The Central Board of Direct Taxes have further decided that the Notification No. 31 of 2009 dated 25.3.2009 amending or substituting Rules 30, 31, 31A and 31AA of the Income Tax Rules, 1962 shall be kept in abeyance for the time being.
Modifications in the e-TDS/TCS data structure and new File Validation Utility applicable from October 1, 2009
September 4th, 2009 by admin 19,533 comments »The data structure of quarterly e-TDS / TCS statements has been modified by the Income Tax Department to incorporate certain additional fields and validations to further improve the data quality.
TIN & NSDL
August 26th, 2009 by admin 4,073 comments »Tax Information Network (TIN), a repository of nationwide Tax related information, has been established by National Securities Depository Limited (NSDL) on behalf of Income Tax Department of India (ITD). TIN is an initiative by ITD for the modernisation of the current system for collection, processing, monitoring and accounting of direct taxes using information technology.
How to deduct correct eTDS
August 14th, 2009 by admin 4,880 comments »The sections 192 to 196 of Income Tax Act, directs “Any person responsible for paying any income chargeable to tax” to deduct income-tax thereon at the rates specified respectively.
