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 on rent


Dear Experts we are trade union pan is registered under Association of persons My query is that we are paying office rent to owner Rs 16500 from April to till date for each block having 2 blocks and agreement with 2 owners In the month of Feb 2017 we have crossed the basic exemption limit of Rs 1800

IS tds is required on purchase of printing and stationary


IS tds is required to be deducted on purchase of printing and stationary

TDS intimation u/s 200A


Whether TDS return filed at Incometaxindiaefiling gov in is issuing the intimation u s 200A just like when we filed return to TDS intermidiary and then intimation is being sent by TDS CPC

Tds on salary


Dear Sir My query is suppose an employee get salary of Rs 65000 per month I just want to know what amount of TDS deduct on his monthly salary What amount should pay the employer to his employee that month

Tds on on interest component of compensation awarded


I was awarded compensation of Rs 13 00 000 lakhs with interest 6 pa Insurance Company challenged the said award and the compensation was upheld by the High Court Rs 13 00 000 plus interest of about Rs 6 lakhs was deposited by the insurance Company in November 2016 However Insurance Company has effec

Discussion

Tds

Is TDS deducted on purchase of Fixed asset and what if it is a case of work contract

ISCA AMENDMENTS FOR MAY 17

Are there any amendments for May17 attempt from Nov 16 attempt in ISCA

Tds under 400

I made a payment of interest for late payment of tds on salary on 24 02 2016 I tried to seek the challan status in Traces but this payment is not reflected in traces Please advice if there is a normal time delay and also whether this is the place to check the status of a tds challan

Penalty on late filing of tds return.

Is penalty amount challan details mandatory to be shown while filing return after due date I f no then reason for the same

Refund of unclaimed tds of ay 2013-14

Tds of assesse e g Rs 100 has been deducted twice Rs 100 2 200 for same transaction by one company in AY 2013 14 But assesse has claimed taken credit only once Rs 100 in that AY Balance tds not claimed till date Now my query is how can it be claimed Can we ask refund by filing current years ITR or w

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File Download

  • CA Final DT - May 17 Amendments by CA Bhanwar Borana

    CA Final MAY 2017 Direct Tax Amendments by CA BB Amendments Video Lectures Available https www youtube com channel UC1hiArEnKJ4RWxIOVerh6Zg
  • Amendment in Module 1 (Al Subject) & Module 2 (Ethics)

    There are few amendments in Module 1 Module 2 subject respectively in the C S Professional exam for June 2017
  • CA Final - DTL - Amendments/ Case Laws - May/ Nov 2017

    A summary of amendments and selected case laws for CA Final DTL By CA Ashish Goyal Advocate Indore
  • Audit Amendments Notes for May 2017 Exams

    Audit Amendments Notes for May 2017 Exams
  • For CA/ CS/ CMA_DT Final_Series 2_FinanceBudget2017 Analysis

    The file contains Decoding of Finance Budget 2017 with Key Analysis and Practical Illustration Series 2 by Anuraag Singhaal CA 2005 CPA 2008 For any further clarification you can reach out at anuraagsinghaal outlook com India Finance Budget 2017 Analysis alongwith Examples In Series 2 following sections where amendments are proposed in India Finance Budget 2017 are analyzed The amendments are analyzed alongwith illustrations Capital Gains on sale of unlisted shares by non residents Section 112 Exemption of income of Chief Minister s Relief Fund or the Lieutenant Governor s Relief Fund Section 10 23C Correct reference to FEMA instead of FERA Section 10 4 Tax exemption to partial withdrawal from National Pension System NPS Section 10 12B Rationalisation of deduction for NPS for self employed individual Section 80CCD Restriction on set off of loss from House property Section 71 3A Reason to believe to conduct a search etc not to be disclosed Section 132 132A Power of provisional attachment and to make reference to Valuation Officer to authorised officer Section 132 Rationalisation of the provisions in respect of power to call for information Section 133 Extension of the powers to survey Section 133A

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Articles

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


Proposed amendments in Direct Tax - Budget 2017


The Honble Finance Minister Mr Arun Jaitely has presented Union Budget 2017 on February 1 2017 A brief summary on proposals made in direct taxes as under Amendment in tax rates 1 Surcharge at the rate of 10 shall be levied from AY 2018 19 if income of an individual HUF AOP BOI and AJP exceeds Rs 50


Direct Tax Amendments for CA IPCE May 2017 Exams


Basic Concepts Rates of Taxes In the case of a domestic company i Where the total turnover or gross receipt in the previous year 2014 15 does not exceed Rs 5 crore 29 of the total income ii In case of other domestic companies 30 of the total income Surcharge The rates of surcharge applicable for P Y


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Updated on : 2/25/2017 1:02:12 PM


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