Category: INCOME TAX
IT Section 194-I – TDS on Rent – Clarification regarding TDS on Service Tax Component
SECTION 194-I OF THE INCOME-TAX ACT, 1961 - DEDUCTION OF TAX AT SOURCE -
RENT – CLARIFICATION REGARDING TDS UNDER CHAPTER XVII-B ON SERVICE TAX
COM [...]
Nine reasons for getting an income tax notice
The Income Tax Department has launched a drive to ensure greater tax compliance. In recent months, thousands of taxpayers have been served notices af [...]
New house rent allowance exemption rule: How it will affect you
New house rent allowance exemption rule: How it will affect you: ZeeNews
The Central Board of Direct Taxes has now made it mandatory for employees t [...]
Submission of Income Details & proof of savings for income tax financial year 13-14: CPCB Order
Central Pollution Control Board, New Delhi
File No. AC-101/05/VG/2013-14/
September 24, 2013
CIRCULAR
Subject: Income details & proof of sa [...]
Computation of Income under the Head Salaries – Income Chargeable, Exemptions, Deductions u/s 16 & Chapter VI-A: IT Circular 8/2013 Part 5
5. COMPUTATION OF INCOME UNDER THE HEAD "SALARIES"
5.1 INCOME CHARGEABLE UNDER THE HEAD "SALARIES":
(1) The following income shall be chargeabl [...]
TDS Return – Person Responsible Tax Deduction and their Duties: Income Tax on Salaries : IT Circular 8/2013 Part 4
4. PERSONS RESPONSIBLE FOR DEDUCTING TAX AND THEIR DUTIES:
4.1. As per section 204(i) of the Act, the "persons responsible for paying" for the pu [...]
Method of Tax Calculation – Broad Scheme of Tax Deduction at Source from Salaries : IT Circular 08/2013 Part 3
3. SECTION 192 OF THE INCOME-TAX ACT, 1961: BROAD SCHEME OF
TAX DEDUCTION AT SOURCE FROM "SALARIES":
3.1 Method of Tax Calculation:
Every per [...]
Income-Tax Deduction from Salaries during the Financial Year 2013-14: IT Circular No. 08/2013 Part-I
CIRCULAR NO : 08 /2013
F.No. 275/192/2013-IT(B)
Government of India
Ministry of Finance
Department of Revenue
Central Board of Direct Taxes
New [...]
Rates of Income-Tax on Salaries for AY 2014-2015 FY 2013-2014: IT Circular 08/2013 Part-2
2. RATES OF INCOME-TAX AS
PER FINANCE ACT, 2013:
As per the Finance Act,
2013, income-tax is required to be deducted under Section 192 of the Act [...]
Cabinet likely to consider Direct Taxes Code Bill
Cabinet likely to consider Direct Taxes Code Bill tomorrow: Economic Times
NEW DELHI: The Cabinet is likely to consider tomorrow the Direct Taxes C [...]