TDS Calculator


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

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

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Experts Opinions

TDS on printing bill

Hi Is TDS deducted on printing material supplied by a printer The printer charges VAT on the same

Tds interest paid

My TDS interest liability was on both head i e Salary Non Salary but in mistake i made payment on Non salary head can i adjust the payment challan of interest with Salary head

Tds on purchase of building

Hi if we purchase building and 1 tds we deducte and pay to govt it can refund Thanking

Claiming tds against card game (194b section)

Hi all Classic rummy has deducted 16k as tds where as I didnt pay any tax upto now So I dont have idea how to claim that amount Whatever I deposited amount I done it with credit card and even I lost more than winning amount So I cant even think of losing this money Im residing in rented house and my

Applicability of tds

One of my clients is having turnover of Rs 1 50 crore in FY 2016 17 and he does not want to declare profit 8 under section 44AD So he has to get his account audited by CA under section 44AB Now I want to know whether tds provisions will be Applicable to him for FY 2017 18


Tds on director's remuneration

In a private limited company if there is a director whose remuneration is below the basic exemption limit of 250000 but income from other sources are above that limit then whether TDS needs to be deducted on the remuneration and how If the companytakes a stand that since the remuneration is below 25

Tds on finance charges (non bank)

Sir Finance charges on vehicle loan from non banks is liable to deduct TDS

Tds on transporter

Please tell me if I am paying to a transporter an amount exceeding threshold limit and I have received the declaration regarding less than 10 trucks then do I need to show that entry in the TDS return along with the tag TDS is not deducted due to declaration received Or alternatively I have to skip

Tds deduction & voucher making

Sir Sirs Please slove my query Situation Company A approched X Properties Consultant and acquired 5BHK Unit No 6P Hfor setting up his office They charged the co invoice as like this Brokerage charges Rs 375000 Service tax 15 Rs 56250 Total 4 31 250 a On which amount the co can deduct TDS b Here ST i

Tds applicable on purchase of software

We have given project to one vendor to provide accounting software he will install that software in our server and yearly charge maintenance my question tds applicability on such software and Maintenance

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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

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

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Updated on : 1/20/2017 6:23:08 AM

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