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tds exemption

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Tax exemption to industry and commerce sectors


Direct Tax Various tax concessions in the form of exemptions deductions etc have been provided under the Income tax Act 1961 which have been availed by different sectors of Commerce and Industry also Cumulative figures of revenue impact of direct tax incentives for the last five years are as follows

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

Candidates carrying a mistaken notion that they enjoy exemption in a exam paper


Hosting of exemption s in a paper granted in Intermediate and Final examinations valid for May 2016 Exemption s in a paper s are granted to candidates of Intermediate and Final examinations in terms of Regulation 37C 8 and Regulation 38C 6 respectively of the Chartered Accountants Regulations 1988 T

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Experts Opinions

Tds quarterly return


Kindly tell me how I can file TDS return for the current quarter we are using busy software for this which forms do we need to prepare and where I can submit these

Tds


Is there any penalty for non filling of TDS

Tds


Dear sir madam I have taken building to run classes but am showing as training fees now tel me shall i deduct tds on professional fees or tds on rent

exemption


is service tax leviable on the entry fees of comedy show say kapil sharma show

Can tds applicable on vehicle repair & maintenance bill.


Good After Noon Sir I am Ravi I have Query Our Company have Audi Car Every Month Repair Maintenance is required So we are visit Authorised Audi Services Centre They Issue Rs 40 000 to Rs 50 000 bill each against Service My question is that can we deduct TDS on the Bill and then Pay to Dealer I am no

Discussion

Tds on purchase of information .

My one client do purchase of Information like contact details of consumers address details and also some information which are based on a survey conducted by some agenciesThis is a purchase of pure information only not software or any information technology service So is he liable to deduct TDS on p

TDS on rent payment to NRI

The person has taken the premises situated in India on rent The property belonging to NRI Payments made by the person will attract the TDS If yes what rate

Tds

Sir If freight payment made after deduction of TDS and then deducting delay damage then when waive off the delay amount should TDS will deduct in it

Excess tds refund to be claimed

Hi I have paid excess TDS in Q1 of FY 2016 17 u s 195 even return is filed for the same as the paymnet is to NR company not having PE here PAN is not avaiable so i cannot correct my return for the said period Kindly advise me the procedure as how can i claim back this refund amount

Tds on stipend

We have recruited few candidates on 8 months internship contract post which they will be taken on roll During these 8 months of internship they are paid INR 25 000 head per month Do we have to deduct tax on this monthly stipend If yes please reply with the relevant sections case laws

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File Download

  • 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
  • Refund of Terminal Excise Duty (TED)

    It is reiterated that no refund of Terminal Excise Duty TED shall be allowed where ab iinitio exemption was there as already specified in Foreign Trade Policy
  • Compulsory switch over to new syllabus from old syllabus

    Compulsory switchover to new syllabus of cs professional programme from old syllabus of professional programme and revised corresponding exemption on switchover to new syllabus of cs professional programme
  • TDS/TCS rates for FY 2016-17

    All about TDS TCS TDS TCS Notes for Nov Exam
  • TDS Provisions Power Point Presentation

    TDS Provisions Power Point Presentation as on 06 09 2016 including amendments made on 01 06 2016

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Articles

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


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


Exemption on capital gains


Capital Gain Deposit Account Scheme To claim exemption under section 54 the taxpayer should purchase another house within a period of one year before or two years after the date of transfer of old house or should construct another house within a period of three years from the date of transfer If til


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


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Updated on : 9/30/2016 10:46:09 PM


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