There has been confusion with regard to inclusion of Service Tax component in respect of Payments which are also subject to Tax Deduction at Source (TDS). Earlier the CBDT had issued a Circular No 4/2008 , wherein in respect of Rent Payments, it was clearly mentioned that the TDS Shall be deducted only on the […]
NO TDS on Service Tax , if shown seperately Read More »
The Central Board of Direct Taxes vide its order u/s. 119 (2)(a) of the Income-tax Act,1961 dtd 13th December 2013 has extended the due date for payment of December quarter Advance Tax for the Financial Year 2013-14 , from 15th December 2013 to 17th December 2013 for all the assessees , corporate and other than
Advance Tax Due date for Dec 2013 extended Read More »
The following are the Various Statutory Obligations for the month of December 2013. Payment of Advance Tax The last date for Payment of Advance Tax (3rd Instalment in case of Companies & 2nd Instalment in case of Non Companies) for the A.Y.2014-15 is 15th December 2013. Click here to make Advance Tax Payment online. Click here to download Challan for
Statutory Obligations for the month of December 2013 Read More »
The Central Board of Direct Taxes (CBDT) has extended the due date of filing of Audit Report & Income-tax returns where the same where required to be filed on or before 30th September 2013 to 31st October 2013. In its order under Section 119 of the Income-tax Act, 1961 (Order No F.No.225/117/2013/ITA.II dtd 24th October
CBDT Technically Extends last date for tax audit to 31st October 2013 Read More »
The Income-tax Department has issued a new circular No 8/2013 dtd 10th October 2013. This circular provides the procedures to be followed for Tax Deduction at Source on Salaries during the year 2013-14 In this circular, the Income-tax Department has provided as follows :- 1) Where the House Rent Allowance (HRA) amount is than Rs
PAN of Landlord Mandatory for Claiming HRA (For rent exceeding Rs. 1 Lakh p.a) Read More »
The following are the Various Statutory Obligations for the month of September 2013. Payment of Service Tax The last date for Payment of Service tax pertaining to the month of August 2013 is 5th of Sep 2013. In case of e-payment, the due date is 6th of September 2013. In case of payment by Challan
Statutory Obligations for the month of September 2013 Read More »
The Central Board of Direct Taxes has notified the much awaited “Safe Harbour Rules” which are applicable in case of transactions entered into associate enterprises in respect of which Transfer Pricing regulations apply. The draft rules as notified is reproduced below :- [gview file=”http://bssridhar.com/blog/wp-content/uploads/2013/08/14082013_DraftSafe_14082013.pdf”] Courtesy :- www.incometaxindia.gov.in
Draft Safe Harbour Rules notified Read More »
The Central Board of Direct taxes (CBDT) has prescribed the procedure and criteria for selection of scrutiny cases under compulsory manual during the financial year 2013-2014 . The guideline prescribed by the Income-tax department is reproduced below :- [gview file=”http://bssridhar.com/blog/wp-content/uploads/2013/08/07082013_Scrutiny_Cases_06082013.pdf” save=”1″] Courtesy :- www.incometaxindia.gov.in
Procedure and Criteria for Selection of Scrutiny of IT Cases for the year 2013-14 Read More »
The following are the Various Statutory Obligations for the month of July 2013. Payment of Service Tax The last date for Payment of Service tax pertaining to the month of July 2013 is 5th of Aug 2013. In case of e-payment, the due date is 6th of August 2013. In case of payment by Challan
Statutory Obligations for the month of August 2013 Read More »
The Income-tax department has extended the due date for filing the Income-tax returns from 31st July 2013 to 05th of August 2013 in respect of Non-Corporate / Non-Audit case returns to be filed for the year 2012-13 (A.y.2013-14). This is done in view of the unprecedented surge in the number of e-returns filed and the
Due date for filing returns extended….. Read More »
The Income-tax department has notified the new excel utility for e-filing Income-tax returns in respect of Corporate assessees other than companies claiming exemption u/s. 11. Click the link below to download the excel utility. [wpdm_file id=31]
ITR-6 e-filing excel utility notified Read More »
The last date for filing Income-tax filing is fast approaching and you must be busy in compiling the details for filing the Income-tax returns. This checklist will be handy for you for compiling the details for your Income-tax returns. PAN Card Your PAN Card is the most important document required for filing your Income-tax returns.
Checklist for Filing Income-tax returns – Salaried Employees Read More »
The following are the Various Statutory Obligations for the month of July 2013. Payment of Service Tax The last date for Payment of Service tax pertaining to the month of June 2013 is 5th of July 2013. In case of e-payment, the due date is 6th of July 2013. In case of payment by Challan
Statutory obligations for the month of July 2013 Read More »
ITR-7 e-filing utility for the A.Y.2013-14 (F.Y.2012-13) has been notified by the Income-tax Department for the First time. Till the A.Y.2012-13, ITR-7 was the only return which had the only option of filing hard copy of the Returns. Compared to the other e-return utilities, which were Excel files which can be used to fill the
ITR-7 e filing utility notified.. Read More »
