The Tax Collection at Source Rates for the Financial Year 2011-12 is tabulated below: Sl.No. Nature of Goods Rates in % 1. Alcoholic liquor for…
View More TCS Rates for the FY 2011-12Month: July 2011
Surcharge on Income-tax
Surcharge on Income-tax is not deductible/collectible at source in case of individual/ HUF /Firm/ AOP / BOI/Domestic Company in respect of payment of income other…
View More Surcharge on Income-taxNo Education Cess on payment made to resident
Education Cess is not deductible/collectible at source in case of resident Individual/HUF /Firm/ AOP/ BOI/ Domestic Company in respect of payment of income other than…
View More No Education Cess on payment made to residentAcceptance of e-TDS/TCS statements in Pen Drive
Submission of e-TDS/TCS statement has been enabled in Pen Drive in addition to the existing option of CD. Deductors /Collectors are advised to check the…
View More Acceptance of e-TDS/TCS statements in Pen DriveHigher Rate deductions liable for PANNOTAVBL Deductees
As per new provision of tax deduction at source (TDS) under the Income Tax Act 1961 effective from April 1, 2010, TDS at higher of…
View More Higher Rate deductions liable for PANNOTAVBL Deductees