tds late payment

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GST rules as approved by GST Council on 18th May, 2017


Composition Rules Valuation Rules Transition Rules ITC Rules Revised Invoice Rules Revised Payment Rules Revised Refund Rules Revised Registration Rules Revised Return Rules

Cabinet approves measures to Prevent Base Erosion and Profit Shifting by India


Cabinet approves signing of the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting by India The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its approval for the Multilateral Convention to Implement Tax Treaty Rela

CBDT signs two Unilateral Advance Pricing Agreements with Taxpayers


Central Board of Direct Taxes CBDT signs two Unilateral Advance Pricing Agreements APAs with Indian taxpayers strengthening the Governments commitment to foster a non adversarial tax regime The total number of APAs entered into by the CBDT has reached 154 which includes 11 bilateral APAs and 143 uni

GST Act, Rules and Analysis


GST Act CGST Act IGST Act UTGST Act GST Compensation to the States Act NewGST Rules Composition Rules Valuation Rules Transition Rules Input Tax Credit Rules Revised Invoice Rules Revised Payment Rules Revised Refund Rules Revised Registration Rules Revised Return Rules Draft GST Rules Accounts and

CBEC releases draft GST rules on Assessment and Audit , eWay Bill


CHAPTER ASSESSMENT AND AUDIT 1 Provisional Assessment 1 Every registered person requesting for payment of tax on a provisional basis in accordance with the provisions of sub section 1 of section 60 shall furnish an application in FORM GST ASMT 01 along with the documents in support of his request el

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Experts Opinions

Tds on interest payable to hdfc limited on loan taken


Dear Sirs Whether TDS on interest payable to HDFC Limited not HDFC Bank Limited Require or not

Tds


If a travel agent company is billing separately for separate services like 1 For Hotel Booking 96480 2 For Air Ticket 50152 3 For Car Rental 13187 4 For Seat selection 800 and total amount is exceeding 160000 Rs than should TDS be deducted on such agency and if yes than under which section

Adjustment of vat itc for gst payment


Dear Experts we are suppose to have vat ITC as on 1 7 2017 from when GST will be implemented pls tell me can we adjust vat ITC for payments of GST or vat ITC will be refund Thanks ASAP

Payment of due tax for fy 2016-2017 for salaried


Dear sir On summarising total income from all sources for my wife including salary and pension and rent received etc i found that due tax as per tax calculator works out more than total TDS by various agencies upto march 2017 Incoem worked out 10 lacs Tax wporks out 90000 TDS upto march only 40000 S

cash payment of two lakh


is the cash transaction limit of 2lakh is only applicable between two party for a one year or one transaction

Discussion

Pan card related

we are registered as a Trust with PAN AAATO0918K But in actual it is a Co society When we applied for PAN in Form 49A there was no option to choose as a society hence it is wrongly registered as a Trust Now due to status of trust we are unable to claim Deduction u sec 80P of The Income Tax act Now p

Tds statement (24q/26q) processing time

How long does it usually take for a TDS statement to be processed I filed the statement on May 15 2017 and as of today May 22 2017 the status is still Pending for processing Is this unusual

Late filing of itr

If the assessee have income 257000 for AY 16 17 Then tax become due 721 but due to 87A tax become nil But the time of filing of ITR is gone Now we have to file return on22 05 2017 What is the consequences And also tell me if in the same case tax is become 721 50000 1000000 then what is consequences

Refund of TDS

One of my friends is filing Income Tax return for the first time as he has to claim refund of TDS made by the Bank on interest of TDR He has little tax liability also this year My question is whether IT Department may ask for IT returns of Previous years Please give expert comment

Tds return 24q

we are private limited co We have deducted TDS on salary of one of our employee for the periodj april tp Sep 16 I showed this deduction in return for Q1 Q2 now How can show this dedution details in Q4 return How can I get Form 16 for this employee The said employeee has leave the job in Oct 16 hence

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File Download

  • Revised Payment Rules as approved by GST Council on 18th May, 2017

    Revised Payment Rules as approved by GST Council on 18th May 2017
  • TDS on purchase of property - checklist

    A procedural check list for remittance of TDS u s 194 IA on purchase of property
  • Financial reporting - various chapters

    various chapters of financial reporting such as mutual fund share based payment value added statement this file contains variety of problems for practice all past exam questions study material questions practice manual questions last 20 RTP questions and other questions are compiled
  • Payroll software in excel - Free Software

    Payroll processing excel utility is payroll software developed for salary processing of employees This article will explain about how to use Payroll processing excel utility Following are the key features of this utility Process Monthly salary up to 100 employees Maintain Employee Masters Salary Masters Tax Masters for salary processing Print Pay slips with bulk pdf option Print Bank letter for payment Automatic income tax calculation Form 16 Part B printing read more http excelhub org payroll software in excel
  • Excise can be calculated on Assessable value

    CALCULATIO OF EXCISE DUTY

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Articles

Start up India Program - Latest professional opportunity


Let us Educate ourselves about Start Up India Program support newentrepreneurs of the country who are equipped with New Business Ideas Technology Innovations a Glimpse of Program Start up India initiative is designed to foster innovation create jobs and facilitates investment Government of India is


Payment of tax under GST


PAYMENT OF TAX UNDER GST In this article we will discuss how the liabilities of a person will be adjusted by using different type of register Ledgers For the payment of taxes under GSTfollowing ledger or register will be maintained 1 Electronic Cash Ledger 2 Electronic Credit Ledger 3 Electronic Lia


List of Forms related to Registration under GST


As per revised Draft registration rules 2017 following forms are required S No Form Detail Remarks 1 FORM GST REG 01 PART A Detail of Permanent Account Number Mobile Number E mail address State or Union territory PART B Submission of Application for registration duly signed along with Documents 2 FO


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


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Updated on : 5/22/2017 12:41:14 PM


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