Introduction: As per the provisions of Section 206C, tax is required to be collected at source by the seller at the specified rate on certain…
View More Changes in Tax Collection at Source (TCS) in Budget 2012Category: Income Tax
TDS, Advance Tax & SA Challan Status on Mobile
SMS BASED SERVICE FOR CHALLAN STATUS National Securities Depository Limited (NSDL) provides CIN (Challan Identification Number) based view of direct tax challans to taxpayers to…
View More TDS, Advance Tax & SA Challan Status on MobileAvoid TDS deduction on income Submit Form 15H/15G
Form 15G and form 15H are used for avoiding the TDS deduction at source if deductee expects his Income to be lower then the taxable…
View More Avoid TDS deduction on income Submit Form 15H/15G26AS Statement : How to Get Tax Credit for Non Reflected Amounts
Non reflection of TDS on bank FD or term deposit in 26AS statement is very common problem these days. The reason for this problem is…
View More 26AS Statement : How to Get Tax Credit for Non Reflected AmountsLate Filing of TDS Statement Made Very Costly !
No filing or late filing of TDS return or TDS statement shall invite two penal consequence as the Finance Bill 2012-13 has inserted two new…
View More Late Filing of TDS Statement Made Very Costly !TDS / TCS Rates for Financial Year 2012-13
Post Union Budget 2012-13 TDS Rates for financial year (FY) 2012-13 and assessment year  (AY) 2013-14 The Rate Chart for the Financial Year 2012-13 i.e.…
View More TDS / TCS Rates for Financial Year 2012-13NEW FVU Files released by TIN-NSDL
New File Validation Utilities – FVU 3.4 & 2.132 has  been released pertaining to validation of eTDS & eTCS returns. FVU 3.4 will be applicable for quarterly…
View More NEW FVU Files released by TIN-NSDLHow to Apply for TAN, Track Status of TAN Application and Penalty on Failure
Every person who is required to deduct or collect tax at source on any of the specified payments, needs to apply for allotment of Tax…
View More How to Apply for TAN, Track Status of TAN Application and Penalty on FailureDeclaration for No TDS on Interest under Senior Citizens Savings Scheme – Clarification
The Government has issued followed clarification regarding Senior Citizens Saving Scheme: An individual resident in Indian of sixty-five years of age or above may furnish…
View More Declaration for No TDS on Interest under Senior Citizens Savings Scheme – ClarificationTDS credit to be allowed if difference between TDS claim and TDS in AS-26 data does not exceed Rs. One lakh
TDS credit to be allowed if difference between the TDS claim and matching TDS amount reported in AS-26 data does not exceed Rs. One lac.…
View More TDS credit to be allowed if difference between TDS claim and TDS in AS-26 data does not exceed Rs. One lakh