tds amendments

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Applicability of amendments for May 2017 CA exams


Applicability of Standards Guidance Notes Legislative Amendments etc for May 2017 Intermediate IPC Examination Paper 1 Accounting Accounting Standards AS 1 Disclosure of Accounting Policies AS 2 Valuation of Inventories AS 3 Cash Flow Statements AS 7 Construction Contracts Revised 2002 AS 9 Revenue

Next Level of TDS Compliance in Year 2017


Dear Deductor Centralized Processing Cell TDS wishes you Seasons Greetings and a Very Happy New Year 2017 The past year witnessed a fantastic journey for CPC TDS in many ways with your valued partnership as our key stakeholders While we observed all round healthy improvement in TDS Compliance throug

ICAI invites suggestions on revised Model GST Law


Your feedback concerns and suggestions received on Model GST Law were communicated and as can be seen many amendments are due to the suggestions made by us CBEC has now releasedrevised draft Model GST Lawin the public domain The same can be viewed at the below link http idtc icai s3 amazonaws com do

SMS service launched for salaried persons about their TDS deductions


FM Better tax payer services key to direct tax reforms Launches SMS Alert Service for about 2 5 crore private and Government salaried employees in order to directly inform them about the deposit of tax deducted at the end of every quarter The Union Finance Minister Shri Arun Jaitley said that better

New TDS/TCS RPU and FVU versions released


Due date for filingQuarterly TDS TCS statement for Q1 April to June of FY 2016 17 isJuly 31 2016for all the categories of Deductors Collectors Do submit quarterly TDS TCS statement on or before due date to avoid late filing fee under section 234E of Income Tax Act In order to locate the nearest TIN

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Experts Opinions

tds mismatch


I have filled irt 4 in due date for commission Income without balance sheet or p l a c but it seems defective notice u s 139 9 I agree to give response against defective notice i have also prepared balance sheet or p l a c but I checked 26 as TDs and commission has been increased then I confused wha

Tds u/s 194da


TDS of Rs 3900 is reflected in 26AS form for a receipt of Rs 195000 from Life Insurance Corporation of India Normally LIC Maturity proceeds are exempt u s 10 10D Is this receipt of Rs 195000 tax free or taxable If yes then what are the conditions applicable for such taxability

Tds on payment to state govt undertakings


Hi Can someone plz suggest if TDS is applicable on payment 194C to State Govt Undertakings Thanx Regards CA Paras Gupta 9888212416

Tds


Hi all A company applied for TAN in the month of Dec 16 and started deducting TDS from said date however it received it s TAN on 14th Jan 2017 Since the company could not deposit TDS on due date i e 7th Jan 2017 in absence of TAN No Is it required to pay Intrest for said delay

Tds on office renovation expenses


whether TDS need to be deducted on office renovation expenses

Discussion

Tds deducted - tan under approval

Hi all A company applied for TAN in the month of Dec 16 and started deducting TDS from said date however it received its TAN on 14th Jan 2017 Since the company could not deposit TDS on due date i e 7th Jan 2017 in absence of TAN No Is it required to pay Intrest for said delay

Tds applicable on section 44ae.

Sir My client will make a IT file by filling ITR 4s Section 44AE on his income of rent from hiring tata ace in a company Company is paying approx Rs 22 000 25 000 p m in cheque or on account Section 194 C or 194I will applicable on it Please guide me anyone

Disallowance of expenses in audit report due to non deduction of tds

Assessee liable under compulsory audit u s 44AB has paid job work expenses to one company But the TDS was not deducted Hence expense u s 40A will be disallowed My question is In which point disallowance should be made In Point 21 b ii or point 34 a or both in form 3cd

Tds on expense booked against provision. tds challan

FY 2012 13 AY 2013 14 A company An year end provision Mar 31 2013 was kept for Professional fees as per mercantile system of accounting to get true and fair view of PL Rs 100 Entry Professional fee Expense GL Dr 100 Outstanding Liability Liability Balance sheet GL Cr 100 Expense was duly disallowed

Tds on expense booked against provision. tds challan

FY 2012 13 AY 2013 14 A company An year end provision Mar 31 2013 was kept for Professional fees as per mercantile system of accounting to get true and fair view of PL Rs 100 Entry Professional fee Expense GL Dr 100 Outstanding Liability Liability Balance sheet GL Cr 100 Expense was duly disallowed

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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


TDS controversies - Top 25 rulings pronounced in 2016


Dear All We have another 6days for the wonderful year 2016 and as Sam Levenson say Dont watch the clock do what it does and Keep going Over the years the judicial forums have pronounced immense tax litigation involving issues pertaining to TDS I was just trying to recollect which ruling on TDS I sho


Direct Tax Laws Amendments for CA IPCE Nov 16 Exams


Chapter Amendments Basic Concepts No Amendments Residential Status Scope of Total Income In case of Member of Crew of Indian Ship leaving India The following period shall be excluded from the No of Stays in India The Date entered in Continuous Discharge Certificate as JOINING THE SHIP till the Date


Transporters: Whether liable to TDS u/s 194C on Furnishing of PAN?


There were certain amendments which were made in Section 194C 6 by Finance Bill 2009 Amendment made at that time was as follows The Small Transport Operators as defined in Section 44AE of Income Tax Act 1961 not owing more than 10 goods carriages at any time during the year were not liable to TDS u


Key amendments in the passed GST constitutional amendment bill


Goods and Services Tax GST is the biggest indirect tax reform since independence which is aimed at dismantling Inter State barriers to trade in goods and services by subsuming a slew of around 17 indirect taxes viz Excise Duty Service Tax VAT CST Luxury tax Entertainment Tax Entry Tax Octroi etc The


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Updated on : 1/15/2017 5:05:12 AM


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