The Income Tax Department has released the following new File Validation Utilities on 20th December 2014: FVU version 4.5-For Statements pertaining to FY 2010-11 onwards. FVU version 2.141-For Statements upto… Read more »
CBDT has released Circular no. 17/2014 which contains the rates of deduction of income-tax from the payment of income chargeable under the head “Salaries” during the financial year 2014-15 and explains… Read more »
Dear Deductor, (TAN: ___________), Please refer the subject above. As per the records of the Centralized Processing Cell (TDS), there is an outstanding demand in different years from 2007-08 onwards… Read more »
CPC (TDS) has issued a communication to all deductors who have filed TDS Statements for Q1, FY 2014-15 but not filed yet for Q2 as of November 1, 2014. The issued… Read more »
Ensure that your TDS reaches the income-tax department. If not, an assessee might be charged interest for not paying TDS on time. Recently, a senior citizen received a notice from… Read more »
1. What is Form 16B? Form 16B is the TDS certificate to be issued by the deductor (purchaser/buyer of immovable property) to the deductee (Seller of immovable property) in respect… Read more »