Latest Expert Exchange Queries

GST Demo Service software link: https://ims.go2customer.com
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft info@binarysoft.com
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
 
 
 
 
Popular Search: Central Excise rule to resale the machines to a new company :: ACCOUNTING STANDARDS :: VAT RATES :: TAX RATES - GOODS TAXABLE @ 4% :: TDS :: due date for vat payment :: cpt :: list of goods taxed at 4% :: articles on VAT and GST in India :: form 3cd :: VAT Audit :: empanelment :: ACCOUNTING STANDARD :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ARTICLES ON INPUT TAX CREDIT IN VAT
 
 
« News Headlines »
 Save income tax through mutual fund investment. All you need to know
 Income tax returns (ITR): On sale of property, here is what you should know
 Section 35 of the Income-tax Act?
 Notification regarding extension of last date w.r.t submission of closing stock by dealer.
 Integrated Goods and Services Tax (IGST) Rules, 2017 (As on 15.11.2017)
 Central Goods and Services Tax (CGST) Rules,2017 (As on 15.11.2017)
  101st Constitution Amendment Act, 2016
 Pr. Commissioner Of Income Tax-6 Vs. Mccain Foods India Pvt. Ltd.
 Section 10 of the Income-tax Act, 1961
 Income tax returns filing: No tax on gift received from relatives in form of cash
 Income tax returns (ITR): Here is why you need to pay higher tax on other incomes

Govt tightens norms for acceptance of tax returns
September, 27th 2007
The Finance Ministry has tightened norms for acceptance of returns on tax deducted at source (TDS) and tax collected at source (TCS).

From the quarter ending September 30, the Income-Tax Department would not accept TDS returns for salaries with less than 90 per cent of Permanent Account Number (PAN) data and TDS returns for payments other than salaries with less than 70 per cent of PAN data. It would also not accept tax collection at source (TCS) returns if the PAN data is less than 70 per cent.

It has been observed that in most of the TDS/TCS returns, the PAN of the deductee is either missing or incorrect. As the requirement of filing TDS/TCS certificates along with the return has been done away with, the absence of PAN of deductees is creating difficulties in giving credit for the tax deducted and collected, a statement issued by the revenue department said.

The Finance Ministry has therefore advised tax deductors and tax collectors to obtain PAN details of all deductees and quote them in the TDS/TCS returns, failing which the TDS/TCS returns would not be accepted and all penal consequences under the income-tax law would follow.

From end-September this year, filing of TDS/TCS returns in electronic form is mandatory for tax audit cases and where the number of deductee/collectee records in a quarterly statement for any quarter of the immediately preceding financial year was more than fifty.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Software Reengineering Software Re-engineering Software Reverse Engineering Software Reverse Development Software Change Modulation Software Conversion Software Re-creation Software Re-development

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions