tds on consultancy

News

Gold award for the Income Tax Department under National Award on E-Governance 2014-15


The Income Tax Department has been awarded GOLD by the Government of India under category Cat I Excellence in Government Process Re engineering for National Award on e governance 2014 15 The award has

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Last date for filing TDS return extended in some states


Last date of filing of the TDS TCS Statements for the 2nd Quarter of Financial year 2014 15for the deductors collectors in the States of Andhra Pradesh Jammu Kashmir Odisha Telangana extended In view

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Due date of TDS payment extended upto 10.10.2014


Due Date of Deposit of Tax Deducted at Source Tax Collected at Source during the Month of September 2014 extended from 7th October 2014 to 10th October 2014 Considering the consecutive holidays owing

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CPC (TDS) Advisory to deductors making TDS payment through multiple challans in a month


Dear Deductor As per the records of the Centralized Processing Cell TDS it has been observed that you have used multiple challans in a month for payment of Tax Deducted For Deductors convenience CPC T

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Revised TDS returns to be accepted without Original Provisional Receipts


With effect fromJune 1 2014 Deductors Collectors need not submit copy of Provisional Receipt of original statement and Statement Statistics Report SSR for furnishing e TDS TCS correction statement Ple

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Experts Opinions

Short deduction in tds


IN ORIGINAL RETURN I DEDUCT TDS 2 26 IN FY 2008 09 BUT AMOUNT SHOW AS PER 2 10 SO DEFAULT WILL OCCUR BUT IN THE PREVIOUS CHALLAN THE AVAILABLE AMOUNT IS ZERO SO I MADE NEW CHALAN FOR DEFAULT AMOUNT WI

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Tds on payment of visa fees to foreign government


We have to pay Visa other fees to a 100 owned company of Saudi Arabia Government 1 Is TDS applicable on payment to foreign Government 2 Is TDS applicable on Visa other Fees

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Regarding : tds


Dear Expert We would like to inform you regarding above subject We want a pay to transporter charges FRIGHT OUTWARD 32000 and i want deduct TDS but i can t understand what deduct of tax on amount and

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Certificate require for open consultancy.


Hey I wanna open a consultancy who will work in India itself can you guys can tell me which kind of Document govt services require Like service tax vat etc for it if I wanna open partner ship firm

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Tds


Dear sir We have deducted tax on payment to contractor but not paid and Subsequently we have not included in last years Tds return What will be the consequences we will have to face Reagrds Shyamlal

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Discussion

Tds payment correction

Hello All The question is we have deducted tax u s 94C u s 94I but at the time of payment the entire amount is paid u s 94C Please give the steps to correct this and whether any interest is payable or

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Tds issues

1 Can credit for TDS be taken by a deductee company any time or it has time restrictions 2 Is a deductor at liberty to deduct excess amount of TDS U S 192 to 194 LA than what becomes due under these s

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Setting up professional /consultancy venture

I qualified CA in 2013 November and immediately theron I was in the Industry with a MNC and have worked in different international geograhies and industries in last 12 years Now I am looking forward f

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Tds on property

I want to pay TDS on property for an instalment that was paid in Oct 13 to the builder What is the FY to be selected in the online Form 26QB Will it be 13 14 or the current FY The e tutorial on the we

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Tds & tcs ceiling and rate chart

Hi All Please give your precious time to see attached Chart Definitely you are going to keep it and love it Thank You

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  • Important changes under Central and State Tax Laws

    The following are the important changes under Central and State Tax Laws with effect from 1st April 2015 1 Conveyance Allowance Transport allowance granted to an employee is exempted up to Rs 800 per month The limit of exemption is now enhanced to Rs 1600 per month 2 Profession Tax Those whose salary for a month was more than Rs 10 000 were supposed to pay Profession Tax of Rs 150 per month Now from 1st April 2015 the persons drawing salary up to Rs 15 000 per month are exempted from Profession Tax Applicable for Bangalore 3 Profession Tax exemption for senior citizens who have attained age of 60 Years Applicable for Bangalore 4 Wealth Tax Is abolished from 1st April 2015 Keep all the wealth tax papers of past 8 years in safe custody even though wealth tax is abolished from FY 2015 16 5 Mediclaim Insurance The premium paid towards mediclaim insurance is enhanced from Rs 15 000 to Rs 25 000 per year for senior citizen it is enhanced from Rs 20 000 to Rs 30 000 per year u s 80D 6 Basic Exemption Limit for VAT registration in Karnataka Now the traders who expect to do annual taxable turnover sales of less than Rs 10 Lakhs needn t register under Karnataka VAT Laws However other aspects of registration which were applicable till March 2015 will continue to apply 7 Reverse Charge Method under service Tax Laws w r t Manpower Consultancy Currently in case manpower supply or security services is provided by individual HUF or partnership firm to a body or a corporate the service provider is liable to deposit Service Tax to the extent of 25 and service receiver liable to deposit Service Tax to extent of 75 W e f 1st April 2015 Service Tax is not required to be charged by specified service provider i e individuals HUF Partnership Firms and the same is to be paid by the service receiver entirely i e instead of 75 the service receiver has to pay 100 F No 334 5 2015 8 ESIC Payment Through Online Online payment of ESI contribution made easier Now facility for payment of ESI contribution through net banking is made available through State Bank of India and 58 major banks 9 PF Payment Made Online The EPFO payment has been made online Mandatory effective from 1st May 2015

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  • Sample Declaration u/s 194C(6) for non-deduction of tax at source

    Sample Declaration u s 194C 6 for non deduction of tax at source

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  • TDS

    TDS Merlyn Shipping

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  • Tax Deduction at Source Calc. FY 2015-16

    Tax Deduction at Source for FY 2015 16

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  • E-Taxation - Free Android Application

    E Taxation free android app Features 1 Practical and theoretical knowledge of Direct Tax 2 Case laws circulars notifications public notice tax calendar corporate and taxation news 3 Mock Test for students appearing for final exam 1 Practical knowledge of Direct Tax 2 Mock test for students appearing for exam 3 Latest case laws 4 Latest circulars 5 Income Tax notifications 6 public notice 7 tax calendar 8 corporate and taxation news 9 Basic Income Tax 10 Residential Status 11 Income Tax Returns 12 Documentations 13 Tax Rates 14 Tax on Individual 15 Tax on Senior Citizen 16 Tax on Super Senior Citizen 17 Due Dates of Return 18 TDS with PAN 19 TDS without PAN 20 Advance Tax Calculation 21 Interest Penalty as per section 234A 234B and 234C 22 Computation of Income Tax 23 Tax on Salary 24 Tax on House Property 25 Tax on Capital Gain 26 Tax on Income from Other Sources 27 Rebate 87A 28 Partnership Firm 29 Depreciation Chart 30 Deduction 80C to 80U 31 Assessment Procedure 32 Clubbing of Income 33 Carry Forward and set off 34 Wealth Tax 35 Tax Planning

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Articles

An opportunity to file six year ITR to claim TDS


An Assessee Can only file return for last 2 years and claim refund if any due and not beyond that In case he missed to file return within prescribed timeline he has no choice other than to forget his


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Computation of TDS in case employee is working under two employer in same year


Cases where an employee work under two employer in a single financial year Normally an employee is employed under employer during whole financial year and thus no problem arises in deduction of TDS fr


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Features of forthcoming release of TDS/TCS


It is proposed to release new version of NSDL e Gov TDS TCS Return Preparation Utility RPU and File Validation Utility FVU tentatively on19thJune 2015 Details of which are given below 1 Return Prepara


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TDS Amendments


IN FINANCE BILL 2015 SOME MAJOR AMENDMENTS REGARDING TDS HAVE BEEN MADE AS UNDER Under the existing provisions contained in the proviso to clause i of sub section 3 of the section 194A income credited


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TDS on withdrawal of EPF


TDS on withdrawal of EPF Employee Provident Fund U s 192A with effect form 01st June 2015 The Finance Act 2015 has Inserted a new section 192A regarding the TDS on payment of accumulated provident fun


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Updated on : 6/22/2015 4:48:08 PM





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