It has been brought to the notice of CBDT that in cases of minors whose both the parents have deceased, TDS deductors/ Banks are clubbing…
View More TDS on the interest income accrued to the minor is required to be deducted against PAN of the minor child– incase both the parents of minor are deadMonth: May 2017
Revised list of entities exempted from payment of TDS
The Central Board of Direct Taxes (CBDT) had earlier issued Circular No. 4/2002 and Circular No. 7/2015 having details of entities whose income is unconditionally…
View More Revised list of entities exempted from payment of TDSWhen and How to claim TDS Refund
In case of excess deduction of tax at source, claim of refund of such excess TDS can be made by the deductor. The excess amount…
View More When and How to claim TDS RefundFile your TDS returns for FY: 2016-17 (Q4) by 31st May, 2017
31st May is the last date for filing your TDS Returns for FY:2016-17, Quarter 4. File on time and avoid unwarranted penalties and default notice.…
View More File your TDS returns for FY: 2016-17 (Q4) by 31st May, 2017Points to remember regarding TDS statement
Given below are the points one should remember regarding TDS statement: Correct Reporting: Cancellation of TDS return and deductee row is no longer permissible. Accordingly, it…
View More Points to remember regarding TDS statementBombay High Court Order: No TDS On Salaries Reimbursed Under Secondment Agreement
Bombay High Court has ruled that payment of salary under secondment agreement does not attract tax deducted at source (TDS). Secondment agreement is an agreement…
View More Bombay High Court Order: No TDS On Salaries Reimbursed Under Secondment AgreementFees and Penalty for Late Filing of TDS Returns
Fees and Penalty for Late Filing of TDS Returns are as follows: Section 234E-Levy of Fees Failure to submit TDS return on time will result in…
View More Fees and Penalty for Late Filing of TDS ReturnsRights of Tax Payers
Credit of TDS If tax has been deducted at source u/s 192 to 194 A/B/BB/C/ D/E/EE/F/G/H/I/J/K, 195, 196A/B/C and D, the person from whose income…
View More Rights of Tax PayersTDS/TCS Compliance for 4th Quarter of FY: 2016-17
TDS/TCS Compliance for 4th Quarter of FY: 2016-17 has been given below: Last date for filing of TDS returns for Q4 of FY:2016-17 – 31st…
View More TDS/TCS Compliance for 4th Quarter of FY: 2016-17Duties of TDS Deductors
Deduct Tax at Correct Rate and deposit in Government Account-Sec 200 Every person responsible for deducting tax at source shall at the time of payment…
View More Duties of TDS Deductors