Required Assistant Accountant in East Delhi

Need Accountant for a reputed firm in East Delhi. Interested candidates will be contact at: or contact no. 9810654446 (Mr. Damodar Prasad Agrawal)
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Changes Notified in ITR Forms for AY 2015-16 i.e. Financial Year 2014-15

Author: Damodar Prasad Agrawal 

CBDT has vide Notification No. 41/2015 Dated15.04.2015 notified Form ITR-1, ITR-2 and ITR-4S for Assessment Year 2015-16 i.e. Financial Year 2014-15. The Notification also made Several Changes in Rule 12 of Income Tax Rules, 1962 which is related to Condition of Filing of Income Tax Return.
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Rights of Employees & Others (TDS Deductees)

Credit of TDS - If tax has been deducted at source u/s 192 to 194 A/B/BB/C/ D/E/EE/F/G/H/I/J/K, 195, 196A/B/C and D, the person from whose income (payment) the tax has been deducted i.e. Payee or assessee shall not be asked upon to pay the tax himself to the extent tax has been deducted (Sec.205). Moreover u/s 199 such tax deducted at source shall be treated as payment of tax on behalf of the payee (assessee).
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Now banks can issue FDs exceeding 15 lakhs without option of pre-mature withdrawal at differential interest rates

Earlier, banks were allowed to offer differential rates of interest on term deposits on the basis of tenor of deposits less than Rs. 1 crore and on the basis of quantum and tenor of term deposits of Rs. 1 crore and above. In the sixth bi-monthly monetary policy review held on February 3,2015 the RBI had decided to introduce the feature of early withdrawal in case of term deposits as a distinguishing feature for offering differential rates of interest.
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No Service Tax liability arise on loans & advances, if it is revealed in Audited Balance Sheet

We are sharing a Important Judgement with you of Hon'ble CESTAT Mumbai.

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How to Create a Bootable Device

A very common use of a bootable device is to use for Install Window in PC, but very few people know to how to create a bootable device. For installing window in PC then you must have a Bootable device e.g. CD, PEN Drive or External HDD (Hard Disk).
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TDS Default Types & Tips to avoid it

One can avoid defaults in the TDS statements, by way of adherence to the following basic principles:   
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Healthy Practices for Error-Free TDS Returns

Healthy practices for error – free TDS returns has been given below:
1.       Deduction/ Collection of Tax at Correct Rates.
2.       Timely Deposit of Tax Deducted at Source.
3.       Accurate Reporting of data related to tax deductions/ collections made.
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