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Income Tax - There are situations where due to technical non compliance or due to procedural aspects credit TDS is denied to assesssee despite he is having Form 16A issued by deductor in support of his claim. However, CPC or even AO denies credit of such TDS and restricts claim to TDS as per Form 26AS only....
Read MoreIncome Tax - फॉर्म 26AS में आपके द्वारा सरकार को चुकाए गए कर की जानकारी होती है, इनकम टैक्स रिटर्न फाइल करने की आखिरी तारीख करीब आ चुकी है. अगर आप भी...
Read MoreIncome Tax - This FAQ explains about Income Tax, administrative framework of Income-tax, Return Filing Period, who is suppose to pay Tax, how to pay tax, precaution in Tax Payment , when to pay Tax, Advance Tax Calculation, Income Tax Challans, Form 26AS, Exempt Income Taxable, Income, Assessing Officer, Revenue receipt, Capital receipt, Agricultural ...
Read MoreIncome Tax - To, ….….. ….… Sub:- TDS Credit not shown in Form 26AS PAN:- _________ With reference to the captioned above, we would like to submit that, you have deducted Rs. _________ during the FY 17-18. However, as per our Form 26AS, it is not available due to which our income tax liability will increase along with […]...
Read MoreIncome Tax - If you are a taxpayers, you need to check your Form 26AS to ensure the tax deducted at source (TDS) is reflected correctly in the income tax records. Form 26AS is a consolidated tax statement issued under Rule 31AB of the Income Tax Rules to PAN holders. This statement will include details of:...
Read MoreIncome Tax - Major Achievements of CBDT in Current Financial Year 2016-17 so far include among others Enactment of The Benami Transactions (Prohibition) Amendment Act, 2016, Implementation of The Direct Tax Dispute Resolution Scheme, 2016 and of GAAR from Assessment Year 2018-19;...
Read MoreIncome Tax - CPC-TDS has informed on its website that Considering peak statement filing time, processing of TDS/ TCS statements might take 7 to 10 working days from date of filing. 90% of the statements filed till 15th Oct 2014 have been processed for 26AS....
Read MoreIncome Tax - CPC (TDS) is committed to contribute effectively in the nation building process through efficient tax administration and improved voluntary compliance. This is intended to be achieved by an enabling policy environment and augmenting the revenue mobilization apparatus under the law, while maintaining taxpayer confidence in the system. To a...
Read MoreIncome Tax - No. of times Form 26AS viewed 5.69 cr . No. Of distinct PANs for which Form 26AS viewed 1.38 cr . Statistics as on 23/08/2012...
Read MoreIncome Tax - View Tax credit detail is available to all user after login. This facility provides Tax credit history. After login go to menu option MyAccount->View Tax credit statement(Form 26AS). The new screen provides facility to enter Ass Year, DOB and capcha code to view the statement. Please login to view the same...
Read MoreManoj S. Gugale Vs ITO (ITAT Pune) - Assessee had declared additional incomes when AO confronted with details of Form No. 26AS , it could not be said that declaration of income by assessee was voluntary, therefore, levy of penalty under section 271(1)(c) on account of concealment was justified, especially in view of the fact that simil...
Read MoreM/s. Bhayana Builders Pvt. Vs The DCIT (ITAT Delhi) - Since the difference is reconciled at the penalty stage and claim of assessee have not been doubted or rejected, therefore, Ld. CIT(A) was not justified in confirming the levy of penalty merely because assessee conceded for addition of the amount in question. ...
Read MoreP.K. Rajasekar vs. ITO (ITAT Chennai) - AO is also equally responsible to find out whether the credit entry found on 01.07.2010 is genuine or not. The AO cannot take advantage of the ignorance or handicap of the assessee and say that there was undisclosed receipt by the assessee....
Read MoreShri Sama Srinivas Reddy Vs ITO (ITAT Hyderabad) - The CIT(A) remanded the matter and according to the remand report cash deposits were not explainable as there was cash in hand. Also, it was came to known that Assessee maintained one more account in Vijaya Bank which was not shown to the Department. Regarding the rental receipts it was observed by ...
Read MoreExecutors of the Estate of S.Shanmuga Mudaliar Vs The Assistant Commissioner of Income Tax (Madras High Court) - It is not disputed that tax was deducted at source by the tenant Union Motors Services Limited and they have issued some Certificates which has been given credit to by the Department. The present dispute relates to the failure of non issuance of TDS certificates by the tenant....
Read MoreInstruction No. 10/2017 - (15/11/2017) - Total income or loss shall be computed after making adjustment for addition of income appearing in Form 26AS or Form 16A or Form 16 (the three Forms) which has not been included in computing the total income in the return....
Read MoreDGIT Notification No. 11/2016-Income Tax - (02/12/2016) - CBDT notidfies Procedure for the purposes of furnishing and verification of Form 26A for removing of default of Short Deduction and/or Non Deduction of Tax at Source- Reg....
Read MoreInstruction No. 01/2012 - (02/02/2012) - Instruction No. 01/2012 The issue of processing of returns for the Asst. Year 2011-12 and giving credit for TDS has been considered by the Board. In order to clear backlog of returns, the following decisions have been taken: (i) In all returns (ITR-1 to ITR-6), where the difference between the TDS ...
Read MoreINSTRUCTION NO. 2/2011 - (09/02/2011) - INSTRUCTION NO. 2/2011 The issue of processing of returns for Asst. year 2010-11 and giving credit for TDS has been considered by the Board. In order to clear the backlog of returns, the following decisions have been taken: (i) In all returns (ITR-1 to ITR-6), where the difference between the TDS ...
Read MoreD.O. No. FTS-799468/2010- MEMBER (R) - (18/06/2010) - D.O. No. FTS-799468/2010- MEMBER (R) You may be aware that the Tax Credit Statement (in Form 26AS) in respect of each PAN holder is being compiled by the Income Tax Department on real time basis. Such statements are available for online view to the PAN holder, to enable him/her to take timely correc...
Read MoreManoj S. Gugale Vs ITO (ITAT Pune) -
