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 defaultsTag: section 194A
Consequences 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 defaultsSection 194A- TDS on Interest (Other than Interest on Securities)
TDS to be deducted on interest payable like interest on fixed deposit, interest on unsecured loan. Interest on securities are not covered under this section…
View More Section 194A- TDS on Interest (Other than Interest on Securities)TDS on Interest for senior citizens
As per the budget proposal of 2018-19, for senior citizens there needs to be no TDS deducted on interest upto Rs. 50,000/- under section 194A.…
View More TDS on Interest for senior citizensSame Payment Challan can be used for TDS under different Sections/ Heads
Same Payment Challan can be used for TDS under different Sections/ Heads Payments can be made for TDS against multiple Sections in a single challan.…
View More Same Payment Challan can be used for TDS under different Sections/ HeadsCBDT: Initiatives for Reducing Litigation
Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes PRESS RELEASE New Delhi, 15th January, 2016 Subject: Initiatives for reducing…
View More CBDT: Initiatives for Reducing LitigationDue Dates for January 2016
7 January 2016 – Due date for deposit of Tax deducted/collected for the month of December, 2015. However, all sum deducted/collected by an office of…
View More Due Dates for January 2016Amendments 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 01.06.2015Banks suggest reintroduction of deduction u/s. 80CCF & increase in 194A TDS limit
Existence of Efficient Financial Markets is Paramount for Achieving Economic Growth: FM The Union Finance Minister Shri P .Chidambaram said that existence of efficient financial…
View More Banks suggest reintroduction of deduction u/s. 80CCF & increase in 194A TDS limit