TDS not applicable on service rendered by Tenants Association to members even if the same is for remuneration
On the facts of the present case, we have noted that there is no finding by any of the authorities below that services are rendered…
View More TDS not applicable on service rendered by Tenants Association to members even if the same is for remunerationIf non deduction of TDS on Salary is pursuant to HC order Assessee not liable for consequences u/s. 201
Section 192 deals with the deduction of tax at source. It is computed on the estimated income of the assessee under the head salary and…
View More If non deduction of TDS on Salary is pursuant to HC order Assessee not liable for consequences u/s. 201Take penal action against TDS defaulters : govt directs
The Revenue Department has asked its officials to take action against those entities which do not promptly deposit with exchequer the tax they collect at…
View More Take penal action against TDS defaulters : govt directsTDS on rent 194-i not including service tax
 A long awaited clarification regarding tds on payment of service tax on rent u/s 194-I has been Issued by the CBDT. Details about the issue…
View More TDS on rent 194-i not including service taxTDS on cold storage rent-194c or 194i ?
Clarification regarding applicability of provisions of Section 194-I to payments made by the customers on account of cooling charges to the cold storage owners. Representations…
View More TDS on cold storage rent-194c or 194i ?Income-tax deduction from salaries under section 192 during the financial year 2012-13
Circular no. 8/2012 [F.NO. 275/192/2012-IT(B)], DATED 5-10-2012 Reference is invited to Circular No. 05/2011, dated 16-8-2011 whereby the rates of deduction of income-tax from the…
View More Income-tax deduction from salaries under section 192 during the financial year 2012-13TDS rates for financial year 2012 -13
 TDS (tax deducted at source) Rate Chart for Financial year 2012-13 is given below. Sl. No. Section Of Act Nature of Payment in brief Cut…
View More TDS rates for financial year 2012 -13Service tax Payable on TDS as it is part of Consideration
Section 67 of the Act has made provision for valuation of taxable service for charging service tax. According to Section 67(1)(a) of the Act where…
View More Service tax Payable on TDS as it is part of ConsiderationInternational Tax TDS on Overseas Commission
After withdrawal of circular No. 786 of 2000, vide CBDT circular 7/2009 there is a lot of confusion in mind of exporters relating to deduction…
View More International Tax TDS on Overseas CommissionNew FVU 3.6 & FVU 2.133 mandatory for eTDS/eTCS return w.e.f.16.10.2012
New File Validation Utilities – FVU 3.6 & 2.133 has been released pertaining to validation of eTDS & eTCS returns and will be exclusively applicable…
View More New FVU 3.6 & FVU 2.133 mandatory for eTDS/eTCS return w.e.f.16.10.2012