"TDS on Salary without PAN -Surcharge Cess Not applicable u/s 206AA” plus 2 more

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• TDS on Salary without PAN -Surcharge Cess Not applicable u/s 206AA
• Compulsory e-Filing of return by HUF or individual in Audit cases Ay 2010-11
• Time limit for filing ITR-V for assessment year 2009-10 extended

TDS on Salary without PAN -Surcharge Cess Not applicable u/s 206AA Posted: 03 Sep 2010 09:35 AM PDT There are two employees (not having PAN) in our Noida office (salary Rs. 13,50,000 and Rs. 14,00,000). In spite of our persuasion, they are not interested in obtaining PAN. How much tax is deductible in these cases? Should we include education cess in the rate of 20 per cent TDS rate under section 206AA? Likewise, our company will have to make payment to a foreign company of Rs. 1.5 crore in the month of November. PAN is not available, tax will be deducted at the rate of 20 per cent. Should we... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Compulsory e-Filing of return by HUF or individual in Audit cases Ay 2010-11 Posted: 03 Sep 2010 09:22 AM PDT An individual and HUF who are covered under section 44AB (audit case) were filling their return of income in physical form up to the assessment year 2009-10. However, recently the Central Board of Direct Taxes has amended this provision by amending rule 12. This amendment has been made by Notification No. 49/2010, dated July 9, 2010. After this modification, according to my understanding those individuals/HUFs who are covered by the audit provisions of section 44AB will have to submit their... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Time limit for filing ITR-V for assessment year 2009-10 extended Posted: 03 Sep 2010 09:13 AM PDT The Central Board of Direct Taxes (CBDT) has decided to extend the time limit for filing ITR-V forms relating to income-tax returns for A.Y. 2009-10 filed electronically (without digital signature) on or after 1st April 2009. These ITR-V forms can now be filed up to 31st December 2010 or within a period of 120 days of uploading of the electronic return data, whichever is later. 2. The relaxation has been made since there are still returns relating to A.Y. 2009-10 for which the ITR-V... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

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