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Tax Collected at Source
Penalty Chart under the Income Tax Act, 1961
Given below is the chart which shows section under which penalty can be imposed, nature of default and quantum of penalty. PENALTIES UNDER INCOME TAX…
View More Penalty Chart under the Income Tax Act, 1961Banks authorised to accept TDS Payment U/s. 194IA
 Following Banks are authorised to accept TDS payment u/s. 194IA? Allahabad Bank Andhra Bank Axis Bank Bank of Baroda Bank of India Bank of Maharashtra…
View More Banks authorised to accept TDS Payment U/s. 194IAProcedure for paying the TDS amount into the Bank
The procedure for paying the TDS amount into the bank subsequently, i.e. not immediately after furnishing the purchase transaction details online are: Using this facility…
View More Procedure for paying the TDS amount into the BankProcedure for furnishing TDS through the e-tax payment option immediately after providing the transaction details
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…
View More Procedure for furnishing TDS through the e-tax payment option immediately after providing the transaction detailse-Tutorial – TDS on sale of property
Provisions related to TDS on Immovable Properties u/s. 194-IA
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…
View More Provisions related to TDS on Immovable Properties u/s. 194-IATDS/TCS Rates Chart for A.Y. 2014-15 or F.Y. 2013-14
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…
View More TDS/TCS Rates Chart for A.Y. 2014-15 or F.Y. 2013-14TDS on transfer of immovable properties w.e.f 01.06.2013
From June 1st 2013, transfer by a resident of immovable property (other than agricultural land) where consideration exceeds Rs 50 lakhs would attract TDS @…
View More TDS on transfer of immovable properties w.e.f 01.06.2013Issuance of Form No. 16 (TDS Certificate for Salary)
Form No. 16 has to be issued annually by an employer (deductor) to its employees (deductee) in case of deduction made under section 192 (Salaries).…
View More Issuance of Form No. 16 (TDS Certificate for Salary)