Income Tax: How to check whether employer is depositing TDS with the tax department?

Income Tax: How to check whether employer is depositing TDS with the tax department?

The Bombay High Court has recently held that employees cannot be penalised for employer’s failure to deposit tax deducted (TDS) from salary. “The object and purpose behind the provision is to the effect that when an obligation to deposit the tax as in the present case, is on the employer and if the employer has defaulted, … Read more

There’s now a faster way to resolve tax disputes. But it has a huge red flag.

There’s now a faster way to resolve tax disputes. But it has a huge red flag.

The new scheme is meant to be faster and easier than filing an appeal with the Commissioner of Income Tax (Appeals) – CIT(A) – but one particular condition makes it the less attractive option and begs the question: is this just another toothless provision from the tax department? What is e-DRS? Until now, when a … Read more

Income Tax: How to authenticate notice issued by the department? A step-by-step guide

Income Tax: How to authenticate notice issued by the department? A step-by-step guide

Have you ever received any income tax notice mentioning a defect in your return? This is sufficient to send a chill down the spine of a ‘common man’ or a ‘common woman’. However, anxiety is not going to take you anywhere. First of all, you need to authenticate the notice sent from the department before … Read more