Aug 052014
 

The following are the Various Statutory Obligations for the month of August 2014.

Payment of Service Tax

The last date for Payment of Service tax pertaining to the month of July  2014 is 5th of Aug 2014. In case of e-payment, the due date is 6th of August  2014.

In case of payment by Challan GAR 7, click here to download the Challan

In case of e-payment of Service Tax, Click here to make the payment online.

Remittance of Tax Deduction at source

The due date for remitting Tax Deducted at Source (TDS) on Salary & Non-salary payments during the month of July 2014 is 7th of Aug 2014.

Click here to pay the TDS online.

Monthly Return and Payment of Tax under TNVAT

The monthly returns filing and the payment of TNVAT has to be complied on or before 20th of Aug  for the month of July 2014.

Dec 012013
 

The following are the Various Statutory Obligations for the month of December 2013.

Payment of Advance Tax

The last date for Payment of Advance Tax (3rd Instalment in case of Companies & 2nd Instalment in case of Non Companies) for the A.Y.2014-15 is 15th December 2013.

Click here to make Advance Tax Payment online.

Click here to download Challan for Payment of Advance tax

Payment of Service Tax

The last date for Payment of Service tax pertaining to the month of November 2013 is 5th of December 2013. In case of e-payment, the due date is 6th of December 2013.

In case of payment by Challan GAR 7, click here to download the Challan

In case of e-payment of Service Tax, Click here to make the payment online.

Remittance of Tax Deduction at source

The due date for remitting Tax Deducted at Source (TDS) on Salary & Non-salary payments during the month of November 2013 is 7th of December 2013.

Click here to pay the TDS online.

Monthly Return and Payment of Tax under TNVAT

The monthly returns filing and the payment of TNVAT has to be complied on or before 20th of December for the month of November 2013.

Payment of 50% of the Tax as per Form VCES-2 for assessees who have declared under VCES Scheme :-

The 50% of the tax liability as declared and accepted under the Voluntary Complaince Encouragement Scheme 2013 (Service Tax) has to be paid on or before 31st of December 2013.

Filing of declaration under VCES

The last date for filing declaration in VCES-1 for claiming the immunity from Interest & Penal provisions in respect of Service Tax Voluntary Compliance Encourgement Scheme 2013 is 31st December 2013.

Click here to send your enquiries/suggestions , if any.

Oct 152013
 

The Income-tax Department has issued a new circular No 8/2013 dtd 10th October 2013.

This circular provides the procedures to be followed for Tax Deduction at Source on Salaries during the year 2013-14

In this circular, the Income-tax Department has provided as follows :-

1) Where the House Rent Allowance (HRA) amount is than Rs 3000/- per month, those salaried employees will be exempted from production of Rent Receipt. This exemption is applicable for the limited purpose of TDS and however in regular assessment procedures, they employee needs to provide the rent receipts during the assessment.

2) if annual rent paid by the employee exceeds Rs 1,00,000 per annum, it is mandatory for the employee to report PAN of the landlord to the employer. In case the landlord does not have a PAN, a declaration to this effect from the landlord along with the name and address of the landlord should be filed by the employee.

The Other Important provision in the circular reads as under :-

The Drawing and Disbursing Officers should satisfy themselves about the actual deposits/ subscriptions / payments made by the employees, by calling for such particulars/ information as they deem necessary before allowing the aforesaid deductions. In case the DDO is not satisfied about the genuineness of the employee’s claim regarding any deposit/ subscription/ payment made by the employee, he should not allow the same, and the employee would be free to claim the deduction/ rebate on such amount by filing his return of income and furnishing the necessary proof etc., therewith, to the satisfaction of the Assessing Officer.

In view of the above, in respect of employees providing declaration from the landlord, the employers may request the employees to provide the Identity and address proof of the Landlords along with the Declarations to satisfy about the genuineness of the declaration.

The relevant circular is reproduced below :-

Download (PDF, Unknown)

 

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