TDS CPC

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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

Cabinet approves Implementation of the recommendations of 7th Central Pay Commission


The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved the implementation of the recommendations of 7thCentral Pay Commission CPC on pay and pensionary benefits It will come into effect from 01 01 2016 In the past the employees had to wait for 19 months for the implementatio

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

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Experts Opinions

Unconsumed challans of tds


Shall i use unconsumed challans of tds in current tds return or what should to do with unconsumed challans of tds and i e of excess payment of interest

Tds under deduction certificate


SIR PLEASE LET ME KNOW THE PROCESSOR OF TAKING CERTIFICATE FOR UNDER DEDUCTION OF TDS EXAMPLE TDS 2 BUT DEDUCTION 5 pLEASE LET ME KNOW THE PROCESSOR ASAP THANKING YOU

Online tds return correction


we can online correct the late payment interest 234 e default without digital signature my query is can we correct the default of short deduction through online correction or we hv to do by downloadng conso file n submitting to nsdl agency

Tds


When an individual is required to apply for TAN May TAN be alloted to an individual

TDS for hiring banquet hall.


My client has hired a banquet hall and invoice for the same consists of Projector charges and Buffet charges under which section TDS shall be deducted 194I or 194C

Discussion

Tds applicable on section 44ae.

Sir My client will make a IT file by filling ITR 4s Section 44AE on his income of rent from hiring tata ace in a company Company is paying approx Rs 22 000 25 000 p m in cheque or on account Section 194 C or 194I will applicable on it Please guide me anyone

Disallowance of expenses in audit report due to non deduction of tds

Assessee liable under compulsory audit u s 44AB has paid job work expenses to one company But the TDS was not deducted Hence expense u s 40A will be disallowed My question is In which point disallowance should be made In Point 21 b ii or point 34 a or both in form 3cd

Tds on expense booked against provision. tds challan

FY 2012 13 AY 2013 14 A company An year end provision Mar 31 2013 was kept for Professional fees as per mercantile system of accounting to get true and fair view of PL Rs 100 Entry Professional fee Expense GL Dr 100 Outstanding Liability Liability Balance sheet GL Cr 100 Expense was duly disallowed

Tds on expense booked against provision. tds challan

FY 2012 13 AY 2013 14 A company An year end provision Mar 31 2013 was kept for Professional fees as per mercantile system of accounting to get true and fair view of PL Rs 100 Entry Professional fee Expense GL Dr 100 Outstanding Liability Liability Balance sheet GL Cr 100 Expense was duly disallowed

Tds deducted under wrong major head

I have deducted and paid TDS under section 194J of company under major head code of non company the tds amount is properly deducted 10 it is for the month of november 2016 now what is the remedy will any error will get reflected while uploading TDS returns for 3rd Qtr of FY 2016 17 Kindly guide

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Articles

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 : 1/14/2017 10:03:11 AM


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