The Income Tax Department, through Circular No. 5/2025, dated 28th March ’25, has introduced a waiver mechanism for certain interest liabilities related to TDS /…
View More Circular on Interest Waiver (TDS / TCS)Category: Income Tax Circular
CBDT Circular No. 3/2025 – Income Tax Deduction from Salaries for March Quarter
The Central Board of Direct Taxes (CBDT) has released Circular No. 3/2025 on 20th February 2025, providing updated guidelines on Income-Tax Deduction from Salaries during…
View More CBDT Circular No. 3/2025 – Income Tax Deduction from Salaries for March QuarterRelief for Tax Deductors / Collectors – for inoperative PANs
Vide Circular No. 6 / 2024 dated 23rd April 2024, relief has been provided for deduction / collection of tax at a higher rate for…
View More Relief for Tax Deductors / Collectors – for inoperative PANs
TDS Rate Chart FY: 2021-22 (AY: 2022-23)
TDS RATE CHART FY: 2021-22 (AY: 2022-23) Section Nature of Payment Threshold Indv/ HUF Others Rs. TDS Rate (%) 192 Salaries –…
View More TDS Rate Chart FY: 2021-22 (AY: 2022-23)Section 194M – Rationale & Brief Analysis
A new section 194M was proposed in the Budget of 2019 wherein an individual or an HUF (those not covered in TDS), is now required…
View More Section 194M – Rationale & Brief AnalysisSection 194M – Rationale & Brief Analysis
A new section 194M has been proposed in the Budget of 2019 wherein an individual or an HUF (those not covered in TDS), is now…
View More Section 194M – Rationale & Brief AnalysisSalary Details (Annexure II) : Form 24Q-Q4
Last year, vide its Notification No. 36/2019 by the Income Tax Department had substantially modified the format of Part B of Form 16 (Salary TDS…
View More Salary Details (Annexure II) : Form 24Q-Q4Salary Details (Annexure II) : Form 24Q-Q4
Last year, vide its Notification No. 36/2019 by the Income Tax Department had substantially modified the format of Part B of Form 16 (Salary TDS…
View More Salary Details (Annexure II) : Form 24Q-Q4Extension of Nil or Lower TDS/TCS Certificate to 30th June 2020
CBDT vide Notification No. F.No.275/25/2020-IT(B) dated 31st March 2020 has provided relief to the applicants of certificates for lower or nil TDS / TCS, under…
View More Extension of Nil or Lower TDS/TCS Certificate to 30th June 2020COVID 2019 – No change in TDS / TCS payment dates
As per the press note issued by Department of Revenue, Ministry of Finance on 31/03/2020, the following has been mentioned related to TDS & TCS:…
View More COVID 2019 – No change in TDS / TCS payment dates