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

Simplification of procedure for Form 15G and 15H

F No DGIT S CPC TDS DCIT 15GH 2016 174539 Government of India Ministry of Finance Central Board of Direct Taxes Directorate of Income tax Systems New Delhi Notification No 1 2016 Dated 09th June 2016 Subject Simplification of procedure for Form No 15G 15H Clarifications rag The existing provisions o

CBDT will pay interest on refund for excess TDS deposited

Payment of interest on refund under section 244A of excess TDS deposited under section 195 of the Income tax Act 1961

Advisory for TDS on purchase of immovable property

CPC TDS Advisory for Deposit of Tax deducted and Demand for TDS Defaults with respect to Purchase of Immovable Property 26QB Statement cum challan The Centralized Processing Cell TDS provides important tips for the convenience of Taxpayers who have executed any transaction for Purchase of Immovable

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Experts Opinions

Regarding applicability of tds

Dear Sir Mr A is an individual and providing consultancy services to XYZ Pvt Ltd Mr A and XYZ Pvt Ltd have taken a premises on Rent together for office Liability for payment of Rent is 1 3 respectively for Mr A XYZ Pvt Ltd But complete rent is paid by XYZ Pvt Ltd after deducting TDS XYZ Pvt Ltd pays


Sir We purchased one projector of Rs 32000 for conference facilities can i deduct TDS which rate

Tds on yoga

Dear Sir If a gym trainer teaches Yoga and other fitness training to his students in the gym and and get salary from the gym Yoga income and other fitness training income is calculated seperately for the trainer so do we have to deduct the TDS on Yoga income or it will be exempted from taxes

How to clear demand against tds overbook challan

how to clear demand against tds overbook challan Please solve my problem Vaibhav Sir

Tds and st on payment of royalty to govt dept

One of my client is paying royalty amounts as determined by the Department of Mines for use of certain natural resources Query is whether there needs to be TDS deducted and whether ST payable under RCM basis For all royalty payments tds us s 194J would be applicable even though amount paid to govern


TDS cut but not shown in 26AS.

There is a difference between the interest promised while opening a FD and the interest credited after the FD got matured The difference amount is 2288which was neither refunded to us nor it was submitted to the IT department as it is now shown in 26AS The customer is a tax payer and we had to pay t

Tds on salary

Dear Team If employer pay salary 5th of next month then what is due date of tds payment As Nov salary paid by 5th Dec after tds deduction now tds payable due on 7th dec or 7th Jan

Tds return 24q

Amount against Short Deduction is deposited by employees on their PAN in stead of Companys TAN Now Please let me know waht is the process to close short deduction on behalf of company How shall it be adjusted online offline Regards

Tds on lending without interest

payment made received through saving account to friends without interest come under TDS

Issue related to tds challan and return

Hi Members Our company Pvt ltd co is liable to deduct tax U S 194J at the time of making payment to a Professional Consultant In the Q1 of FY 2016 17 a payment has been made on April16 for Rs 50 000 Gross Figure and another payment has been made on June16 for Rs 20 000 Gross Figure Tax has been dedu

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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

Farmers free to "sale" Commission agent / Traders in TDS "trail"

Arjuna Fictional Character Maharashtra Government has changed the working system of farmers Commission agents as well as traders What are the consequences of this in relation to income tax Krishna Fictional Character Arjuna India is agriculture oriented country For getting fair market prices and cus

Complexibility of TDS on Employees

Dear friends I want to share some problems being faced by accountants in the industry who administer TDS on employees of their employers organization U s 192 of Income Tax Act specified employer is required to deduct tax on salaries allowances paid to its employees on average rate of tax payable the

TDS on sale of property @1% under Section 194IA

TDS on sale of property The buyer of an immovable property land flat apartment shop or a bungalow which is valued at Rs 50 lakh or more is required to pay a withholding tax to the government The prevailing withholding tax is deducted at source and is 1 of the consideration payable to the seller It i

Can you trust the online financial calculators?

Yes it is true that financial retirement calculators are simple to use Based on a few assumptions that you input on your computer about the future it instantly provides you with a number that indicates how much one needs for his her retirement This calculation might appear accurate to you in terms o

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Updated on : 12/8/2016 12:17:10 PM


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