If the deductor is charged penalty amount u/s 234E then this penalty has to be paid to the Income Tax Department using Challan No. 281, and this penalty cannot be… Read more »
Consolidated file request functionality will not be available for deductors from 25th June,2013 to 7th July,2013 on TRACES.The functionality will be resumed from 8th July,2013 onwards as new TDS forms… Read more »
Given below is the chart which shows section under which penalty can be imposed, nature of default and quantum of penalty. PENALTIES UNDER INCOME TAX ACT Section Nature of Default… Read more »
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 »
TIN with effect from May 4, 2013, revised rates for acceptance of e-TDS/TCS, Form 24G Statements and AIR at TIN Facilitation Centres (TIN-FCs). They are as under: Basis of charges… Read more »
Many tax deductors file returns only in Quarter 4 and normally buy the software in April or May for preparing these returns. With TDSMAN (F.Y.: 2013-14), one can file returns… Read more »