In the Finance Act of 2021, the Indian government inserted Section 194Q. The Indian government’s intention behind enacting this law was to generate a trail…
View More TDS Applicability U/S 194Q On Purchased GoodsMonth: February 2023
Significance of the ‘REMARKS’ in TDS Returns
For the different payment types, as per applicability, standard TDS rates are specified. Under certain provisions of the Act, there could be deviation from this…
View More Significance of the ‘REMARKS’ in TDS ReturnsSalary Details (Annexure II) : Form 24Q-Q4
Vide Notification No. 36/2019 by the Income Tax Department it had substantially modified the format of Part B of Form 16 (Salary TDS Certificate given…
View More Salary Details (Annexure II) : Form 24Q-Q4TDS 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 CurrencyUnion Budget 2023 – Proposed Changes in TDS & TCS
Reduction of TDS Rates applicable under Sec 192A in case of non-availability of PAN Presently, section 192A provides that TDS should be deducted at the…
View More Union Budget 2023 – Proposed Changes in TDS & TCSTRACES – e-verification Scheme
TRACES over email Ref. No. – 02/2023, dated 16/01/2023, has explained to deductors about the e-verification Scheme. The content & the communication is as under:…
View More TRACES – e-verification SchemeTax on Salary – Popular Exemptions & Deductions
Salaried employees form the major chunk of the overall taxpayers in the country and the contribution they make to the tax collection is quite significant.…
View More Tax on Salary – Popular Exemptions & DeductionsTDS / TCS Compliance Reminder for February 2023
7th February 2023 – Due date for TDS/TCS payment for deductions/collections during January 2023 15th February 2023 – Due date of issuing TDS Certificate for Quarter…
View More TDS / TCS Compliance Reminder for February 2023TDS Returns Software for FY: 2023-24 Released
On popular demand, we are pleased to announce the release of TDSMAN (FY: 2023-24). Now you can prepare TDS Returns for all quarters of FY: 2022-23 and…
View More TDS Returns Software for FY: 2023-24 Released