A few new TDS sections were introduced with effect from 01/07/2022. These included TDS on Transfer of Virtual Digital Assets (sec. 194S), TDS on Perquisites…
View More Extension of TDS Filing Date for Form 26Q (Q2 – FY:22-23)Month: October 2022
Computation of Income from House Property- Deduction of Interest u/s 24(b)
Income like rent on house property, annual value of property “deemed” to be let out are considered as income from House Property and is taxable…
View More Computation of Income from House Property- Deduction of Interest u/s 24(b)TDS in case of Salary Payment made in Foreign Currency
As per Section 192 of the Income Tax Act, “any person responsible for paying any amount under the head salaries is required to deduct tax…
View More TDS in case of Salary Payment made in Foreign CurrencyOnline TDS / TCS / Demand Payment using Challan ITNS 281
Challan no. ITNS 281 is used by deductors to deposit TDS, TCS and demand payment. Following details are necessary to fill while payment of Challan…
View More Online TDS / TCS / Demand Payment using Challan ITNS 281Compliance Check for Section 206AB & 206CCA – CBDT Circular
To ease the compliance burden, CBDT (Central Board of Direct Taxes) vide Circular No. 11 of 2021 dated 21st June 2021, has announced a new…
View More Compliance Check for Section 206AB & 206CCA – CBDT CircularSection 193 – TDS on Interest on Securities
Section 193 – TDS shall be deducted on interest paid on securities by the interest payer Time of Deduction- TDS to be deducted at the…
View More Section 193 – TDS on Interest on SecuritiesAllocation of Interest in TDS Returns
For delayed payment of TDS or delayed deduction, the deductor needs to pay interest for these delays. The interest is paid in through Challan /…
View More Allocation of Interest in TDS ReturnsTDS / TCS Compliance Reminder for October 2022
7th October 2022 – Due date for TDS/TCS payment for deductions/collections during September 2022 15th October 2022 – Due date of filing TCS Return for Quarter 2 of Financial Year 2022-2023…
View More TDS / TCS Compliance Reminder for October 2022