Wednesday, December 31, 2014

Error " Application blocked by deployment rule set" TDSCPC Website: Online TDS Correction

We receive an error message that the " Application blocked by deployment rule set" when we try to correct the TDS return on line on the website of www.tdscpc.gov.in This error is due to the fact that either the JAVA version is not updated or the URL https://downloads.tdscpc.gov.in has not been added in the JAVA Exception site List.

To Add this following are the steps

1. Go to the Control Panel- Program

2. Go to Java and open it 

3. Go to the Security Tab of Java and got to Edit Site List

4. Add https://downloads.tdscpc.gov.in and Press ok

Now you will be able to submit your corrected file to TDS CPC  online after digital signatures.


Sunday, December 28, 2014

How to check Income Tax Refund Status in India Online?

1. Go to the Link : Check Income  Tax refund Status

2. Enter PAN (Permanent Account Number) of the Person for whom you want to check the Refund Status

3. Enter the Assessement Year (It is the year next to the Financial Year) e.g if you had earned/ received the salary or any other Income during 1st April 2013 to 31st March 2014 than your Financial Year (FY) is 2013-14 and the Assessement Year is 2014-15 as the income us earned during the Financial year and Assessed in the next year.

How to Pay TDS(Tax Deducted at Source) Online in India

Procedure to Pay on line TDS in India :Challan No / ITNS 281

Friday, December 5, 2014

All aboutt Permanent Account Number (PAN):


Process to fill PAN Form




Download PAN Form: 49A

How to Apply PAN car On line :-


Section 269T Repayment of Loans or Deposits

42[Mode of repayment of certain loans or deposits43.
269T. No branch of a banking company or a co-operative bank and no other company or co-operative society and no firm or other person shall repay any loan or deposit made with it otherwise than by an account payee cheque or account payee bank draft drawn in the name of the person who has made the loan or deposit if—
(a)  the amount of the loan or deposit together with the interest, if any, payable thereon, or
(b) the aggregate amount of the loans or deposits held by such person with the branch of the banking company or co-operative bank or, as the case may be, the other company or co-operative society or the firm, or other person either in his own name or jointly with any other person on the date of such repayment together with the interest, if any, payable on such loans or deposits,
is twenty thousand rupees or more:

Thursday, December 4, 2014

Section 269SS : Accepting Loans and Deposits

35[Mode of taking or accepting certain loans and deposits.
36269SS. No person shall, after the 30th day of June, 1984, take or accept from any other person (hereafter in this section referred to as the depositor), any loan or deposit otherwise than by an account payee cheque or account payee bank draft if,—
(a)  the amount of such loan or deposit or the aggregate amount of such loan and deposit ; or
(b)  on the date of taking or accepting such loan or deposit, any loan or deposit taken or accepted earlier by such person from the depositor is remaining unpaid (whether repayment has fallen due or not), the amount or the aggregate amount remaining unpaid ; or
(c)  the amount or the aggregate amount referred to in clause (a) together with the amount or the aggregate amount referred to in clause (b),
is 37[twenty] thousand rupees or more :

Wednesday, December 3, 2014

Section 194-IA. TDS on Immovable Property

86a[Payment on transfer of certain immovable property other than agricultural land.
194-IA. (1) Any person, being a transferee, responsible for paying (other than the person referred to in section 194LA) to a resident transferor any sum by way of consideration for transfer of any immovable property (other than agricultural land), shall, at the time of credit of such sum to the account of the transferor or at the time of payment of such sum in cash or by issue of a cheque or draft or by any other mode, whichever is earlier, deduct an amount equal to one per cent of such sum as income-tax thereon.
(2) No deduction under sub-section (1) shall be made where the consideration for the transfer of an immovable property is less than fifty lakh rupees.
(3) The provisions of section 203A shall not apply to a person required to deduct tax in accordance with the provisions of this section.
Explanation.— For the purposes of this section,—
(a)  "agricultural land" means agricultural land in India, not being a land situate in any area referred to in items (a) and (b) of sub-clause (iii) of clause (14) of section 2;
(b)  "immovable property" means any land (other than agricultural land) or any building or part of a building.]

86a.  Inserted by the Finance Act, 2013, w.e.f. 1-6-2013.

TDS is to be deducted on total amount: