tds amendments

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Cabinet approves moving of official amendments to The Companies (Amendment) Bill, 2016


Cabinet approves moving of official amendments to The Companies Amendment Bill 2016 To be Tabled in Parliament The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved the proposal to move official amendments to the Companies Amendment Bill 2016 The Bill will be introduced in

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

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Experts Opinions

Tds form 16


Under Form 16 details of challan show Status of matching with OLTAS is UNMATCHED amount of tds show BSR Code show Challan serial No show date of tax deposit show what is mean UNMATCHED 26AS not show such tds amount is it require to contact deductor regarding

Can tds can be adjusted from vat under west bengal vat act


Some government authorities had deducted TCS over material supply can we adjust it from our Vat payable under west Bengal commercial tax act In quarterly return we had shown in under sr no 42 what entry will be done in booms of account so that my return data match with books

Tds defaults payment


Please advise how to pay TDS Defaults Interest for late payment and late return filing What is the type of payment Is it 200 or 400 And what is the nature of payment We have defaults in 24Q 26Q Please advise

Tds on entry fees


whether tds applicable on entry fees paid by the company to a club for arranging customer meet

Tds deduction on travel agency


If a travel agent company is billing separately for separate services like 1 For Hotel Booking 96480 2 For Air Ticket 50152 3 For Car Rental 13187 4 For Seat selection 800 and total amount is exceeding 160000 Rs than should TDS be deducted on such agency and if yes than under which section

Discussion

Tds impact after gst

plz anyone answer me If my company received a manpower service from XYZ Pvt Ltd for Rs 5 lacs Then should i need to deduct TDS two times one under 194C of Income Tax Act 2 and another 1 undreSection 51 of GST

Applicability of tds 194i

payment made to hotel room bookings lodging is considered for TDS as rent under section 194i IF yes please elaborate

Interest on Late Deduction of TDS

Dear Team i have 1 Question on Late deduction of TDS if the TDS was deductible in September 16 and deducted in March 17 and paid the same in May 17 then what will be interest rate on the same Please suggest me Thanks

TDS SECTION APPLICABILITY ON RENTAL PAYMENT TO THE SIM CARD GPRS SYSTEM ON A OWN & HIRED COMPANY VEHICLES

Dear Experts please guide in respect of TDS applicability on taken of services of GPRS on a self own or hired vehicles running at our organization We are applying 194C but we are confused to apply sec 194 J or 194 I

Tds on 194c

Payment is made to a Travel agent for booking air ticket boarding and lodging local sight seeing and for arranging VISA bill amounting to Rs 190 000 and Service Charges of Rs 1000 Is TDS to be deducted on Rs 190 000

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Articles

TDS defaults when amount is payable to a Resident


In my earlier article I have made a discussion about the disallowance when the amount is payable to a non resident foreign company but TDS is not deducted by the payer Section 40 a ia deals with the situation when the amount is payable to a resident Herein also we will discuss the complete scenario


TDS default on payment to Non Resident


DISALLOWANCE U S 40 a i of the Income Tax Act 1961 TDS DEFAULT ON PAYMENT OF ANY NATURE OTHER THAN SALARY TO A NON RESIDENT FOREIGN COMPANY In this article I am going to have a discussion on Section 40 a i of the Income Tax Act 1961 Which deals with disallowance of certain business expenditure in ca


Rajya Sabha passes all four GST Bills without amendments


On Thursdayi e April 6 2017 the Rajya Sabha has passed four supplementary GST legislations without amendments by a voice vote as all parties were on board The four Bills are as under The Central Goods and Services Tax Bill 2017 The Integrated Goods and Services Tax Bill 2017 The Goods and Services T


Significant Amendments proposed in GST Bill as introduced in Parliament on 27th March, 2017


Government is not leaving any stone unturned to get the GST implemented from 1st July 2017 Now with the Introduction of GST Bill in Parliament it now appears certain that India will be headed for a GST rollout from 1ST July 2017 Government earlier on June put in public domain the Model GST Law for s


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


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Updated on : 5/23/2017 9:34:11 PM


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