Advance corporation tax

Quarterly Advance Tax Payment :: Banks to remain open

All Designated Branches of Authorized Banks to Function on 14th and 15th September, 2013 (Saturday & Sunday) All designated branches of authorized banks have been asked to function on 14th and 15th September, 2013 (Saturday & Sunday) to accept advance tax payments. If any tax payer fails to pay the advance tax on 14th/15th September,… Read More

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Controversies In Assessment: Income-tax Dept Publication

The Income-tax department has released a publication titled A Step Ahead A compilation on contentious issues in assessments. The publication is authored by top-notch senior IRS officers who have a good grasp on the theoretical and practical aspects of making an assessment. It identifies 19 important provisions in the Act which are the subject matter… Read More

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IT Department Urges Taxpayers to Pay all Self- Assessment Tax Dues by 31ST March

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

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