Section 194LC: TDS on Income by way of Interest from an Indian Company or a Business Trust
Deductor- The Indian Company or a business trust paying interest income Deductee- A non-resident, not being a company, or to a foreign company Time of…
View More Section 194LC: TDS on Income by way of Interest from an Indian Company or a Business TrustTDS Under Section 194J(a) & 194J(b)
The existing section code 194J (i.e. Fees for Professional or Technical Services) has been sub-divided now into two sections, 194J(a) and 194J(b), effective from August…
View More TDS Under Section 194J(a) & 194J(b)New FVUs Version 7.5 & 2.171 released NSDL – 9th April 2022
New versions of File Validation Utilities (FVUs) for e-TDS/TCS statements are released on 9th April, 2022 The key features of this FVU is summarized as…
View More New FVUs Version 7.5 & 2.171 released NSDL – 9th April 2022TDS in case of Salary Payment made in Foreign Currency
As per Section 192 of the Income Tax Act, “any person responsible for paying any amount under the head salaries is required to deduct tax…
View More TDS in case of Salary Payment made in Foreign CurrencyTDS / TCS Compliances Reminder for April 2022
7th April 2022 – Due date for TCS payment on collections made during March 2022 30th April 2022 – Due date for TDS payments on…
View More TDS / TCS Compliances Reminder for April 2022Section 194LBB – Income in respect of units of the Investment Fund
Section 194LBB of the Income Tax Act, 1961 has been inserted with effect from 1st June 2015 on TDS deduction on Income from Investment Funds. Time…
View More Section 194LBB – Income in respect of units of the Investment FundSection 194F- TDS on Repurchase of Units by Mutual Fund or Unit Trust of India (UTI)
Deductor- The person(Individual/HUF) making investments in Equity Linked Savings Scheme shall make deduction as per Sec 80CCB. Deductee- UTI or respective Mutual Fund Time of…
View More Section 194F- TDS on Repurchase of Units by Mutual Fund or Unit Trust of India (UTI)Section 194K: TDS on Income from mutual fund units
The Dividend Distribution Tax paid by Companies has been abolished in the Finance Bill 2020 and dividend income shall be taxable in the hands of…
View More Section 194K: TDS on Income from mutual fund unitsSection 194EE- TDS on Payments in respect of Deposit under NSS
Deductor- Any person responsible for making payment of any amount for the amount standing in NPS covered under Sec 80CCA and accrued interest. Deductee- Person…
View More Section 194EE- TDS on Payments in respect of Deposit under NSSAllocation of Interest in TDS Returns
For delayed payment of TDS or delayed deduction, the deductor needs to pay interest for these delays. The interest is paid in through Challan /…
View More Allocation of Interest in TDS Returns