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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

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

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Experts Opinions

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

How much tds on software purchase


Hi we have purchase ORACAL Software for 4 year They have charges 2 CST on full Amt also charged 15 Service Tax on full amt Kindly suggest how much TDS should we deduct

Tds demand of previous years


Dear Experts one of our party has received demand for FY 2007 08 but they have no record of that year On checking online we can see the demand of rs 4000 pertaining to short deduction and late interest in 26 Q Our query is under which section we can pay the demand as we donot have any data of that y

Tds


my client deducted lessor TDS by mistake what should i do now i can claimed full deduction on this amount if i collect lessor TDS

Discussion

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

Error in etds filing

I am trying to file TDS return for Q4 online using my DSC But when i try to attach signature file generated error comes as upload a valid signature please help me to solve this issue

Tds on payment of commission on sales to director (honour)

Dear Sir Madam We are paying Commission on Sales to our Director as well as Salary Can you please confirm that TDS will be deducted on commission part u s 192 or 194H Thanks in Advance

How to enter data in itr2 tds item 18c

For Fixed Deposit if we have FD interest realised and FD interest accrued how do we enter that data in ITR2 Schedule TDS in 18C Column 7 says TDS of Current Fin Year Column 8 says In own hands Can data in Column 7 and 8 be equal when interest was accrued but notreceived in own hands

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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


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


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


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Updated on : 5/23/2017 11:35:25 AM


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