Owing to pay salary to an employee the employer deducts a certain amount of TDS from salary of that employee u/s 192. The employer should…
View More TDS Returns for Salary – Quarter 4Month: April 2019
30th April – last date for TDS payment
Filing of TDS Returns for the quarter ended March 2019 (FY:2018-19 Quarter 4) is already under way since 1st April. Last date for payment of…
View More 30th April – last date for TDS paymentTDS Returns – Employee details to have breakup of earnings from current employer and previous employers during the Financial Year
From Financial Year 2013-14 (AY: 2014-15), while preparing the employee details to file TDS Returns (Form 24Q) in the 4th quarter (Jan-Mar), a provision has…
View More TDS Returns – Employee details to have breakup of earnings from current employer and previous employers during the Financial YearWhat 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?Details required for registration with TRACES for TDS Deductor & Tax Payer
The following details are required for registration with TRACES: For Deductors Step-1: TAN of Deductor Step-2: 1. Token Number of the regular statement corresponding to…
View More Details required for registration with TRACES for TDS Deductor & Tax PayerEmployers required to collect PAN of the lender banks from the employees to claim Interest in House Property in the salary return
The Finance Act, 2015 had introduced a new section 192(2D) of the Income-tax Act, wherein the employer was obliged to collect the necessary evidence or…
View More Employers required to collect PAN of the lender banks from the employees to claim Interest in House Property in the salary returnHow 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?TDS Computation When an Employee Works for 2 Companies (Employers) in a Financial Year
There are 2 types of scenarios in which an individual may be working for more than one employers in a financial year. they are as…
View More TDS Computation When an Employee Works for 2 Companies (Employers) in a Financial YearWaiver 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 Commissioner