tds late payment


Four Advance Pricing Agreements signed by CBDT

Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi 7thFebruary 2017 Another Four Advance Pricing Agreements signed by CBDT The Central Board of Direct Taxes CBDT has entered into four more unilateral Advance Pricing Agreements APAs on 6th February 2

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

Restriction of Rs 2 lac on set-off of loss from House property

Section 71 of the Act relates to set off of loss from one head against income from another In line with the international best practices it is proposed to insert sub section 3A in the said section to provide that set off of loss under the head Income from house property against any other head of inc

Limits reduced to Rs 10000 from 20000 for cash expenses u/s 40A(3)

Measures to discourage cash transactions The existing provision of sub section 3 of Section 40A of the Act provides that any expenditure in respect of which payment or aggregate of payments made to a person in a day otherwise than by an account payee cheque drawn on a bank or account payee bank draf

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Experts Opinions

TDS deductable on bill amount or amount payable

Dear sir I have a doubt regarding the following situation Bill amount 100000 Advance already paid 20000 TDS Deducted 80000 1 800 In this case whether TDS is to be deductable on 100000 or 80000

tds on foreign party u/s 195

Respected Sir Ma am This is regards with 2013 14 27Q Q4 We had received the notice from Income Tax Department in regards with short deduction of TDS of respsctive parties We had deducted TDS 10 because we have TRC certificate of that parties but Income Tax says there is short deduction because we do

Equalization tds return

Dear Sir Can any one guide what is the due date of Equalization TDS Return filling and in which form it is filled

Esic payment

As we know applicability of ESIC is when worker has wages less then 15000 p m But what if i employed worker at a daily wages of Rs 500 So in the month of April June Sept it will be exactly Rs 15000 and in other months it will be 15 500 so for such case ESIC will applicable or not

About TDS

Hi sir my query is about excess paid of TDS regarding Banda limited company as paid tds of Rs 1 50 000 in the year 2014 15 but actually payable is Rs 1 10 000 Rs 40 000 excess paid by company wrongly can we adjust this 40k in the year 2015 16


Tds on part time job

A college during exam time appoints part time invigilators to do supervision during exam The college pays them on a hourly basis Is the college liable to deduct TDS on the amount paid to them if the payment during the year exceeds Rs 30 000 Since these invigilators are mostly home makers and not giv

related to ipcc taxation paper

pls tell me that the suggested answers of ipcc taxation paper which is given in the bos portal are amended as per the applicable finance act


Tds deduction advance payment

Tds on purchase of property

I am purchasing a property under construction and have executed a sale agreement for the land uds for 28 lakhs and also registered the construction agreement for 80 lakhs Will I need to deduct TDS in my payments as the total value exceeds 50 lakhs My builder claims TDS is not applicable as the land


Can we Deduct TDS on Printing expenses invoice with CST 5 composition Please suggest me thank you

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Section 101 appeals to appellate tribunal

The provisions relating to filing of appeal to the appellate tribunal are discussed in this update The appeal provisions prescribing time limit for filing appeal to Tribunal are similar to that for filing appeal to first appellate authority with the distinction that the first appellate authority can

Finance Bill 2017: Tax Planning and Controversy related to Surcharge

In this article taking three provisions of Finance Bill 2017 taxation effect is studied under different scenarios with hint of tax planning Further controversial provision of surcharge under one of the scenarios with its suggested solution is also given 1 Income Tax slabs are not changed but the tax

Related party transaction under companies act, 2013

SECTION 188 R D W RULE 15 OF COMPANIES MEETINGS OF BOARD AND ITS POWERS 2014 I RELATED PARTY TRANSACTION such as a sale purchase or supply of any goods or materials b selling or otherwise disposing of or buying property of any kind c leasing of property of any kind d availing or rendering of any ser

Levy and payment of GST - An insight analysis

Levy of and Exemption from GST There shall be levied a tax called the Central State Goods and Services Tax CGST SGST on allintra State suppliesof goods and or services on the value determined under section 15 and at such rates as may be notified by the Central State Government in this behalf but not

Latest FAQs on GST

1 GST BEFORE 16 09 2017 QUESTION Is it possible to postpone GST beyond 16th Sept 2017 SUDHIR HALAKHANDI GST is not coming on 1st April 2017 and now lawmakers have given new date 1st July 2017 You mean to say that they will give a new date 1st Sept 2017 and then have a situation in which again they w

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Updated on : 2/18/2017 11:43:11 AM

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