Though there is a provision to deduct tax at the source of income, one must assess this tax position. Despite TDS, one may have to…
View More Tax deducted at source and actual tax liability may differTag: Form 15G
Amendments pertaining to TDS from interest w.e.f June 01, 2015
TDS from interest (other than interest on securities)-Section 194A There are several amendments pertaining to TDS from interest. 3.1 Interest on fixed deposits with banks…
View More Amendments pertaining to TDS from interest w.e.f June 01, 2015TDS from interest on Recurring Deposit (RD), deposit in Cooperative Bank w.e.f 01.06.2015
There are several amendments pertaining to TDS from interest. 3.1 Interest on fixed deposits with banks attracts TDS under Section 194A. Only exception to this…
View More TDS from interest on Recurring Deposit (RD), deposit in Cooperative Bank w.e.f 01.06.2015Mandatory requirement of furnishing PAN in all TDS statements u/s. 206AA
The non-quoting of PAN by deductees in many cases have led to delay in issue of refund on account of problems in the processing of…
View More Mandatory requirement of furnishing PAN in all TDS statements u/s. 206AAForm 16,16A, 24Q, 26Q, 27C, 27D, 27Q, 27EQ Amended Notification 11/2013
TDS related forms and rules regarding digital singnature of TDS return has been changed through INCOME-TAX (SECOND AMENDMENT) RULES, 2013 – AMENDMENT IN RULES 31A…
View More Form 16,16A, 24Q, 26Q, 27C, 27D, 27Q, 27EQ Amended Notification 11/2013Avoid TDS deduction on income Submit Form 15H/15G
Form 15G and form 15H are used for avoiding the TDS deduction at source if deductee expects his Income to be lower then the taxable…
View More Avoid TDS deduction on income Submit Form 15H/15GDeclaration for No TDS on Interest under Senior Citizens Savings Scheme – Clarification
The Government has issued followed clarification regarding Senior Citizens Saving Scheme: An individual resident in Indian of sixty-five years of age or above may furnish…
View More Declaration for No TDS on Interest under Senior Citizens Savings Scheme – ClarificationTDS Not to be Deducted on Declaration Furnished by Payee
As per Section 197, TDS shall not be deducted at source in certain cases where the payee furnishes a declaration in writing that the tax…
View More TDS Not to be Deducted on Declaration Furnished by Payee