New procedure to file TDS returns online w.ef. 01.05.16 REGISTRATION WITH E-FILING WEBSITE – FOR TDS RETURN 1. Log into ‘TRACES’ with the details of the assessee whose return is to be filed. 2. Click at ‘Register for E-filing’ option at the left corner of the ‘TRACES’ window page. 3. This will take us to […]
Tag Archives: Tds Deduction
Possible Tax Benefits of Health Insurance The increased incidence of lifestyle-related diseases and the spiraling costs of healthcare has made it necessary for people to get health insurance coverage. You can get yourself and your family, which includes your spouse, children, parents, and other dependents, covered under health insurance. If you or members of your […]
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 […]
How to Treat with Employees T.D.S. The Government has found a new tool in the form of enlargement of the scope of Tax Deduction at Source (T.D.S.) for augmenting tax revenues. Vide Finance Act 1995 , the scope of T.D.S. has been vastly enlarged and as a concomitant measure the administrative machinery for ensuring proper […]
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 […]