Unique pin code allotted to CPC Bangalore for submission of ITR V

A unique PINCODE 560500 has been allotted to Centralized Processing Centre CPC Income Tax Department located in Bengaluru by the Department of Post Taxpayers can henceforth address their mails to Centralized Processing Center Income Tax Department Bengaluru 560500 for the purpose of submission of IT

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

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Experts Opinions

Tds on sale of property

foreign resident he get capital loss on sale of property in india is there any need to deduct tds on the income

Interest on TDS and Indirect Tax

With reference to law or pronouncements please clarify whether Interest on late payment of TDS and ANY Indirect tax covered under disallowance under 40 a ii


Sir there was a mistake in the TDS Return filed We have wrongly mentioned the name of a person instead of another in the tds return so what should we do to correct the mistake so that the right person will get the tax credit instead of the one who has been mentioned in the return Should we revise th

Tds u/s 194h

1 One of My client liable to deduct tds u s 19H i e TDS On Commission I want to know the thresold limit is applicable for payment made to one party or for all party to whom payment is made 2 If payment made partly in may 2016 and partly in march 17 what would be the threshold limit or at which tds d

Very very imp-tds on 1% property

if individual person has bought flat Rs 78 lacs there two seller brother sister and two buyer husband wife as per sales agreement sales agreement made on 2 03 2017 first payment made on 8th march and second payment made on 2 Apr and remaining two installmentl wil be made including housing loan amoun


tds rate chart

what is the tds deduction rate for the ay 18 19

How to pay amount for tds u/s 195

How to Pay Amount for TDS u s 195

How to pay amount for tds u/s 195

How to Pay Amount for TDS u s 195

Tds deducted by ecommerce platform under current gst guidelines

I am small business owner sole Proprietor of an ecommerce firm TDS is deducted by the Ecommerce platforms on which I sell Now I am unable to understand how to file tax and returns under the new GST guidelines Previously i used to file my vat under DVATs guidelines quaterly and then used to file for

TDS on salary remittance date

What is the due date for remittance of TDS from Salary for month of March in case of LIC

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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 : 4/25/2017 7:36:09 PM

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