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Income tax department to pay interest on TDS refund
Choose the correct income tax return form
Rules regarding quoting of PAN for specified transactions amended
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Income tax department to pay interest on TDS refund
Timesofindia.indiatimes.com
Apr 26, 2016
NEW DELHI: The income tax department will now add interest amount to a delayed refund made on excess TDS deductions and will also not litigate with the deductor on this issue in the future, a latest directive has said. …
Choose the correct income tax return form
Deccanchronicle.com
Apr 26, 2016
Every year the government notifies the tax return forms applicable for the current assessment year. This year the tax return forms have been notified well in time just before the close of the financial year on March 3oth. The newly notified forms for the financial year 2015-16 do carry some changes over the previous year’s forms. …
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Rules regarding quoting of PAN for specified transactions amended
Business-standar.com
December 16, 2015
The Government is committed to curbing the circulation of black money and widening of tax base. To collect information of certain types of transactions from third parties in a non-intrusive manner, the Income-tax Rules require quoting of Permanent Account Number (PAN) where the transactions exceed a specified limit. …
I-T dept to use email for issuing notices
Timesofindia.indiatimes.com
Sep 20, 2015
NEW DELHI: In welcome news for taxpayers, the IT department has decided to launch a new system of issuing email notices to which an assessee can respond electronically, obviating the need for a physical interface with the taxman which often led to complaints about harassment. …
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