CPC (TDS) has issued a communication to all deductors who have filed TDS Statements for Q1, FY 2014-15 but not filed yet for Q2 as of November 1, 2014. The issued communication has been given below: Dear Deductor, As per the records of the Centralized Processing Cell (TDS), you have filed TDS Statements for Q1, FY…
1. What are the provisions relating to TDS on rent? From which date same are applicable? As per the Finance Act, 1994 the provisions of TDS on rent have been introduced w.e.f. 1.6.1994. The salient feature of Sec. 194-I are as under:- i) The provisions are applicable only in cases where the person making the…
Ensure that your TDS reaches the income-tax department. If not, an assessee might be charged interest for not paying TDS on time. Recently, a senior citizen received a notice from the Income Tax Department, asking her to pay Rs 30,000, the tax on her bank fixed deposits for assessment year 2013-14, along with interest, for…
Dear Deductor, Centralized Processing Cell (TDS) has observed substantial cases of mismatch in Book Identification Number (BIN) in Quarterly TDS Statements. As you may be aware that at the time of filing TDS statements, it is mandatory: To quote the BIN particulars correctly, through which TDS payments have been made. The TDS forms prescribe quoting…
1. What is Form 16B? Form 16B is the TDS certificate to be issued by the deductor (purchaser/buyer of immovable property) to the deductee (Seller of immovable property) in respect of the taxes deducted on the sale of immovable property and deposited into the Government Account. 2. Who can download Form 16B? Only a purchaser/buyer,…
Recently, ITAT Jaipur Bench in M.D.S. Universityvs. Assistant Commissioner of Income-tax held that, after the expiry of the financial year in which the proceedings, in the course of which action for the imposition of penalty has been initiated, are completed, or six months from the end of the month in which action for imposition of…
TDSMAN and ChequeMan is participating in CeBIT INDIA, worlds leading Business IT and ICT show. We cordially invite you to visit us at booth #STPI-32, Hall #2.
TDSMAN is participating in CeBIT INDIA, worlds leading Business IT and ICT show. We cordially invite you to visit us at booth #STPI-32, Hall #2. Venue: CeBIT INDIA 2014 Booth #STPI-32, Hall #2 Bangalore International Exhibition Centre, Bengaluru 12-14 Nov 2014 from 10 am to 6 pm
Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes 7th November, 2014 CBDT Issues Instructions to Its Field Offices Regarding Endeavour Towards a Non-Adversarial Tax Regime; Emphasis on Cleanliness, Punctuality, Timeliness in Appointment, Avoiding Unnecessary Adjournments Among Others. In its constant endeavour towards a non-adversarial tax regime, the Central Board…