TDS Calculator

News

GST not to be added for TDS computation : CBDT


F No 275 59 2012 IT B Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes North Block New Delhi Circular No 23 2017 Dated 19th July 2017 Subject Modification of Circular No 1 of 2014 in view of substitution of Service Tax by Goods and Services Tax GST The Cent

Provision relating to TDS and TCS in GST postponed to help Ecom companies


With the objective of ensuring smooth rollout of GST and taking into account the feedback received from the trade and industry regarding the provisions of deduction of tax at Source under Section 51 of the CGST SGST Act 2017 and collection of tax at source under Section 52 of the CGST SGST Act 2017

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

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Experts Opinions

Bank deducted tds on nre fixed deposits by mistake


I came to know on 17th July 2017 that there was TDS deducted at the rate of 20 from TDS s certificates for the FY 2015 2016 Rs 46k and FY 2016 2017 Rs 20k total to Rs 66k for my NRE fixed deposit alrady matured in August 16 I am requesting the bank to reimburse my TDS deducted by mistake on income I

Tds payment


Dear Sir Can Last year F Y 2016 17 TDS Payable amount can be paid in the current year 2017 18 can be able to claim by the other party for whom it is receivable Please help me in this issue

Tds


Are we liable to deduct TDS on payment of professional fee paid to a foreigner for providing service in india

Bill booking for tds


We have hired a godown for rent from 20 7 17 to 19 8 17 He has submitted the bill on 19 8 17 Should the bill be booked in July 17 or Aug 17

Tnvat - wct tds


We have received JUN month bills Prior to GST regime in the current month for processing kindly clarify whether we have to deduct WCT TDS under TNVAT Act and remit to the TNVAT dept

Discussion

Advance payment of tds

We are an association I would like to know if we can pay advance payment of Tax Deduction to Government Is there any provision to adjust against the actual deductions I am trying to avoid the late payment that we need to pay due to misses in the deadline of 7th of the month I can plan to pay some am

TDS Chart F.Y. 17-18

Please Send TDS rate Chart for F Y 17 18Please send Excel file or Link I Can Download please send fast mo 9978978514

Tds & TCS criteria in Gst

In which condition tds and tcs will be deducted in Gst What should be impact of tds and tcs in Gstr 1 2 3 3b etc What will be the impact of gst in tds and tcs return

Tds applicability on payment to company in nepal

Hi Pleae suggest on the below If the service provider is based in Nepal the services comsumed in Nepalby the Indian company then whether the Indian company needs to deduct the TDS at the time of payment if yes then what is the percentage alsowhether Indian Company needs to pay GST on RCMbasis in thi

Tds payment paid by society

if society has to pay TDS on contract Payment amount is less than 1000 per month Can we pay through manual challan What exact rules for manual online payment pl advise Thanks in advance

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File Download

  • Automatic Invoice Software in Excel (GST compliant)

    Full Fledge Billing Software for Business 1 Complete Billing Software 2 100 GST compliant with format published by GST Council 3 Retail and Tax Bill Bifurcation 4 Automatic applicable IGST CGST and SGST calulation 5 Transfer all bill data to another sheet automatically for analysis 6 Automatic Challan Generation 7 Perfect Print Setup 6 One Click Printing 7 One Click Back up of each invoice in different Folder 8 Back up will be retail bill wise and Tax Bill Wise 9 Completely working based on formula 9 Flexible Formulas 10 Full Customized 11 Client Database with each and every detail 12 No need to input details of party every time 13 only put x in the first column of database and all the details will be transferred to invoice sheet Filters will not work in trial version Pro Version 1 Automatically cloud backup of all invoices 2 Automatic GST rate calculator based on HSN Code will be available as soon as GST rates are published 3 Automatic GST rate calculator based on Name of Goods 4 Monthwise analysis of Party wise sales month wise IGST SGST CGST liability calculation 5 1 week trailing for GST return filing and this software with the fulfillment of the custom requirement of business 6 Automatic transfer of sales invoice data in the form of outward return of GST outward return is to be filled in form GSTR 1 every month 7 Free 1st GST return filing
  • Updated Details Collection Excel for GST Return GSTR-3B

    As everybody is aware the GST Returns for every month needs to be filed by 20th of subsequent month As the regular outward and inward annexures and return GSTR 3 are not yet made available for the months of July and August 2017 a summary return in Form GSTR 3B needs to be filed before 20th of next month An excel sheet for obtaining the details required to fill the GSTR 3B is prepared as the GSTR 3B needs to be prepared and submitted online only as offline utility is not provided yet Basic features of the excel sheet are as follows 1 The details need to be entered in the yellow colored cells only 2 If any incorrect information is entered in the cell the contents of the cells appears in red color Please correct the same to get proper working 3 While entering the details of outward supplies and inward supplies in Table 3 1 select the proper nature of supplies from the drop down wherever it is provided 4 The Integrated Tax Central Tax and State UT Tax is calculated automatically depending on the figures entered under Inter State or Intra State columns and the Rate selected from drop down 5 Cess needs to be entered manually 6 Table 3 2 contains details of state wise inter state supplies to unregistered dealers composition dealers and UIN holders Select the Nature of inter state supplies and state from drop down 7 In Table 3 2 Total taxable value and integrated tax should be less than the taxable inter state supplies and integrated tax shown in Table 3 1 above 8 Details of ITC available ITC reversed and Ineligible ITC needs to be given in Table 4 The description mentioned in yellow cells is given for reference only and can be changed as appropriate in respective case 9 Tax payable in Table 6 1 is auto calculated and arrived by adding the tax payable as per Table 3 1 and deducting the net ITC available and adding ineligible ITC as shown in Table 4 10 The Tax payable figures in Table 6 1 appears in red color if there is net tax payable after adjusting payment through ITC TDS TCS and payment in cash 11 Similarly The Tax payable figures in Table 6 1 appears in red color if interest and late fee payable is greater than the tax paid in cash as the same needs to be paid by cash and can not be paid through ITC 12 The TDS and TCS credit is not applicable at present as the said provisions are not made applicable presently till further instructions
  • GST Payment Calculator

    Please give feed back to this calculator I hope it will help to find your GST liability help full to calculate Tax
  • Full TDS descriptive rate Chart

    TDS Rate chart having rates for residents as well as non residents
  • Income Tax Calculator FY 2016-17 AY 2017-18

    Calculates Income Tax For FY 2016 17 AY 2017 18 For Individuals HUF Firms And Companies in a very easy and friendly manner The size of this updated excel utility is just 15 KB This is only a Tax Calculator and it does not compute your Taxable Income In case of any queries or feedback please email me at ca prakashdugar gmail com

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Articles

No TDS on GST when it is Shown Separately in the Invoice


Central Board of Direct Taxes CBDT had issued Circular No 1 2014 dated 13 01 2014 wherein it was clarified that TDS under Chapter XVIl B of the Income Tax Act 1961had to be deducted on the amount paid or payable without including Service Tax component ifservice tax component comprised in the amount


TDS under GST


Tax Deduction at Source is a system in which as soon as you earn you have to pay certain percentage of the amount being deducted by the recipient at the time of making payment to the supplier It helps in ensuring regular cash inflow to government The tax would be deducted 1 of the payment made to th


TDS under GST


Tax Deduction at Source TDS is a system initially introduced by the Income Tax Department It is one of the modes methods to collect tax under which certain percentage of amount is deducted by a recipient at the time of making payment to the supplier It is similar to pay as you earn scheme also known


TDS Obligation under existing law and under GST


The following article contains a brief analysis of the TDS obligation under existing laws and GST TDS obligation Section 51 of the CGST SGST Act Sl Elements Under existing Law Proposed under GST 1 Acts Governed Respective state VAT laws CGST SGST Acts 2 Type of Contract Works Contract Any Contract 3


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


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Updated on : 8/21/2017 3:58:20 AM


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