INDIAN TAX SOURCE

Indian Tax Source Wishes You a Happy Diwali.

SMS alert service for TDS deductions s many as 2.5 crore salaried tax payers will now receive SMS alerts from the Income Tax department regarding their quarterly TDS deductions. tax payers will benefit if they receive information through use of technology. So they can match the office salary slip and the SMS and at the end of the fiscal he will be clear about any possible tax dues “The frequency of SMS alerts will be increased, once the process for filing TDS returns is stremlined to receive such information on a real time basis,” the CBDT said. CBDT Chairperson Rani Singh Nair said the tax department is encouraging people to register their mobile number on the e-filing website. She said tax payer will initially receive a welcome message from the CBDT informing him about the facility and after that each assessee would be sent messages informing them about their respective TDS deductions. The new step is an effort by the IT department to directly communicate dep

Tax Department To Appreciate Honest Tax Payers Central Board of Direct Taxes (CBDT) will be sending certificates of appreciation to individual tax payers by e-mail on the basis of the level of taxes paid by them for the current Assessment Year 2016-17.  Recently, Finance Minister, Shri Arun Jaitley handed over certificates of appreciation issued by CBDT honoring select tax payers for such contribution.  This step marks the first effort by the Government to directly communicate to the tax payer its appreciation for that contribution.  Individuals who have paid in full tax and have no outstanding tax liabilities and where the return is e-filed within the prescribed due date, will receive such certificates. The tax payers may display these certificates in their homes or offices. The categories for individual taxpayers and the number of certificates being issued in the first round are:  Platinum: Tax contributed Rs. 1 Crore and above  Gold: Tax contributed Rs