tds

Income Tax website to have a new look

The official website of Income Tax department www.incometaxindia.gov.in is being revamped and modified to host a whole range of features and utilities.

Tax Deduction Account Number (TAN) – Facts you should know

TAN or Tax Deduction and Collection account number is a unique ten digit alpha-numeric number required to be compulsorily obtained by all persons who are responsible for deducting or collecting tax at source on behalf of Income Tax Department.

Clarifications on filling new ITR forms

As the last date for filing returns for the Asstt.Year 2007-08 is drawing to close, a lot of issues confuse the assessees as they fill the new forms.

Taxpayers can heave a sigh of relief

Satisfied with the direct tax collections for the first quarter and confident of achieving the set targets, tax authorities are in the seventh heaven.