There are several amendments pertaining to TDS from interest. 3.1 Interest on fixed deposits with banks attracts TDS under Section 194A. Only exception to this was in respect of interest paid by co-operative banks to their members. 3.2 Now, Section 194A(3)(v) has been amended to expressly provide that payment of interest on time deposits by…
When an employee participating in a Recognised Provident Fund (RPF) withdraws the accumulated balance lying to her/his credit in the said RPF account, that amount is not included in her/his total income and is considered as exempt provided certain conditions are met. The main condition is that such a person should have rendered continuous service…
Important due dates in the month of April 2015 has been given below: 7 April 2015 – Due date for deposit of Tax deducted under Section 194-IA in the month of March, 2015 22 April 2015 – Due date for issue of TDS Certificate for tax deducted under section 194-IA in the month of March,…