When the aggregate of the amounts paid/credited or likely to be paid/credited to Contactor or Sub-contractor exceeds Rs.75,000 during the financial year, TDS has to…
View More Yearly Limit u/s 194CMonth: June 2011
Tds Rates for financial year 2011-12 and assessment year 2012-13
The Rate Chart for the Financial Year 2011-12 i.e. Assessment Year 2012-13 is tabulated below. TDS Rates for the Financial Year 2010-11 is also same.…
View More Tds Rates for financial year 2011-12 and assessment year 2012-13CBDT issues new Circular on Refund Procedure for excess TDS on payments to residents
A recent circular issued by the Central Board of Direct Taxes (CBDT), Circular No. 2/[ F. No. 385/25/2010-IT(B)] (new Circular) dated 27 April 2011, outlined…
View More CBDT issues new Circular on Refund Procedure for excess TDS on payments to residentsConsequences Of Default
Failure to deduct or remit TDS/TCS (fully or partially) Interest: Interest at the rates in force (12% p.a.) from the date on which tax was…
View More Consequences Of DefaultCBDT permits issue of TDS certificate for non-salary (Form 16A) income with digital signature
CBDT has recently vide Circular No. 3/2011 [F.No. 275/34/2011-IT(B)] (Circular) dated 13 May 2011 permitted issue of certificate for tax deducted at source (TDS certificate)…
View More CBDT permits issue of TDS certificate for non-salary (Form 16A) income with digital signature