TDS / TCS (Income Tax) – Information & Resource Bank
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The due date for deduction is either at the time of giving credit or payment of the dues, whichever is earlier. Late deduction happens in the event the tax is not deducted when the deduction is due and is deducted at a later date. The interest for the delay in deduction is charged at the…
TDS RATE CHART FY: 2019-20 (AY: 2020-21) Section Nature of Payment Threshold Indv/ HUF Others Rs. TDS Rate (%) 192 Salaries – Avg – 192A Premature withdrawal from EPF 50000 10 – 193 Interest on Securities 10000 10 10 194 Dividends 2500 10 10 194A Interest (Banks) 40000 10 10 194A…
Given below are the points one should remember regarding TDS statement: Correct Reporting: Cancellation of TDS return and deductee row is no longer permissible. Accordingly, it is very important to report correct and valid particulars (TAN of the deductor, Category (Government / Non-Government) of the deductor, PAN of the deductees and other particulars of deduction of…
Use TDSMAN Software to simplify your TDS Returns preparation and effectively handle defaults and corrections. It will serve you for: ✔ All TDS Returns for FY: 2019-20 ✔ Online Filing ✔ Pending TDS Returns of earlier years, if any ✔ PAN Verification ✔ TRACES Integrated ✔ Default Predictor ✔ Interest & Auto Tax Calculator Visit…
TDS RATE CHART FY: 2019-20 (AY: 2020-21) Section Nature of Payment Threshold Indv/ HUF Others Rs. TDS Rate (%) 192 Salaries – Avg – 192A Premature withdrawal from EPF 50000 10 – 193 Interest on Securities 10000 10 10 194 Dividends 2500 10 10 194A Interest (Banks) 40000 10 10 194A…
Given below are the points one should remember regarding TDS statement: Correct Reporting: Cancellation of TDS return and deductee row is no longer permissible. Accordingly, it is very important to report correct and valid particulars (TAN of the deductor, Category (Government / Non-Government) of the deductor, PAN of the deductees and other particulars of deduction of…
The Income Tax Department has released on 12th May 2019, the following new File Validation Utilities: FVU version 6.2 – For statement pertaining to FY 2010-11 onwards FVU version 2.158 – For statement up to FY 2009-10 Click here to view the key features of FVU version 6.2 & FVU 2.158 TDSMAN will incorporate new…
TDS RATE CHART FY: 2019-20 (AY: 2020-21) Section Nature of Payment Threshold Indv/ HUF Others Rs. TDS Rate (%) 192 Salaries – Avg – 192A Premature withdrawal from EPF 50000 10 – 193 Interest on Securities 10000 10 10 194 Dividends 2500 10 10 194A Interest (Banks) 40000 10 10 194A…
The Income Tax Department has released today (12th April 2019), the following new File Validation Utilities: FVU version 6.1 – For statement pertaining to FY 2010-11 onwards FVU version 2.157 – For statement up to FY 2009-10 Click here to view the key features of FVU version 6.1 & FVU 2.157 TDSMAN will incorporate new…
On popular demand, we are pleased to announce the release of TDSMAN (FY: 2019-20). Now you can prepare TDS Returns for Q4 of FY: 2018-19 and all quarters of the next FY: 2019-20: It covers: ✔ All TDS Returns for FY: 2019-20 ✔ All TDS Returns for FY: 2018-19 ✔ Pending TDS Returns of earlier…