read more »
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 »
Deduct tax at source while purchasing property else, you’ll need to pay from own pocket with interest and penalty. On receiving a notice from the Income Tax Department, a client… Read more »
CBDT has issued a circular for early & satisfactory resolution of taxpayers’ grievances relating to verification & correction of tax demand outstanding against them. The Income Tax Department has taken… Read more »