Tax Information Network (TIN) hosted by National Securities Depository Limited (NSDL) on behalf of Income Tax Department (ITD) gives you a facility to verify whether the banks have correctly uploaded the details of your tax deposit to ITD through SMS.
Look inside for SMS keywords and features.
Archive for the ‘Income Tax’ Category
SMS Based Service for Challan Status
Posted by admin on July 8th, 2009
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CBDT Press Release on Deferment of TDS Rules
Posted by admin on July 5th, 2009
Press Release The Central Board of Direct Taxes have further decided that the Notification No. 31 of 2009 dated 25.3.2009 amending or substituting Rules 30, 31, 31A and 31AA of the Income Tax Rules, 1962 shall be kept in abeyance for the time being. Taxpayers filing their income tax returns for assessment year (AY) 2009-10, [...]
New procedure for Issue of 195 Certificate
Posted by admin on July 5th, 2009
There is a new procedure for certificate U/s 195, which is changed as per circular of CBDT dated, 29-06-09. Look inside for detailed description of the changes, along with the official procedure.
Cashless ESOP Benefits are not Taxable:- ITAT
Posted by admin on May 24th, 2012
Bomi S. Billimoria vs. ACIT (ITAT Mumbai) The assessee, an employee of Johnson & Johnson (“J&J”) India, received from J&J, USA, on 12.7.1989 a “cashless” option to buy 2500 shares at the then prevailing market price of $ 57.88 per share. The options were exercisable in installments over 10 years starting 11.7.1991. On 13.8.1992 (AY [...]
