Tax on Salary – Popular Exemptions & Deductions
Salaried employees form the major chunk of the overall taxpayers in the country and the contribution they make to the tax collection is quite significant.…
View More Tax on Salary – Popular Exemptions & DeductionsDate Extended for TDS Returns (FY: 20-21, Q-4)
Extension of time limits for certain TDS compliances has taken place, to provide relief to taxpayers in view of the severe pandemic. Reference Circular Number:…
View More Date Extended for TDS Returns (FY: 20-21, Q-4)Section 192 – TDS on Salary
What is Salary? Salary include Wages, Annuity or Pension, Gratuity and others as per Section 17(i). It also includes Perquisites as per Section 17(ii) and…
View More Section 192 – TDS on SalaryConsequences of TDS defaults
Failure to deduct taxes or wrong deduction of TDS (non deposit, short deposit or late deposit) : Default/ Failure Section Nature of Demand Quantum of…
View More Consequences of TDS defaultsTax on Salary – Popular Exemptions & Deductions
Salaried employees form the major chunk of the overall taxpayers in the country and the contribution they make to the tax collection is quite significant.…
View More Tax on Salary – Popular Exemptions & DeductionsTDS 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)TDS 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 ReleasedUseful guidelines to avoid common mistakes while submitting TDS Statements
Following are some useful guidelines to avoid common mistakes, while submitting TDS Statements and you are requested to go through the following in detail. Incorrect…
View More Useful guidelines to avoid common mistakes while submitting TDS StatementsTDS / TCS Compliances for May 2021
7th May 2021 – Due Date for TDS / TCS payment for deductions / collections during April 2021 15th May 2021 – Due Date for Filling…
View More TDS / TCS Compliances for May 2021Computation of Income from House Property- Deduction of Interest u/s 24(b)
Income like rent on house property, annual value of property “deemed” to be let out are considered as income from House Property and is taxable…
View More Computation of Income from House Property- Deduction of Interest u/s 24(b)