New TDS RPU and FUV utility released

New versions of e TDS TCS Return Preparation Utility RPU and File Validation Utilities FVUs are applicable from February 23 2017 onwards and available at https www tin nsdl com etds etcs eTDS download regular php 1 RPU Version 1 9 Java based For preparing and validating e TDS TCS Statement s and als

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

Proposal to provide for grant of interest in case of refund of excess payment of TDS

Finance Minister announces several anti graft and rationalisation measures in the field of Income tax Accountants or merchant bankers furnishing incorrect information to face penalty Income of the Chief Ministers Relief Fund and the Lieutenant Governors Relief Fund to be exempt from tax Concessional

Condonation of delay in submission of Forms related to Chartered Accountants Regulations, 1988

The rules regarding Condonation of delay in submission of Forms related to various regulations of the Chartered Accountants Regulations 1988 Documents to be submitted in case of delay in submission of following Forms

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Experts Opinions

Tds on rent

Dear Experts we are trade union pan is registered under Association of persons My query is that we are paying office rent to owner Rs 16500 from April to till date for each block having 2 blocks and agreement with 2 owners In the month of Feb 2017 we have crossed the basic exemption limit of Rs 1800

IS tds is required on purchase of printing and stationary

IS tds is required to be deducted on purchase of printing and stationary

TDS intimation u/s 200A

Whether TDS return filed at Incometaxindiaefiling gov in is issuing the intimation u s 200A just like when we filed return to TDS intermidiary and then intimation is being sent by TDS CPC

rules and regulation difference

what is the difference between rules and regulations

Tds on salary

Dear Sir My query is suppose an employee get salary of Rs 65000 per month I just want to know what amount of TDS deduct on his monthly salary What amount should pay the employer to his employee that month



Is TDS deducted on purchase of Fixed asset and what if it is a case of work contract

Tds under 400

I made a payment of interest for late payment of tds on salary on 24 02 2016 I tried to seek the challan status in Traces but this payment is not reflected in traces Please advice if there is a normal time delay and also whether this is the place to check the status of a tds challan

Penalty on late filing of tds return.

Is penalty amount challan details mandatory to be shown while filing return after due date I f no then reason for the same

Refund of unclaimed tds of ay 2013-14

Tds of assesse e g Rs 100 has been deducted twice Rs 100 2 200 for same transaction by one company in AY 2013 14 But assesse has claimed taken credit only once Rs 100 in that AY Balance tds not claimed till date Now my query is how can it be claimed Can we ask refund by filing current years ITR or w

Online reconciliation of tds

I have deposited tds for December 16 on 7th January 2017 through online but by mistake in TDS qtrly return I have showed it on 7th January 2016 in place of 7th January 2017 IT dept raised it as defaulter How can it would be solved to clear the defaulter

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File Download

  • POEM Rules Summary

  • Removal of Name of the Company from Register of Companies

    Procedure under newly notified Companies Removal of Names of Companies from the Register of Companies Rules 2016
  • Income tax (1st Amendment) Rules, 2017

    Furnishing of Permanent Account Number or Form 60 as the case may be on or before 28th February 2017 is made mandatory for persons having an account with banking company or a cooperative bank to which Banking Regulation Act 1949 applies 15th January 2017 is the due date for submitting Form 61 where the aggregate of cash deposits between 9th November 2016 to 30th December 2016 is more than two lakh fifty thousand Government has mandated the specified class of persons under Rule 114E to report cash deposits made during the period 01 04 2016 to 09 11 2016 aggregating to an amount exceeding the limits as specified in Sl No 12 of Rule 114E Please find the attached PDF file for details
  • Tax Deduction from Salaries-192 CBDT Circular for FY 2016-17

    The CBDT has issued Circular No 01 2017 dated 02 01 2017 in which it has explained in a comprehensive manner the obligation of taxpayers with regard to deduction of tax at source from salaries under section 192 of the Income tax Act 1961 for the financial year 2016 17
  • TDS and TCS under revised GST Law

    TDS and TCS under Revised GST law

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Unwritten rules for those who want to thrive at workplace

We all want to flourish at work and be recognized as a high performer Although many of us put in enough effort towards the goal but at times the rewards and recognition are just below par This articleintends to throw light on key pointers one must follow in a corporate environment If it doesnt make

Place of Provision of Services Rules

Background The charging section 66B of Finance Act provides for levy of service tax on value of all services provided or agreed to be provided in the taxable territory by one person to another unless they are covered in negative list Services being intangible practically it would have been difficult

Rules for interpretation of statutes

What is Interpretation of Statute The process of understanding expressions of the statute is called Interpretation of Statute The object of interpretation of statutes is to determine the intention of the legislature conveyed expressly or impliedly in the language used For thisrules which help to get

TDS controversies - Top 25 rulings pronounced in 2016

Dear All We have another 6days for the wonderful year 2016 and as Sam Levenson say Dont watch the clock do what it does and Keep going Over the years the judicial forums have pronounced immense tax litigation involving issues pertaining to TDS I was just trying to recollect which ruling on TDS I sho

GST- Registration Form, Return, Payment, Invoice, Refund Forms as per GST Draft Rules

The filling and submission of Return is the most important requirements from the statutory angle This will play the vital role in between the Tax payer and Tax dept under GST The below are the summary of Forms Return Payment Forms Refund Forms Invoice Forms as per Draft Good and Service Tax Rules DR

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Updated on : 2/25/2017 1:11:15 PM

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