Tag Archives: Tds Deduction

Know your tax saving limit – The complete guide

Know your tax saving limit – The complete guide WHAT ON EARTH IS TAXES? With layman’s direct tax is usually a compulsory contribution that all one who brings in an income as well as comes in the taxpaying area has got to pay on the authorities since authorities has got to launch a lot of […]

Interest, Transport and Power Subsidies are eligible Deductions u/s 80IB

Interest, Transport and Power Subsidies are eligible Deductions u/s 80IB Related Case Law : DCIT Vs M/s. Maithan Smelters Ltd.,(Kolkata ITAT), ITA No. 1327/Kol/2011 A.Y. 2005-06, Date of decision –26-08-2015 Briefs of Case In the case DCIT Vs. Maithan Smelters Ltd. the Hon’ble Kolkata ITAT held that the interest subsidy, transport subsidy and power subsidy […]

Key features of NSDL Form 24G RPU / File Utility Version 1.4 w.e.f 26.12.2014

Key features of NSDL Form 24G RPU / File Utility Version 1.4 w.e.f 26.12.2014 Form 24G Return Preparation Utility (RPU) and File Validation Utility Version 1.4 for the Form 24G Statements from FY 2005-06 onwards released (26/12/2014).Key features of NSDL Return Preparation Utility (RPU) version 1.4

Significant Changes in processing of Quarterly TDS Statements

Significant Changes in processing of Quarterly TDS Statements It is glad to update you with a significant changes in processing of Quarterly TDS Statements by Centralized Processing Cell (TDS) for providing its better services.These changes was done to avoid defaults that may be arise due to inadvertent data entry errors.on the basis of feedbacks received […]

Implement Passbook scheme for TDS, Timley Income Tax Refund

Implement Passbook scheme for TDS, Timley Income Tax Refund The insistence on manual filing of TDS certificates before AO for verification of Income Tax Refund claim should be done away with.The tax deductor’s duties and obligations in terms of making information compliance and also depositing the deducted amount is onerous and they are not compensated […]