Filing of TDS Returns for the quarter ended March 2018 (FY:2017-18 Quarter 4) is already under way since 1st April. Last date for payment of…
View More 30th April – last date for TDS paymentMonth: April 2018
What is form 26QC?
From 1st June, 2017 individuals & HUF’s who are not under Tax Audit (under section 44AB) and does not have a Tax Account No. (TAN) while…
View More What is form 26QC?What is form 16C?
Form 16C is the newly introduced TDS certificate to be issued by rent payer (deductor) i.e. individuals & HUF’s who are not under Tax audit…
View More What is form 16C?Section 194IB – TDS on Rent (for Individuals & HUF)
Effective from 1st June 2017, individuals & HUF not covered under tax audit have been subjected to deduct tax at source for rent payments if it…
View More Section 194IB – TDS on Rent (for Individuals & HUF)How can foreign deductees without PAN avoid higher TDS?
NRI’s and foreign companies need to furnish PAN details or else they have to pay higher TDS rates. However, they can avoid higher TDS in…
View More How can foreign deductees without PAN avoid higher TDS?Where would deduction u/s 80CCD(1B) appear in Form 16 Part B ?
With effect from FY:2015-16, for investment in NPS, taxpayers can avail additional exemption of up to Rs. 50,000 as per Section 80CCD(1B) while computing the…
View More Where would deduction u/s 80CCD(1B) appear in Form 16 Part B ?What is the time-limit for passing order under section 220(2A)?
The Principal Chief Commissioner or Chief Commissioner or Principal Commissioner or Commissioner must pass order, either accepting or rejecting assessee’s application, to reduce or waive…
View More What is the time-limit for passing order under section 220(2A)?Waiver of Interest under section 220(2A) by Commissioner
The Principal Chief Commissioner or Chief Commissioner or Principal Commissioner or Commissioner may reduce or waive the amount of interest paid or payable by the…
View More Waiver of Interest under section 220(2A) by CommissionerTo avoid demand notice TDS statement should be filed after payment of interest for delay in payment of TDS
Every deductor has to furnish quarterly statement in respect of tax deducted by him i.e., TDS return. As per section 201(1A), interest for delay in…
View More To avoid demand notice TDS statement should be filed after payment of interest for delay in payment of TDSValidity of demand notice on filing an appeal to challenge the same
When a demand notice is served and an appeal or proceeding is filed or initiated with respect to the amount specified in the notice of…
View More Validity of demand notice on filing an appeal to challenge the same