Income Tax : It has been directed that ITR-1 to ITR-8 shall require the quoting of the relevant UTN for every TDS or TCS claim made by an asses...
Income Tax : Income Tax Department has introduced a scheme for centralized processing of annual income-tax returns which envisages no interface...
Income Tax : ITR-1 return of income for individuals having income from salary/ pension/ family pension and not having any other income except i...
Income Tax : A new form introduced by the Central Board for Direct Taxes (CBDT) to improve tax deductions at source (TDS) has allegedly made th...
Income Tax : In a fresh move, the Finance Ministry today said income tax payers will have to mention receipt number of tax deducted at source (...
Income Tax : The Central Board of Direct Taxes (CBDT) has reinstated the tax deduction at source (TDS) rules/ forms that were earlier discontin...
Income Tax : The government has decided to shelve the introduction of the unique transaction number, which tax payers need to quote along with ...
Income Tax : The Government has decided to make it compulsory to quote Unique Transaction Number (UTN) in the Income-tax return forms to be fil...
Income Tax : The government is considering to re-introduce one-pager ‘Saral form for filing income tax return. The form was discontinued in 2...
Income Tax : The CBDT has finally come out with a much awaited Press Release relating to the new TDS rules. All of us were anxiously waiting fo...
Income Tax : CIRCULAR NO. 02 / 2009 One of the fundamental principles of financial accounting is that if a person claims credit for payment o...
CIRCULAR NO. 02 / 2009 One of the fundamental principles of financial accounting is that if a person claims credit for payment of money to a third person, the credit should be allowed only if the payment and the information relating to the transaction have been received from the third person. The advance tax and self assessment tax is paid directly by the assessee by filling a challan whichbears a unique Challan Identification Number (CIN)
A new form introduced by the Central Board for Direct Taxes (CBDT) to improve tax deductions at source (TDS) has allegedly made the process more cumbersome, and may even prompt the government to put the transition to the new regime in abeyance. The new form for tax deductors — those responsible for deducting tax while […]
