TDS should be deducted u/s 195 on transponder fees paid to non-resident
Viacom 18 Media Pvt. Ltd. Vs Asst. Director of Income Tax (ITAT Mumbai) Viacom 18 Media Pvt. Ltd. (Assessee) has leased transponder on satellites owned…
View More TDS should be deducted u/s 195 on transponder fees paid to non-residentTDS Returns for Salary – Quarter 4
Owing to pay salary to an employee the employer deducts a certain amount of TDS from salary of that employee u/s 192. The employer should…
View More TDS Returns for Salary – Quarter 4Order of High Court of Gujarat – 24th September, 2018
High Court of Gujarat in case of Devarsh Pravinbhai Patel v/s Asst Commissioner Of Income Tax has held that TDS credit has to be provided…
View More Order of High Court of Gujarat – 24th September, 2018Interest Liability for TDS Assessee-in-Default
A TAN holder who fails to deduct whole or any part of the tax at source is treated as an assessee-in-default. But, as per provision…
View More Interest Liability for TDS Assessee-in-DefaultNon-Deduction of TDS owing to bonafide belief by Deductor – Judgement/Order
Ms Karnataka Power Transmission Corpn. Ltd. Vs ITO (OSD) (TDS) (ITAT Bangalore) FACTS – Karnataka Power Transmission Corporation Ltd. paid cash equivalent of unutilized leave…
View More Non-Deduction of TDS owing to bonafide belief by Deductor – Judgement/OrderWhat is the difference in TDS on Rent u/s 194-I and 194-IB?
What is the difference between section 194-I and 194-IB? Section 194-I is applicable to the tenant who is an individual or HUF (Hindu Undivided Family)…
View More What is the difference in TDS on Rent u/s 194-I and 194-IB?How to calculate the Interest for failure to deduct tax at source?
As per the provisions in section 201, if a person liable to deduct tax at source does not deduct it, then, such person, shall be…
View More How to calculate the Interest for failure to deduct tax at source?How to calculate the Interest for delay in payment of TDS?
If any person who after deducting tax at source fails to pay, the whole or any part of the tax to the credit of the…
View More How to calculate the Interest for delay in payment of TDS?Special Discount on TDSMAN (FY: 2019-20)
On popular demand, we are pleased to announce the release of TDSMAN (FY: 2019-20). Now you can prepare TDS Returns for Q4 of FY: 2018-19…
View More Special Discount on TDSMAN (FY: 2019-20)7th March – last date for TDS & TCS payment
Please note that 7th March, 2019 is the last date for TDS and TCS payments for the deductions made in February 2019. Make sure to do…
View More 7th March – last date for TDS & TCS payment