tds amendments

News

New TDS RPU and FUV utility released


New versions of e TDS TCS Return Preparation Utility RPU and File Validation Utilities FVUs are applicable from February 23 2017 onwards and available at https www tin nsdl com etds etcs eTDS download regular php 1 RPU Version 1 9 Java based For preparing and validating e TDS TCS Statement s and als

Strengthening of PAN quoting mechanism in the TCS regime


Statuary provisions for deduction of tax at source TDS at higher rate of 20 or the applicable rate whichever is higher in case of non quoting of Permanent Account Number PAN is provided under section 206AA of the Act and it exist since April 2010 PAN acts as a common thread for linking the informati

TDS rates reduced to 2% u/s 194J for call center business


Simplification of the provisions of tax deduction at source in case Fees for professional or technical services under section 194J The existing provisions of sub section 1 of section 194J of the Act inter alia provides that a specified person is required to deduct an amount equal to ten per cent of

Proposal to provide for grant of interest in case of refund of excess payment of TDS


Finance Minister announces several anti graft and rationalisation measures in the field of Income tax Accountants or merchant bankers furnishing incorrect information to face penalty Income of the Chief Ministers Relief Fund and the Lieutenant Governors Relief Fund to be exempt from tax Concessional

Annual Improvements to IFRS Standards 2015-2017 Cycle


Exposure Draft issued by the International Accounting Standards Board the Board on proposed amendments to three Standards for public consultation as part of its annual improvements process The document contains proposed amendments to IAS 12Income Taxes IAS 23 Borrowing Costs and IAS 28 Investments i

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Experts Opinions

Tds is deduction on sale of agriculture land


Sir i Recently Sold one of my Agriculture land which is not covered under Capital Asset Definition But Seller due to Lack of Knowledge he Deducted TDS on Such Sale value Since it is higher than Limit Specified under TDS on Sale of Immovable Propery How Can i Claim my TDS amount

Tds on salary


Dear Experts Please tell me should we deduct tds on salary on salary provision We have not paid any salary so far but want to make provision Please help me out

Tds on rent 194i


Sir Ma am My client is having airtel stores at three different locations These stores are taken on rent at the amount 144000 180000 96000 p a which is paid to different store owners who are individal Now my query is whether such amount will be considered together or separately for computing TDS 194

Tds on purchase of property


I ajd purchased a flat in march 2016 and filed tds under 26qb online the same is refelcted under by wife 26as she is a joint holder i have chalan 280 copy now it Department is saying that i have filled under wrong head And i have to pay interest Kindly help

Tds


Dear sir I have one query An individual is getting brokerage fee on sourcing of a client while making payment i have deducted tds u s 194H and again is it required to be deducted U s 192 Pls clear my doubt Thanks Ziya

Discussion

Tds on property (section 194 ia)

Sir My client has made payment for immoveable property as under Before June 2013 120 00 Lacs June 2013 onwards 19 00 Lacs Registry for Rs 139 00 lacs made on January 2017 Please let me know the applicability of section 194 IA Thanks Please note Buyer adns eller are residents and property is 3 BHK fl

How to get pf tds refund after pf withdraw case after 5 year

Dear Team I have worked for 3 organization and maintaining my balance since 11 Sep 2009 till 09 Dec 2016 When I have left my 3rd organization then raised a PF withdraw case as now leaving outside India but they have deducted 70K for TDS amount even though after I have completed 5 years of service 1s

Tds correction for f y 2006-07

How to correct the e TDS for the financial year 2006 07 In traces shows only 2007 08 onwards

Tds challan

Can i use a single cheque for payment of two Challan of TDS 281

Tds return filing

ccolumn in From no 27 A media return for the return of statement total no of media enclosed what details to be put

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Articles

CA IPCE Amendments in Indirect Taxation


Basic Concepts of Indirect Taxes UNIT 2 Central Excise Duty 1 Excise duty of 1 without CENVAT credit or 12 5 with CENVAT credit has been levied on articles of jewellery excluding silver jewellery A jewellery manufacturer will be eligible for exemption from excise duty on first clearances upto Rs 10


CA IPCE DT amendments relevant for May 2017 Exams


Basic Concepts Clarification regarding attaining prescribed age of 60 years 80 years on 31st March itself in case of senior very senior citizens whose date of birth falls on 1st April Circular No 28 2016 dated 27 07 2016 An individual who is resident in India and of the age of 60 years or more senio


Audit Amendments Notes for May 2017 Exams


CA IPC Audit Amendments May 2017 Amendments Company Audit I Sec 139 to Sec 148 1 Sec 139 Rotation of Auditor Old Provision Provided also that every company existing on or before the commencement of this Act which is required to comply with the provisions of this sub section shall comply with the req


Budget 2017 - Amendments in mega exemption notification at a glance


Although the Finance Minister said in its speech while presenting the Union Budget 2017 that I have preferred not to make many changes in current regime of Excise Service Tax because the same are to be replaced by GST soon But still some changes have been made in the Service Tax Law Out of these cha


Proposed Amendments in International Tax in Budget 2017 - Synopsis


1 Clarity relating to Indirect transfer provisions Section 9 1 i Explanation 5A has been proposed to be inserted in section 9 1 i to clarify that Explanation 5 shall not apply to any asset or capital asset mentioned therein being i investment held by non resident directly or indirectly ii in a Forei


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Updated on : 3/25/2017 5:36:08 AM


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