IT dept awarded for efiling of IT returns project

Income Tax Department receives Silver Award for e filing of Income Tax Returns project in the National Awards on e Governance 2016 17 The Income Tax Department is proud to announce that it has been conferred the Silver Award in the National Awards on e Governance 2016 17 for the e filing of Income T

Old notes returned figures might change says RBI

Clarification regarding Specified Bank Notes SBNs There had been various estimates on SBNs tendered in certain sections We would like to clarify that the periodical SBN figures released by us were based on aggregation of accounting entries done at the large no of Currency Chests all over the country

Next Level of TDS Compliance in Year 2017

Dear Deductor Centralized Processing Cell TDS wishes you Seasons Greetings and a Very Happy New Year 2017 The past year witnessed a fantastic journey for CPC TDS in many ways with your valued partnership as our key stakeholders While we observed all round healthy improvement in TDS Compliance throug

Govt clarifies status of political party under Income Tax Act

Clarification of Status of Political Parties under Income Tax Act 1961 There have been some newspaper reports which seem to wrongly suggest that there cannot be any scrutiny of Income tax returns of political parties registered with the Election Commission in the context of deposits of old currency

Revised DTAA between India and Cyprus to come into effect from 1st April 2017

Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi 16th December 2016 PRESS RELEASE Sub Notification of Completion of Internal Procedures for Revised Double Taxation Avoidance Agreement between India and Cyprus A revised Agreement between India and

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mvat return filing due date for Q3

which is the due date for Q3 Mvat return filing

TDS on printing bill

Hi Is TDS deducted on printing material supplied by a printer The printer charges VAT on the same

Tds interest paid

My TDS interest liability was on both head i e Salary Non Salary but in mistake i made payment on Non salary head can i adjust the payment challan of interest with Salary head

Tds on purchase of building

Hi if we purchase building and 1 tds we deducte and pay to govt it can refund Thanking

Claiming tds against card game (194b section)

Hi all Classic rummy has deducted 16k as tds where as I didnt pay any tax upto now So I dont have idea how to claim that amount Whatever I deposited amount I done it with credit card and even I lost more than winning amount So I cant even think of losing this money Im residing in rented house and my


Income tax return


Vat return

Dear Sir Madam Can we download previous period return from Site in state of Maharashtra If Yes How we can get the same

Tds on director's remuneration

In a private limited company if there is a director whose remuneration is below the basic exemption limit of 250000 but income from other sources are above that limit then whether TDS needs to be deducted on the remuneration and how If the companytakes a stand that since the remuneration is below 25

Tds on finance charges (non bank)

Sir Finance charges on vehicle loan from non banks is liable to deduct TDS

Itr 4 defective return notice under sec139 (9) with error code 31

My friend is a professional so he has been filing ITR 4 form for the last few years His professional income is less than Rs 2 5 Lakhs after deducting tds under sec 194 j and hence it is not required to audit his accounts There is no necessity for him to provide full details of Balance sheet in ITR H

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What,Who & How of GST Returns

WHAT What is Return The word returns itself needs some understanding So let us understand the purpose of Returns first a Mode for transfer of information to tax administration b Compliance verification program of tax administration c Finalization of the tax liabilities of the taxpayer within stipula

GST Tax Structure,Return & Penalty Provision

This article is for acquiring the knowledge on the basis of draft model of GST which would be modified at a later stage As on date it has become essential to understand the tax structure once GST is implemented since for compliance of indirect taxation all the existing heads of indirect taxes like C

Aggregate turnover under revised GST law

As we have discussed in earlier GST updates that registration under GST regime is required only if the turnover of the assessee crosses the threshold limit of Rs twenty lakhs Today in this update we shall analyse the definition of aggregate turnover and changes brought in by Revised GST Draft Law Th

Ease given to filing old Mvat returns

Arjuna Fictional Character Krishna the festival of Makar Sankranti has arrived Small children are in rush and excited to fly kites Even government is trying to fly the kite of GST But before that the Maharashtra Sales tax department has brought circular for flying kite of old not submitted VAT retur

GST Returns - Insights

Return is an important tool to collect the financial data and other related information so as to enable the Department to have a concrete database for enforcing the compliance part Thus return process has become a powerful tool to implement the data and revenue collection system The submission and p

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Updated on : 1/20/2017 6:37:09 AM

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