Jun 30, 2014

Things to know about PPF account of minor child

You can decide to open te Public provident fund account of the name of children for reducing tax liability and option of long tern saving....

TDS Deductors needn't submit copy of receipt of SSR for e-TDS statements

Tin.nsdl has given this facility to deductors/collectors that they need not submit copy of provisional receipt of original statements stat...

Jun 29, 2014

Govt should increase 80C tax deduction to 5 Lakh

One of several key challenges  to new government should be to meet the enhanced expectations of stakeholders and to contain the fiscal def...

Jun 28, 2014

Latest FVU version 4.3 e-TDS software free download

Tin.nsdl has launched latest version of file validation utility FVU version 4.3 e-TDS software. This latest version of FVU 4.3 is applicab...

Latest RPU version 4.0 for e-TDS statements free download

Tin.nsdl has launched latest version of return preparation utility RPU version 4.0 for e-TDS/TCS statements. RPU version 4 will prepare qu...

Jun 27, 2014

ITR 5 java based utility income tax return form for AY 2014-15

The income tax department issued ITR 5 in java based utility for the assessment year 2014-15. Income tax department already issued ITR1 SA...

ITR 1 SAHAJ excel utility and java based utility for AY 2014-15

The income tax department issued ITR-1 SAHAJ form in excel based utility. Earlier ITR-1 has been issued in java based utility. Income tax ...

Jun 26, 2014

7 expectation of salaried people with this budget

There are some big expectations by common man with this new government. The first exam of this new government is Budget which will be pres...

Aggregated TDS compliance at organization PAN level

In our endeavor to facilitate improved TDS administration, CPC(TDS) feels glad to provide you with the feature of "Aggregated TDS Com...

Jun 25, 2014

Consistently invalid/Not available PAN while submitting TDS statements

  CPC(TDS) has observed from its records that you have consistently reported Invalid / Not Available PANs in the Quarterly TDS Statements ...

Correction statements filed for Valid PAN changes after over an year

CPC(TDS) has observed from its records that you have filed correction statements, which include updations from Valid to Valid PANs, after ...

Jun 24, 2014

New Wealth tax form BB and amendment rules 2014

Income tax department notified new wealth tax form BB which is mandatory to file except individual and HUF not liable for tax audit. Incom...

New hybrid and future value transaction feature in RTGS

Please refer to our circular DPSS (CO) RTGS No.801/04.04.017/2013-14 dated October 11, 2013 regarding the launch of new RTGS system and co...

Income tax department urges taxpayers to update contact information immediately

Income-Tax Department uses the registered contact details (Mobile number & E-mail ID) for all communications related to e-Filing. It i...

Jun 22, 2014

Treat taxpayers as customers and avoid refunds-Tax panel to revenue

 The particular practice of slowing down tax refunds through the revenue department possesses drawn sharp critique from Tax Current admini...

Jun 20, 2014

ITR 2 excel utility and java based utility for Asst year 2014-15

The income tax department issued ITR 2 income tax return form in excel utility for the assessment year 2014-15. Earlier ITR 2 is also rele...