TDS CPC

News

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

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 and st on payment of royalty to govt dept


One of my client is paying royalty amounts as determined by the Department of Mines for use of certain natural resources Query is whether there needs to be TDS deducted and whether ST payable under RCM basis For all royalty payments tds us s 194J would be applicable even though amount paid to govern

Tds not deducted interest rate


Dear Sir Our Foreign Group Company raised the invoice every month monthly as a GLOBAL INFRASTRUCTURE USAGE CHARGES from April 16 to Oct 16 we have not deducted the TDS on this service Now in the month of Dec we have deducting the TDS on all invoices from month of April 16 to Oct 16 kindly advise the

TDS ON INTEREST PAID TO NBFC


Dear all Plz let me know what if Tds is not deducted on interest paid to nbfc for the A Y 2014 15 is there is any way or any case law through which we can defend for non deduction of tds

Defective return notice from cpc


Dear Expert Nowadays Defective return notice is issuing by cpc for ITR 4 in which books of accounts not maintained In these type of notice reason of defective return that expenses not shown detail wise while we already declared that books of accounts not maintained So it is not compulsory that expen

Clarification tds deducted epfo on claim settlement


Hi I was working for a private LTD company in Mumbai joined on 01 07 2011 the company terminated all the Mumbai Branch employees on 05th May 2016 with one months notice last working date was 05th June 2016 shut down Mumbai branch my service was 4 years 11 months shortfall of 25 days to complete 5 ye

Discussion

Tds

Dear Experts Please let me know in which month TDS would be deductInvoice period 1st Nov to 30th NovInvoice date 1st DecPlease tell me tds deduct in nov or dec

How to rectify an error in tds when return is filled?

I received an email from depatt regarding TDS short payment and interest shown when i login the tds i tried to download the conso file but error shown in the there is mismatched challan and online correction shown So what is the procedure and how to correct my tds is it necessary to file revised ret

194c tds

Dear Sir I want to Know wheter TDS will be deducted or not on payment to Danik Jagran for advertising but Danik Jagran is not our advertising agency We are making payment directly to Danik Jagran not to advertising agency Thanks

Tds deduction

hello friends I m working as a accountant in a pvt ltd Company is dealing in textile business We give grey for job in factory get back in the form of shirting material We deduct tds on job for the purpose of advertisement how shirt will be looked after stitching so we give for stitching like we prep

Tds

TDS applicable on salary paid to employee If we are paid RS 35000 00 per month to our manager

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File Download

  • MVAT WCT TDS

    This files gives useful details of Maharashtra VAT Works Contract WCT TDS Appliacability Coverage payment Form 402 etc
  • Analysis of Recent Amendments under TDS/ TCS provisions

    The document provides the brief analysis of TDS TCS Withholding Tax related amendments made in Income Tax Act 1961 by Finance Act 2016 Finance Act 2015 relevant notifications circulars
  • TDS applicability on Lump sum lease rent

    Circular on tds applicability on lump sum lease payment
  • TDS Deduction & TDS Interest Calculator

    Calculator for calculation TDS Late Deduction Interest Late Deposit Interest
  • Direct Taxes : PGBP Reference & Revision Notes, Nov., 2016

    Summary notes for PGBP Handwriten Color Coded Easily understand the of linkage of sections there application use it for fast track revision cover a Big piece of syllabus in few minutes only on the go whenever you want to revise also check other notes from below links Assessment Procedures TDS TCS Search Seizure Misc Power Point Presentation Color Coded Soft Copy http imojo in dtt Copoun Code CCI25 Happy Reading

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Articles

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


An analysis on TDS


For a layman TDS or TAX is very cumbersome to handle and the afraid of various procedures regarding it So in this article I have tried to point out in a very simple and lucid manner to understand it TDS was deducted on Bank Fixed Deposit interest if such interest exceeds Rs 10000 per year But the me


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Updated on : 12/5/2016 10:09:13 AM


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