Last week our business development manager met a client at a network meeting. He is a computer engineer who works with a software giant in Chennai. While talking to him she casually asked her if he had filed his IT returns this year since he had started earning only last year. She was a little [...]
If you are a holder of Tax Account-deduction Number (TAN), then you are required to furnish the Tax Deducted at Source (TDS) statements for every quarter. This is to bring to your kind notice that the due date for Quarter 4 (Jan to Mar 2011) has been advanced from June 15 to May 15. This [...]
As a matter of streamlining the procedures for the scrutiny of income-tax returns for senior citizens and small tax payers, the Central Board of Direct Taxes has come up with new rule which will come in to effect from the financial year 2011-12. Here is the notification received from the department in this regard. Government [...]
Taxpayers will now have to procure a ‘new number’ for filing returns and making any communication with the Income Tax department. The unique Document identification number (DIN), on the lines of numbers like PAN and TAN, will be quoted on “every” income tax-related communication, including returns to be filed next year for the financial year [...]