Validate certificate under section-197

It is very common that deductor get certificate for lower deduction of TDS from the deductee. On the basis of such certificate, lower TDS is deducted and while filing TDS return, deductor mention the certificate number in return however demand of short deduction arises due to wrong quoting of 197 certificate number.

It happens because when the deductor accepts from deductee a manually issued lower deduction certificate by assessing officer & quotes the same in TDS statements. To resolve the issue CPC(TDS) has provided the facility of validating the 197 certificate to the deductors and that if the 197 certificate is not valid as per TRACES validation, the deductor should always insist upon an ITD system generated certificate having a unique 10 digit alpha numeric number. The entire procedure for this is explained in the advisory letter issued by CBDT.

Electronic filing of first appeal before CIT(Appeals)

Government of India

Ministry of Finance

Department of Revenue

Central Board of Direct Taxes

PRESS RELEASE

New Delhi, 30th December, 2015

Subject: Electronic filing of first appeal before CIT(Appeals) – reg.

It is the endeavour of the Income tax Department to digitise various functions of the

Summary of the Constitution (One Hundred and Twenty-Second Amendment) Bill, 2014 (GST)

The Constitution (One Hundred and Twenty- Second Amendment) Bill, 2014 was introduced in the

Lok Sabha on December 19, 2014 which seeks to amend the Constitution to introduce the goods and 

services tax (GST). Consequently, the GST subsumes various central indirect taxes including the 

Central Excise Duty, Countervailing Duty, Service Tax, etc. It also subsumes state value added tax, 

octroi and entry tax, luxury tax, etc.

Accounting code for payment of Swachh Bharat Cess

Swachh Bharat Cess is leviable on all taxable services, other than services which are fully exempt from Service Tax or services which are otherwise not liable to Service Tax under section 66B of the Finance Act, 1994, at the rate of 0.5% [notification No.22/2015-ST, dated 6^th November, 2015 refers].

Accordingly, accounting codes have also been allotted by the Office of the Controller General of Accounts for the new Minor Head “506-Swachh Bharat Cess” and new Sub-heads as under:

Swachh Bharat Cess on Taxable Services w.e.f. 15-11-2015

Central Boar of Excise & Custom i.e. CBEC on the eve of Deepawali (i.e. on 6^th November)  notified that Swachh Bharat Cess would be applicable @ 0.5% on value of all taxable services and same shall be effective from  15^th November 2015.

Swachh Bharat Cess on services where Abatement is Available:-