Under Chapter XVII-B of the Act, a person is required to deduct tax on certain specified payment at the specified rate if the payment exceeds…
View More Budget 2015-16: Rationalisation of provisions relating to tax deduction at source (TDS) and tax collection at source (TCS)Tag: Tax Deduction at Source
TDS on Big Transporters proposed to be levied wef 01.06.2015
Under the existing provisions of section 194C of the Act payment to contractors is subject to tax deduction at source (TDS) at the rate of…
View More TDS on Big Transporters proposed to be levied wef 01.06.2015CPC (TDS) follow up communication: Substantial Reduction in TDS Deposited during Financial Year 2014
CPC (TDS) has issued a follow up communication to all deductors regarding substantial reduction in the amount of Tax Deposited during the period April 1 to…
View More CPC (TDS) follow up communication: Substantial Reduction in TDS Deposited during Financial Year 2014Seminar on TDS at Mumbai – by ASSOCHAM : TDSMAN as “Automation Partner”
ASSOCHAM is organizing a National Seminar on Tax Deduction at Source (TDS) at Hotel Four Seasons, Worli, Mumbai on 20th June 2014 from 9:30 am…
View More Seminar on TDS at Mumbai – by ASSOCHAM : TDSMAN as “Automation Partner”TDS/TCS Compliances May 2014
1. Last date for payment of tax deductions/collections for April-7th May 2014 2. Last date of filing of TDS/TCS returns for Q4 of F.Y. 2013-14…
View More TDS/TCS Compliances May 2014FAQ on Section 194H – TDS from Commission and Brokerage
Q1. Who is responsible to deduct tax u/s 194H? Ans. Any person, (other than individual or a Hindu undivided family) who is responsible for paying, to…
View More FAQ on Section 194H – TDS from Commission and BrokerageTen Tax Saving Options for Salaried Employees
1. Leave allowance: An employee can use such an allowance to cover his domestic travel and can be used for air, rail, and road transport. 2.Gratuity…
View More Ten Tax Saving Options for Salaried EmployeesNo Penalty for mere reduction in deduction claimed
Issue – Whether the penalty was imposed U/s 271(1)(c ) because of the reason that the deduction claimed under section 80-IB by the respondent-assessee was…
View More No Penalty for mere reduction in deduction claimedAmount paid to seconded personnel not liable for deduction of tax at source
The trained man-power deployed abroad is drawn for the employees of its member companies. However, such deployed man-power continue to be the employees of its…
View More Amount paid to seconded personnel not liable for deduction of tax at sourceDownload new Form 16A new TRACES pdf generation utility with digital singnature
www.tdscpc.gov.in has now provided a new form 16A PDF generation utility lighter version with small size and with digital signature feature. The steps to install…
View More Download new Form 16A new TRACES pdf generation utility with digital singnature