Program on Practical Issues in Tax Deduction at Source (TDS) with latest amendments Date & Time : Tuesday, July 9, 2013 - 09.30 a.m. to 5.30 p.m. (Registration & breakfast: 9.00 to 9.30 am) Venue : VITS Hotels, Andheri-Kurla Road, Beside Trade Star Building, Kondivita Lane, Mumbai - 400059 Benefits/ learning objectives: Over the years… Read More
Tags: Accounts payable, Income tax, Income Tax Act 1961, Kandivali, Labour law, Mumbai, Oriental Bank of Commerce, Section 194C, section 194i, section 194j, section 40, Tax, Tax Deduction at Source, TDS, Vendor payment
The Income-tax Act requires that the tax payable on the returned income after taking into account prepaid taxes, should be paid before furnishing the return. An analysis of returns filed electronically in the current Financial Year (2012-13) reveals that nearly 73,388 taxpayers have defaulted on such payments aggregating to Rs. 3,859 crore. Income-tax Department urges… Read More
Tags: Accounts payable, Advance corporation tax, Default (finance), Filing (legal), Fiscal year, Income Tax Act, Payment, Property tax, Tax