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tds late payment


CBDT signs 20 Unilateral Advance Pricing Agreements with Indian taxpayers

The Central Board of Direct Taxes CBDT entered into twenty 20 Unilateral Advance Pricing Agreements APAs yesterday and today i e 29th August 2016 and 30th August 2016 with Indian taxpayers Many of these agreements also have a Rollback provision in them The APA Scheme was introduced in the Income tax

Results of CA IPCC May 2016 exam declared

The Institute of Chartered Accountants of India ICAI established under the Chartered Accountants Act 1949 to regulate the profession of Chartered Accountancy It is one of the largest and prominent accounting body worldwide Chartered Accountancy profession has become a challenging career at the cutti

Time Schedule revised for making tax payments under IDS Scheme

Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi 14th July 2016 Sub The Income Declaration Scheme 2016 Relaxation of time schedule for making payments under the Scheme During the course of meetings and seminars held in different parts of the count

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

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Experts Opinions


what is TDS How it is different from tax calculated at end of GTI Basic exemption wala

Refund of tds

if return of the F Y 15 16 submitted online on 31st mar 2016 itself and refund of lesser amount of tds claimed while the actual amount of tds refundable is more and the amount claimed for in the return has been received what is the remedy to claim the remaining amount of tds kindly assisst

Share capital payment

Company formed with Rs 25 Lacs in 2015 but actual payment not done till today only 11 Lacs paid What should we do in such cases and what are the consequences

Repayment of share application money

Can Share application money pending Allotment be repaid by cash

Entry regarding payment of freight

what will be entry in case of payment of freight including service tax if the liabilty of payment on service tax is on us as consigner


Payment of income tax notice

We have received a notice form income tax department for payable of Rs 8000 Now we have been paid the same amount 8000 to Income Tax dept Please suggest us for entries in accounts book


Accouunting Charges paid to Mr A 15000pm is TDS deductible in this transaction

Salary tds calculation with deduction limit ay 2017-18

Dear Friends how to calculate the salary TDS for the FY 2016 17 with all the deduction limit 80 C to 80 U kindly share me the excel file to me it will be most help me to calculate the Salary TDS from my employees

Tds deducted

when I pay my emi on Bajaj Fin Crop will I deduct TDS or not

Related with accounting of e-commerce

If someone is doing business via Amazon Flipkart or any other online websites supoose if he sale T Shirt of Rs 500 to Mr A via Amazon got Rs 400 only from Amazon Diff is amazon kept as its Fees How one can record the transaction What one should treat this diff of rs 100 Is any TDS applicability on t

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Payment Bank - A New Feather in Indian Banking System

As per Section 5 b of the Banking Regulation Act 1949 Banking means the accepting for the purpose of lending or investment of deposits of money from the public repayable on demand or otherwise and withdrawal by cheque draft order or otherwise Scheduled Commercial Banks in India are categorised into

Concept related to rotational and non-rotational directors under co. act, 2013

Legal Provision Section 152 6 of the Companies Act 2013 read with rules Companies appointment and qualification of directors Rules 2014 as amended thereto if any deals with the provision related to Rotational and Non Rotational Directors Key Notes 1 If company adopted the provision of section 163 of

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

IND AS 24: Related Party Disclosures

Objective of Disclosures The purpose is to provide users of the financial statements information about transaction outstanding balances including commitments and relationships with related parties that may affect their assessment of an entitys operations including assessment of the risk and opportun

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

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Updated on : 9/24/2016 9:47:11 AM




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