Income Tax News

Procedure for filing TDS returns with insufficient deductee PAN

13 August 2008 at 13:05

Procedure for filing TDS returns with insufficient deductee PAN As per instructions issued by the Central Board of Direct Taxes (CBDT), it is mandatory for deductors to file TDS/TCS statements with a threshold limit of Permanent Account Number (PAN)

Posted in Income Tax | 4 comments | 11223 Views

12.49 lakh e-returns of income filed

02 August 2008 at 03:15

The facility of filing income-tax returns electronically (e-returns) has received overwhelming response from the taxpayers. As on 31st July 2008, 12.49 lakh e-returns were filed compared to 1.46 lakh e-returns filed up to the same date last year, an

Posted in Income Tax | 1 comments | 6441 Views

Couldn't file return? Don't panic

28 July 2008 at 11:51

Those who had their tax deducted at source can file it till March 31, 2010. The last date to file your income-tax return is just three days away.

Posted in Income Tax | 1 comments | 16170 Views

If you don't attach annexures forget tax refunds for 2-3 yrs

28 July 2008 at 11:46

The taxman is a tough nut to crack. DNA had on May 27 reported (Mr Chidambaram, look what your taxmen are up to) that the Income Tax office at the Bandra-Kurla Complex had been insisting on salaried individuals

Posted in Income Tax | 11754 Views

Online tax payment sansnet banking a/c? Possible

25 July 2008 at 12:04

Taxpayers may know by now — one can avoid the queues at bank counters by paying taxes online. Taxes can be paid from the comfort

Posted in Income Tax | 1 comments | 8163 Views

A dummy's guide to filing tax returns

25 July 2008 at 11:55

A dummy's guide to filing tax returns With just seven days left to file tax returns, many are spending sleepless nights trying to figure their way through financial jargon and endless paperwork.

Posted in Income Tax | 24213 Views

TRPs, your IT returns helpers, aren't doing too well

25 July 2008 at 11:47

Ever heard of TRPs? Not television rating points, but tax return preparers? Well, if you haven't, join the club. A year after the income-tax department introduced the concept of TRPs to help ordinary taxpayers

Posted in Income Tax | 1 comments | 6219 Views

How to file your tax return

24 July 2008 at 12:45

To file I-T returns, the choice for salaried individuals will be between the Indian Income Tax Return - 1 (ITR-1) and ITR-2 forms. If your earnings for the year are through salary income and interest earned

Posted in Income Tax | 15816 Views

Higher TDS rate if PAN not disclosed

23 July 2008 at 17:46

Higher TDS rate if PAN not disclosed The move is being viewed as an effort by the government to expand the taxpayer base. Companies and individuals who do not reveal their Permanent Account Number (PAN) while receiving income from any sour

Posted in Income Tax | 13 comments | 8211 Views

IT returns to be filed without TDS certificates

19 July 2008 at 12:53

The Central Board of Direct Taxes have vide notification S.O.No.752(E) dated 28.3.2008, notified the return forms for the assessment year 2008-09. With a view to enabling tax-payers to file returns in the electronic mode, these returns (except ITR-7)

Posted in Income Tax | 2 comments | 14511 Views