Month: March 2014

Employees responsibility regarding TDS on Salary

However The Income-Tax Act lay all responsibility on the employer for tax deduction at source at the time of payment of salary to employees whose salary income is above the maximum amount not chargeable to

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Double Taxation Relief

If anybody earns income which suffers tax outside india, the Income Tax Act has the provision of relief from such double taxation. The relevant provision are contained in section 90 and section 91 of the

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Due date for submission ITR-V for A.Y. 2012-13 and 2013-14 extended to 31.03.2014

Notification for Extension of date for receipt of ITR-Vs in CPC, Bengaluru, for the cases of AY 2012-13 and 2013-14 received/e-filed in FY 2012-13- Reg.There are many taxpayers who have uploaded their Income Tax Returns

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Are You Taking TDS Lightly ?

In this post I want to discuss some provisions which make it clear that we should not take TDS lightly and we should take extra care about payment of TDS and filing of TDS Returns,because it

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Duty of Person deducting TDS If Found Short Payment or Mismatch of Challan

Since a many days CPC (TDS) sending notices to deductors.One of the reason for the same is Short Payment of TDS and other one is wrong Permanenet Account Number. In view of the close of

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Income tax saving investment options

As this financial year is going every person want to minimize his or her tax liability ,but in hurry time most of the person forget all the option available to save the tax ,some the

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