TDS / TCS (Income Tax) – Information & Resource Bank
Central Board of Excise & Customs vide Order No. 02/2014-ST dated 24th October, 2014 has extended the due date of filing Service Tax Return, for the period of April 2014 to September 2014, from 25th October 2014 to 14th November 2014. F.No.137/99/2011-Service Tax Government of India Ministry of Finance Department of Revenue Central Board of…
1. Last date for payment of tax deductions/collections for April-7th May 2014 2. Last date of filing of TDS/TCS returns for Q4 of F.Y. 2013-14 – 15th May, 2014 3. Last date for issuance of the TDS/TCS certificates for Q4 – 30th May, 2014 * The above is applicable for deductors other than the Office of the…
TDSMAN has introduced a unique feature of verifying all PANs in a TDS Return In one click identify all invalid PANs used in a Return Avoid Default Notices with steep penalties owing to invalid PANs Click Here to view the simplicity and usefulness of this feature.
CPC (TDS) has issued a letter to all deductors with information regarding the release of new feature Aggregated TDS Compliance at Organizations PAN level. The letter produced is here as under: Date of communication: 03/05/2014 Dear Deductor, In our endeavor to facilitate improved TDS administration, CPC (TDS) feels glad to provide you with the feature of…
According to Indian Tax Laws, the receiver of service is required to do two things at the time of making any payment:- 1. Pay Service Tax on the services received 2. Deduct TDS on the payment made However, the confusion is whether TDS has to be deducted on amount including service tax or on amount…
1. Leave allowance: An employee can use such an allowance to cover his domestic travel and can be used for air, rail, and road transport. 2.Gratuity paid to an employee also has taxation benefits. To determine the taxability of gratuity, it is important to understand whether an employee is covered by payment of gratuity act. If an…
The Board vides its Circular No. 158/9/2012 dated 08-05-2012 read with Circular No. 154/5/2012 dated 28-03-2012 clarified that in case the individuals or proprietary firms or partnership firms providing taxable services referred to in sub-clauses (g), (p), (q), (s), (t), (u), (za) and (zzzzm) of clause (105) of section 65 of the Finance Act, 1994(Chartered…