Section 194C of the Income Tax Act governs the deduction of tax on payments made to contractors or subcontractors for carrying out any work, including…
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Tag: TDS deduction
TDS U/s 195 on payment of commission to foreign agent – not to be deducted (Judgement)
Bengal Tea & Fabrics Ltd. Vs Dy. CIT (ITAT Kolkata) ITAT held that when no business operations of commission agent were carried on in India,…
View More TDS U/s 195 on payment of commission to foreign agent – not to be deducted (Judgement)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-residentTDSMAN – you may trust for preparing error-free TDS Returns
Benefits of Using TDSMAN Prepare Returns for all Forms -24Q, 26Q, 27Q, 27EQ Prepare Correction statements Covers all previous financial years Import Data from Excel…
View More TDSMAN – you may trust for preparing error-free TDS ReturnsBasic Principles of TDS Compliance
The Basic principles of TDS compliance are as follows Deduction of tax at correct rates at right time TDS needs to be deposited timely every…
View More Basic Principles of TDS ComplianceNo TDS to be deducted if commission paid to foreign agents for rendering services abroad
ITAT Chennai Bench recently held that assessee is not liable to deduct tax at source for making payment to its foreign agents for rendering services…
View More No TDS to be deducted if commission paid to foreign agents for rendering services abroadEvaluate your TDS defaults using Justification report downloaded from TRACES
After the submission of your TDS return you have the option to evaluate your return by downloading the Justification report from the TRACES website. This…
View More Evaluate your TDS defaults using Justification report downloaded from TRACESProvisions related to TDS on Immovable Properties u/s. 194-IA
Provisions related to TDS payment and furnishing of TDS Certificate 1. Any sum deducted under section 194-IA shall be paid to the credit of the…
View More Provisions related to TDS on Immovable Properties u/s. 194-IATDS 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…
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