Month: January 2014

Before filing of TDS Statement pay late filing fee also

Your attention is hereby drawn towards the provisions of section 234E of the Act, which reads as follows:
Levy for Late filing of TDS Statement (Section 234E of Income Tax Act)
1) Without prejudice to

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ITR Forms with new features-Java based

New ITR utilities has been developed by income tax department by using the latest JAVA technology and effort has been made to make it user friendly, simpler and faster preparation/submission of tax returns. It is

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Change of PAN Card Application Process

 Now, the applicant will have to visit PAN Processing Center with application, self attested copies of proof of identity, proof of address and proof of DOB and will also need to produce original documents for

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Tax Implication on Sale of Residential Property

The first concern which will make house in the mind of the seller is what amount of tax will he have to pay on such sale, how he can avoid tax on such sale. Under

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A Bird view on Fiscal Deficit of India

Fiscal deficit means the government’s total expenditure (excluding the money it’s borrowed) exceeds its revenue. Expenditure on money’s borrowed by government does not considered in fiscal deficit rather it forms part of budget deficit. Budget

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A Discussion on Constitution and Taxation of India

Constitution and Taxation of India
By replacing the Government of India Act (1935) The Constitution of India came into force on 26 January 1950. Constitution is the soul of every country. Indian Constitution is the

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