CBDT through Notification no F.No.279/Misc/M-63/2017-IT dated 31st May 2017 has extended the last date of submission of Form 61A for Statement of Financial Transaction (SFT) to 30th June 2017. SFT is required to be submitted for FY 2016-17 i.e AY 2017-18. In case of non compliance of rule 114E penalty of Rs 100 per day of… Read More »
What can you do to make sure bank does not deduct TDS on interest, if your total income is not taxable? (adsbygoogle = window.adsbygoogle || []).push({}); The simple thing you can do is:- Form 15G and Form 15H are forms you can submit to make sure TDS is not deducted on your income if you… Read More »
Section 193 deals with tax deducted on interest on securities. Any person making payment to the resident in respect of interest on securities as defined in clause 28B of Section 2 shall deduct TDS at the time of payment or credit to the books of accounts whichever is earlier. Tax shall be deducted @ 10%.… Read More »
Checking /Knowing Your PAN Card Status or PAN Card Details like PAN Number using name and date of birth is not a rocket science. Anyone can search their or other persons PAN card Number or Details using the Name & Date of Birth or by using the acknowledgement number which had been given to them when… Read More »
Fixed Deposit Rates: For Domestic Deposits below Rs. One Crore Maturity Period Rates of Interest (% p.a.) w.e.f August 16, 2013 For deposit less than Rs. 1 crore General Senior Citizen 7 days to 14 days 4.50 5.00 15 days to 29 days 4.75 5.25 30 days to 45 days 5.50 6.00 46 days to… Read More »