Tag: Income Tax

Steps to file Income Tax Return without using any software

After incorporating the new facilities on income tax e-filing portal, one can file his/her income tax returns directly on the department website without using any software.  Steps to file Income… Read more »

TDS on Property -FAQ and Points to Remember

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As per Finance Bill of 2013, TDS is applicable on sale of immovable property wherein the sale consideration of the property exceeds or is equal to Rs 50,00,000 (Rupees Fifty… Read more »

Guidelines for reporting TDS transactions not exceeding / exceeding threshold limit in quarterly TDS statements

Guidelines for reporting TDS transactions not exceeding / exceeding threshold limit in quarterly TDS statements (as issued by Directorate of Income Tax – Systems).  Below guidelines may be referred, if… Read more »

Govt urges taxpayers to disclose true income and pay appropriate taxes

Government urges all tax payers to disclose their true income and pay appropriate taxes within the current financial year; A Compliance Management Cell has been set-up to ensure follow-up action… Read more »