Simplifying Taxation in India
Preparation of Form 16 (Both Part A & )… The format of form no 16 is desigend accorting to Financial Year 2014-15 & onwards (As per Income Tax department instruction, the part A of form no 16 will be download from http://contents.tdscpc.gov.in/ It Excel sheet include DDO DATA, EMPLOYEE DATA, STATEMENT, FORM NO 16, GROSS SALARY, … Read more
As a deductor, deductor should know the list of unconsumed challans available at Traces. There may be lot of reasons for these challans. These challans contains two type of Data either the full amount of the challan is not used in TDS / TCS return or Part amount of the challan is used in … Read more
Last updated: 12.02.2015 Download Latest Income Tax Challans Instructions and Utility for Fillable Forms Please download Setup file, extract on your system and double click on the extracted exe file, it will install fillable file opener on your system. After installing the utility now you have to download the required form After downloading the form click on … Read more
OverviewIncome Tax Department’s initiative to receive information and maintain records of tax paid through banks through online upload of challan details is named as OLTAS (Online Tax Accounting System).Data upload by banksIncome Tax Department has devised the file formats for uploading data regarding tax payment. Banks are expected to generate and upload tax data as … Read more
New Procedure of challan correction by banks (for physical challans):To remedy this situation, a new Challan Correction Mechanism for physical challans has been put in place. Under this mechanism, for income tax payments made on or after 01-09-2011, the following fields can be got corrected through the concerned bank branch:Assessment YearMajor Head CodeMinor Head CodeTAN/PANTotal … Read more
Mandatory e- payment of Income tax :E payment of taxes is mandatory for following type of persons 1.All Corporates.2.person other than corporate but covered under section 44AB(compulsory Tax audit) and meaning of taxes here includes tds alsoother important aspects of e-payment is that one can make payment of taxes from other persons account alsoE payment … Read more
1) TAX PAYMENT Do: (a) TDS/ TCS i . Use challan type 281 for deposit of TDS/TCS. ii. Quote the correct 10-digit Tax Deduction Account Number (TAN) and name & address of the deductor on each challan used for depositing tax. You may verify your TAN details from Income Tax Department web-site prior to depositing … Read more
Following facility:Single time entry of main dataNo installation ,no key feeding ,Excel basedRelevant data auto filled in challan.All the income tax challan availableUnlimited financial years,Full version not demofigures in words auto filledInstruction to fill challan is also given.File Size is just 325kbIts free only following email address ,name etc requiredDownload now fill the form and … Read more
Challan 280:To deposit self assessment tax ,advance tax and tax demand on regular assessment etc.Cut off Amountif the tax payable is Rs. 10,000 or more(after taking tds in consideration), then the tax is paid in the previous year itself. In other words, payment of tax is not allowed to be deferred to the assessment year. … Read more
Latest EPF Challan in Excel file Download while using this software Keep following points in MindGo through the “ReadMe1st” sheetDo not leave blank cells between Cells “A” to “J”. 2. Do not use special characters in the Member & Father/Husband’s Names field.Fill details of Date of Joining and Date of Leaving of those members who … Read more