TDS Computation When an Employee Works for 2 Companies (Employers) in a Financial Year
There are 2 types of scenarios in which an individual may be working for more than one employers in a financial year. they are as…
View More TDS Computation When an Employee Works for 2 Companies (Employers) in a Financial YearWaiver of Interest under section 220(2A) by Commissioner
The Principal Chief Commissioner or Chief Commissioner or Principal Commissioner or Commissioner may reduce or waive the amount of interest paid or payable by the…
View More Waiver of Interest under section 220(2A) by CommissionerTDSMAN updated with FVU ver. 6.1 & FVU ver. 2.157
TDSMAN has been updated for the following newly released File Validation Utilities: FVU ver. 6.1 – For statement pertaining to FY 2010-11 onwards FVU ver. 2.157 –…
View More TDSMAN updated with FVU ver. 6.1 & FVU ver. 2.157FVU 6.1 & FVU 2.157 released by NSDL
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…
View More FVU 6.1 & FVU 2.157 released by NSDLKey Features – File Validation Utility (FVU) version 6.1 & 2.157
File Validation Utility (FVU) version 6.1 Changes in field level validations for field “Deduction under section 16 (ia)” under Annexure II (Salary Details) of Form…
View More Key Features – File Validation Utility (FVU) version 6.1 & 2.157TDS statement should be filed after payment of interest for delay in payment of TDS to avoid demand notice
Every deductor has to furnish quarterly statement in respect of tax deducted by him i.e., TDS return. As per section 201(1A), interest for delay in…
View More TDS statement should be filed after payment of interest for delay in payment of TDS to avoid demand noticeWhat is the Interest for non-payment of tax as per demand notice?
Let us first understand the provisions of section 220(1) relating to payment of tax as per demand notice. Then we will understand the provision for…
View More What is the Interest for non-payment of tax as per demand notice?Validity of demand notice on filing an appeal to challenge the same
When a demand notice is served and an appeal or proceeding is filed or initiated with respect to the amount specified in the notice of…
View More Validity of demand notice on filing an appeal to challenge the sameTDS Compliances for the Month of April 2019
Last date for payment of tax deductions for March 2019 – 30th April, 2019. Filing of TDS Returns for the quarter ended March 2019 (FY:2018-19…
View More TDS Compliances for the Month of April 2019TDS U/s 195 on payment of commission to foreign agent – not to be deducted (Judgement)
Bengal Tea & Fabrics Ltd. Vs Dy. CIT (ITAT Kolkata) ITAT held that when no business operations of commission agent were carried on in India,…
View More TDS U/s 195 on payment of commission to foreign agent – not to be deducted (Judgement)