Budget 2019 – TDS on gross amount including incidental charges while purchasing of immovable property
Any person (buyer) who is liable to make payment while purchasing immovable property should deduct TDS mentioned u/s 194 – IA. If amount of ‘consideration’…
View More Budget 2019 – TDS on gross amount including incidental charges while purchasing of immovable propertyBasic duties of the person who is liable to deduct tax at source
Following are the basic duties of the person who is liable to deduct tax at source: He shall obtain Tax Deduction Account Number and quote…
View More Basic duties of the person who is liable to deduct tax at sourceInterest on Late Payment of TDS
In case the assessee deposits the TDS Payment after the due date of payment of the tax deducted at source, he shall be liable to…
View More Interest on Late Payment of TDSDos & Don’ts for TDS Returns
Given below are some dos and don’ts for the filing of TDS returns: Dos Ensure that TDS return is filed with the same TAN against…
View More Dos & Don’ts for TDS ReturnsSection 194M – Deduction of TDS by Individual and HUF from payments to contractors and professionals
A new section 194M has been proposed in the Budget of 2019 wherein an individual or an HUF (those not covered in TDS), is now…
View More Section 194M – Deduction of TDS by Individual and HUF from payments to contractors and professionalsSection 194M – Rationale & Brief Analysis
A new section 194M has been proposed in the Budget of 2019 wherein an individual or an HUF (those not covered in TDS), is now…
View More Section 194M – Rationale & Brief AnalysisTCS Return – Last Date 15th July
15th July is the last date for filing TCS Returns for FY:19-20, Quarter 1. Typically TCS is applicable on sale of items like scrap, forest…
View More TCS Return – Last Date 15th JulyOnline TDS/TCS/Demand Payment using Challan ITNS 281
Challan no. ITNS 281 is used by deductors to deposit TDS, TCS and demand payment. Following details are necessary to fill while payment of Challan…
View More Online TDS/TCS/Demand Payment using Challan ITNS 281TDS/TCS Compliances for July, August & September 2019
Compliances for July 15th July – last date of filing TCS Returns for FY: 19-20, Quarter 1 (Apr – Jun) 30th July – last date…
View More TDS/TCS Compliances for July, August & September 2019TDS & TCS Rate Chart (FY: 2019-20 / AY: 2020-21)
TDS RATE CHART FY: 2019-20 (AY: 2020-21) Section Nature of Payment Threshold Indv/ HUF Others Rs. TDS Rate (%) 192 Salaries …
View More TDS & TCS Rate Chart (FY: 2019-20 / AY: 2020-21)