Simplified Laws Guide to Taxation and Legal Concern

Consequences on Delay in Filing of Quarterly eTDS Return The following is the mail sent out by Central Processing Centre (CPC), Income Tax department about fee charged under Section 234E of the Income Tax Act. The validity of the fee charged under this section was challenged in various courts by …

  What is Advance Tax? The income Tax payers have to estimate their income for the current year (for example – current year is starting from1st April 2014 and ending on 31st March 2015) and compute the applicable taxes on such income. The taxes so computed have to be paid …

  Income Tax Department ie Centralized Processing Center (ITD-CPC), Bangalore has started sending final email reminder communication for non-receipt of ITR – V for the assessment year 2013-14. From the past one week, many tax payers have received email from CPC asking them to submit ITR V. [ Recommended Read …