Due Date for downloading TDS certificates from Traces It is mandatory for all deductors to issue TDS certificates after generating and downloading the same from “TDS Reconciliation Analysis and Correction Enabling System” or (https://www.tdscpc.gov.in) (hereinafter called TRACES Portal).
Category Archives: Income Tax
Income Tax is the tax which directly levy on income of any personal.Central Board of Direct tax manage all the things related Direct Tax.
START UP has no tax on issuing shares above market value CBDT has notified the Tax Exemption to the Start ups on issuing shares above market value as per the Notification Enclosed. Issuing shares above market value is taxable as per Section 56(2)(viib) of the Income tax act. But the central government can exempt certain […]
Mistakes in filling of Income Tax Return – How Avoid In case the computation of Income or refund is different than what had been entered or what is expected, please verify the accuracy of the data entered by you in the ITR. Except for limited number of complicated tax returns, for most taxpayers, the simple […]
Notwithstanding Meaning The expression “notwithstanding” is potent and it could mean only “despite”, “in spite of” and “nevertheless” (see Khaizar Basha v. Indian Airlines Corpn. AIR 1984 Mad. 379).
Relief from Indirect taxes to Food Processing Industries India holds tremendous potential to grow in food sector. Study has shown that India is highest producer of milk, second largest producer of fruits & vegetables, third largest producer of food grains & fish & has the largest livestock population.