As you know that to revised eTDS return Consolidated Statement file is required and for that also now you have to go to the new…
View More Password to open Consolidated Statement file downloaded from tdscpc.gov.inTag: Tax Deduction at Source
Credit for TDS allowed if Income shown in certificate is offered for tax despite certificate is not in Assessee name
Assessee is entitled to the credit of the TDS mentioned in the TDS certificates issued by the contractor, whether the said certificate is issued in…
View More Credit for TDS allowed if Income shown in certificate is offered for tax despite certificate is not in Assessee nameS.194H TDS not deductible on charges for utilization of credit card facilities
Commission paid to the credit card companies cannot be considered as falling within the purview of S.194H. Even though the definition of the term commission…
View More S.194H TDS not deductible on charges for utilization of credit card facilitiesTDS/TCS Compliances for 3rd Quarter of F.Y. 2012-13
TDS (Tax Deducted at Source) is one of the modes of collecting income tax from the assessees in India. This is governed under Indian Income…
View More TDS/TCS Compliances for 3rd Quarter of F.Y. 2012-13No penalty & interest for non deduction of TDS if deductee-payee having no tax liability
There cannot be any dispute that an assessee who is having losses cannot be compelled to pay the income-tax, as the Income-tax Act does not…
View More No penalty & interest for non deduction of TDS if deductee-payee having no tax liabilityBanks 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 limitGrossing up in absence of PAN should be at rates in force and not at 20%
As regards the grossing up u/s 195A of the Income-tax Act is concerned, we find that the provision reads as under: [In a case other…
View More Grossing up in absence of PAN should be at rates in force and not at 20%TDS not applicable on service rendered by Tenants Association to members even if the same is for remuneration
On the facts of the present case, we have noted that there is no finding by any of the authorities below that services are rendered…
View More TDS not applicable on service rendered by Tenants Association to members even if the same is for remuneration