Tag: TCS

Verify TDS Deducted, Advance Tax Online Before Income Tax Return Filing

With just two weeks left to file the income tax returns, many taxpayers are busy making their final calculations, visiting their tax consultant and filling up the returns form. Before… Read more »

Revised CBDT Instruction on Grant of TDS Credit For AY 2011-12

Section 143 of the Income-tax Act, 1961  Assessment  General  Processing of returns of A.Y. 2011-12  Steps to clear backlog withdrawal of Instruction No. 1/2012, dated 2-2-2012 Instruction No. 4/2012 [F…. Read more »

Changes in Tax Collection at Source (TCS) in Budget 2012

Introduction: As per the provisions of Section 206C, tax is required to be collected at source by the seller at the specified rate on certain goods like alcoholic liquor, tendu… Read more »

26AS Statement : How to Get Tax Credit for Non Reflected Amounts

Non reflection of TDS on bank FD or term deposit in 26AS statement is very common problem these days. The reason for this problem is very simple the bank is… Read more »