Reason for Mismatch of TDS & Correction Statement
MISMATCH OF TDS 1. A major problem noted across the country is that of mis-match of TDS payments claimed by the deductees in their returns of income vis- a -vis… Read more »
Tag: TDS
Procedure for refund of excess TDS deducted/ paid
Analysis of CIRCULAR NO. 2/2011 [F.NO. 385/25/2010-IT(B)], DATED 27-4-2011 If a deductor has deposited excess amount of TDS , the procedure for getting refund was given in Board Circular 285… Read more »
Govt urges Tax Payers to disclose true income & pay tax
Government Once again urges all Tax Payers to Disclose their true income and pay Appropriate Taxes within the Current Financial Year. Nodal Cell set up to Capture the Response… Read more »
No Penalty for mere reduction in deduction claimed
Issue – Whether the penalty was imposed U/s 271(1)(c ) because of the reason that the deduction claimed under section 80-IB by the respondent-assessee was ultimately allowed at a lower… Read more »
Amount paid to seconded personnel not liable for deduction of tax at source
The trained man-power deployed abroad is drawn for the employees of its member companies. However, such deployed man-power continue to be the employees of its member companies but are seconded… Read more »
Download new Form 16A new TRACES pdf generation utility with digital singnature
www.tdscpc.gov.in has now provided a new form 16A PDF generation utility lighter version with small size and with digital signature feature. The steps to install newer version of form 16A… Read more »