tds exemption

News

Govt warns 2.5 lac exemption for cash deposit not for bank accounts that are misused


Strict Action against Tax Evaders using other persons Bank Accounts to convert their Black Money into New Denomination Notes Person s who allows His Or Her Bank Account to be misused for this purpose can be Prosecuted for Abetment under Income Tax Act Government appeals to people NOT to come in the

Govt extends existing exemption with regard to demonetisation


Government extends existing exemptions with rergard to cancellation of the legal tender character of the existing series of high denomination bank notes of Rs 500 and Rs 1 000 denominations until the expiry of 14th November 2016 with certain modifications additions to the existing exemptions Governm

Exemption withdrawn to service providers located in foreign territory on OIDAR


To provide a level playing field to Indian service providers the exemption given to service providers located in foreign territory but providing taxable online information and database access or retrieval OIDAR services including electronic services in India is being withdrawn with effect from 1st D

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

Clarification regarding exemption in CA exam papers


Certified copies of answer books in respect of CA examinations are being made available to those candidates who apply for the same under the scheme formulated for the purpose It is seen that upon receipt of certified copies of answer books some candidates notice that in some papers marks awarded to

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Experts Opinions

Megha exemption under service tax


Respected Experts My Client is providing repairs amd maintanance work to the dam ie Karnataka power corporation ltd Karnataka power corporation ltd is a public co sub category State govt co In This KPCL Karnataka Govt Holds more than 90 of equity My query is Wheather this KPCL is Eligible for exempt

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

exemption LTCG sec 10(38)


Benefit of section 10 38 is available on LTCG arising on transfer of units of a business trust which were acquired by assessee in consideration for transfer of shares of special purpose vehicle

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

Discussion

Tds - urgent

Does TDS get deducted when you hire someone to change the wiring and lights in office Material and labour will be theirs

Tds u/s 194a incase deposits of govt departments

Sir Government Organization which have valid PAN of Governement Catagory having Fixed Deposits in bank bank is deducted TDS or Not

Tds u/s 194c

dear sir mam what is the system regarding TDS on courier companies are we liable to deduct tds on courier expenses of the companies like FEDEX DHL FIRST FLIGHT COURIER LIMITED WHEN PAN IS PROVIDED BY THEM

Rate of TDS for Professional fees payable to NR Individual in Dubai

Whether 20 or 30 at which rate TDS is to be deducted The service provider is non resident individual

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

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File Download

  • Service Tax Exemption notification as amended till date

    This contains the amended version of Mega Exemption notification with all changes being indicated from the original version
  • 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
  • CA IPCC Ethics Revision in 15 Days

    Majority of the students appearing for CA IPCC exams are facing the difficulty to get an Exemption in Paper 2 of IPCC Business Laws Ethics Communication This article will help you in Cracking that paper with an exemption by preparing 30 Minutes daily for 20 Days Friends I believe that you will giving your best efforts to complete revision of all the papers of CA IPCC Either Both Single Groups Remember that it is not the Hard work alone which will make you to clear CA Exams You have to be very smart during the times of your preparation revision period Here are some tips from my side to get Exemption in paper 2 of IPCC Generally students tends to focus more on Allied Laws and Company law and neglects the Importance of Ethics and Communication which will be asked for 40 48 marks in the Paper Remember that in each and every question of your paper these two topics Ethics Communication will be asked in 2 sub parts of every question It will be very difficult for you to attempt for 80 100 marks in this paper unless you have prepared Ethics Communication thorougly I thought of helping you all in this article regarding Ethics which consists of 6 topics and each topic will be asked for a minimum of 4 marks in the exam If you have covered ethics it implies that you are going to attempt for atleast one part of the question in your paper I have provided the topics which are frequently asked in the exam based on Study Material and Practice Manual of the Institute How to Prepare Ethics Spend Half an hour daily for Ethics and prepare 2 3 topics which i have provided to you and write those topics within the day itself This will help you in Completing the entire Ethics within 15 20 days with perfection since you are writing the topics which you have completed daily Thats it you are going to get a minimum of 16 20 marks in the exam For the rest of the marks you can refer Practice Manual where the Institute has provided some question based on the Cases and have a glance on them to attempt for another 4 8 marks Which books to refer One of the major comments by the Examiners of ICAI is that students are not attempting the answers as per the expectation of the Institute amd many students are attempting Ethics by their own Friends remember you can draft the answer by your own from any of the provisions of Law and you can interpret the same in the exam But how is it possible for you to draft the Topics of Ethics unless you know the concept and terminology to answer them My advice for you all is Institute has provided excellent Study Material where each and every toipic which i have provided has been given as a seperate topic in each and every chapter If you are finding any difficulty in some of the topics of Study Material you can refer Practice Manual for those topics Hope this article will help you a lot Share this to the Needy students I will be sharing you the topics of Communication later For any information Doubts fell free to contact me 91 8977960053 casowmith gmail com

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Articles

Tax Exemptions - A tool to generate black money & corruption


Dear professional friends In view of tax reforms under process through GST Companies Act 2013 demonetization and Income Tax provisions under review to curb black money and corruption in general I can say that Objective of Govt is good and will prove its worth in due course but some basic change in t


Withdrawal of Service tax exemption on cross border B2C online services


Withdrawal of Service tax exemption on cross border B2C online information and database access or retrieval services w e f December 1 2016 At present the services received in taxable territory from outside the taxable territory by Government a Local Authority a Governmental Authority or an individua


A journey from failure to an Exemption in ISCA!


Its 26 Marks The result came out and it was the first attempt of CA Final Examination I was so scared since the starting of final preparation as I had not that much time to do something special preparation for my least favourite subject ISCA I genuinely wanted just 40 Marks to pass out the group And


Levy of tax and exemptions under GST


Article 246A of the Constitution which was introduced by the Constitution 101st Amendment Act 2016 confers concurrent powers to both parliament and state legislatures to make laws with respect to GST However clause 2 of Article 246A read with Article 269A provides exclusive power to the Parliament t


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


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Updated on : 12/5/2016 8:22:08 PM


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