National Securities Depository Ltd.
Depository for equity market in India
E-Payment facilitates payment of taxes online by taxpayers. To avail this facility the taxpayer is required to have a net-banking account with any of the authorized banks. Please follow the steps as under to pay tax online:- Step 1: a) Log on to NSDL-TIN website (www.tin-nsdl.com). b) Click on the option Furnish TDS on property….
TDS certificate in Part A of Form 16 shall be generated only for those PANs that have been reported in Annexure II(Salary Details) of 24Q statement for 4th quarter.
As per Finance Bill of 2013, TDS is applicable on sale of immovable property wherein the sale consideration of the property exceeds or is equal to Rs 50,00,000 (Rupees Fifty Lakhs). Sec 194 IA of the Income Tax Act, 1961 states that for all transactions with effect from June 1, 2013, Tax @ 1% should…
Provisions related to TDS payment and furnishing of TDS Certificate 1. Any sum deducted under section 194-IA shall be paid to the credit of the Central Government within a period of seven days from the end of the month in which the deduction is made. 2. TDS payment u/s. 194-IA shall be accompanied by a…
A. TDS Rate Chart for A.Y. 2014-15 on Payments other than Salary and Wages Section No. Nature of Payment Threshold Total Payment During the Year Payment to Individual or HUF Others 193 Interest on Debentures Rs. 5000/- 10% 10% 194 Deemed Dividend – 10% 10% 194 A Interest by banks (Other than interest on securities)…
From June 1st 2013, transfer by a resident of immovable property (other than agricultural land) where consideration exceeds Rs 50 lakhs would attract TDS @ 1% u/s 194 IA. The person is required to deduct tax and would not be required to obtain a Tax Deduction Account Number. The Central Board of Direct Taxes (CBDT)…
Government urges all tax payers to disclose their true income and pay appropriate taxes within the current financial year; A Compliance Management Cell has been set-up to ensure follow-up action and track return filing and tax payment of the target segment; 70,000 letters are being sent in 2 batches to high priority cases in this…
A major reason for difference in refund amount during processing is that the details of tax payment or TDS do not match with the data available with the Department. The critical checkpoints are as under: Corresponding deduction of tax (TDS) on salary by all Employers should be correctly entered in Schedule TDS1 in ITR1 or…
TIN with effect from May 4, 2013, revised rates for acceptance of e-TDS/TCS, Form 24G Statements and AIR at TIN Facilitation Centres (TIN-FCs). They are as under: Basis of charges Charges* 0-100 records 35.00 100-1000 records 200.00 More than 1000 records 650.00 *Inclusive of service tax
Services / Form 24G / Procedure to obtain duplicate copy of Provisional Receipt Number: In case if Account Office needs duplicate copy of Provisional Receipt Number, AO is required to send request letter to NSDL. The format in which request should be sent to NSDL by the Account Office is as under :- Request letter…