CBDT Clarifies Regarding Prosecution of Tax Evaders
Effective and Stringent Action only in known and big cases of Tax Evasion to Demonstrate to the Large Number of Compliant Tax Payers that the Tax Laws are just and… Read more »
Tag: Tax
Statutory provisions attracted on failure to deposit tax in government account after deduction
Where the employee has deducted the tax at source but failed to deposit wholly or partly, the tax so deducted in government account, the following statutory provisions are attracted:- Interest… Read more »
Statutory provisions attracted on failure to deduct tax
Where the employer has failed to deduct tax or when short deduction of tax has been done, following statutory provisions are attracted:- Charging of interest u/s 201(1A) – The deductor… Read more »
FAQ – TDS on rent under section 194-I
1. What are the provisions relating to TDS on rent? From which date same are applicable? As per the Finance Act, 1994 the provisions of TDS on rent have been… Read more »
CPC (TDS) follow up communication to deductors: Nil TDS Deposited during Financial Year 2014
CPC (TDS) has issued a follow up communication to all deductors regarding nil TDS deposited during FY 2014. It may be possible that either the tax may not have been… Read more »
CPC (TDS) follow up communication: Substantial Reduction in TDS Deposited during Financial Year 2014
CPC (TDS) has issued a follow up communication to all deductors regarding substantial reduction in the amount of Tax Deposited during the period April 1 to August 31, 2014 as compared with… Read more »