The government has been looking at avenues to make income tax provisions simplified and lessen dependencies on consultants. A step towards it came through the…
View More Sec 115BAC – New Regime for Tax ComputationCategory: TCS
Tax Collected at Source
PDS Infotech Pvt. Ltd. on the News
Indeed, it is a great privilege for Team TDSMAN and our mother organization PDS Infotech Pvt. Ltd. to be on the news. TDSMAN Software is…
View More PDS Infotech Pvt. Ltd. on the NewsCoexistence of TDS 194Q and TCS 206C(1H) after Budget of 2021
Section 194Q – TDS on Purchase of Goods limits the scope and applicability of the Section 206C(1H) – TCS on Sale of Goods as the…
View More Coexistence of TDS 194Q and TCS 206C(1H) after Budget of 2021New Section 194Q – TDS on Purchase of Goods (Union Budget 2021)
Applicability: This shall be effective 1st July’21 TDS Rate: 0.1% on amount exceeding Rs 50L 5% if PAN is not furnished When to Deduct? Assessee…
View More New Section 194Q – TDS on Purchase of Goods (Union Budget 2021)TDS/TCS Provisions – Union Budget 2021
The pragmatic Budget of 2021 introduces new TDS/ TCS provisions with a view to not only minimize tax evasion, insinuate higher TDS/TCS rates in case…
View More TDS/TCS Provisions – Union Budget 2021Compliances for March 2021
7th March 2021- Due date for TDS/TCS payment for deductions/collections during February 2021 31st March 2021 –Â Due date for filling TDS/TCS Returns for Q1 and…
View More Compliances for March 2021Clarifications on new TCS provisions applicable from 1st October 2020
The Central Board of Direct Taxes (CBDT) has issued a detailed clarification on 29th September 2020, regarding the new TDS / TCS provisions set to…
View More Clarifications on new TCS provisions applicable from 1st October 2020TCS on sale of goods – Amendment from 1st October 2020
In the Finance Act 2020, a new sub section has been added which is vide Section 206C (1H) to give effect to the Tax collected…
View More TCS on sale of goods – Amendment from 1st October 2020TDS Returns Software for FY: 2021-22 Released
On popular demand, we are pleased to announce the release of TDSMAN (FY: 2021-22). Now you can prepare TDS Returns for all quarters of FY:…
View More TDS Returns Software for FY: 2021-22 ReleasedTDS/TCS Compliances for February, 2021
* 7th February 2021– Due date for TDS/TCS payment for deductions/collections during January, 2021 * Make sure to do the needful to avoid interest. Interest on Late Payment…
View More TDS/TCS Compliances for February, 2021