The government of India has been implementing measures to curb tax evasion and increase tax compliance by streamlining the tax collection processes. One of those…
View More TDS / TCS at Higher Rates for Non-filers of Income Tax ReturnTag: TDS
Key TDS & TCS Amendments in Budget 2023
The finance minister in her 2023 budget announced, that the intention of government is to maintain continuity as well as simplify taxation and reduce the…
View More Key TDS & TCS Amendments in Budget 2023TDS Deduction on EPF Interest (New Rule)
Employee Provident Fund (EPF) was earlier not subject to tax and was tax-free in the hands of the employee. When a contribution was made, the…
View More TDS Deduction on EPF Interest (New Rule)Salary Details (Annexure II) : Form 24Q-Q4
Vide Notification No. 36/2019 by the Income Tax Department it had substantially modified the format of Part B of Form 16 (Salary TDS Certificate given…
View More Salary Details (Annexure II) : Form 24Q-Q4Union Budget 2023 – Proposed Changes in TDS & TCS
Reduction of TDS Rates applicable under Sec 192A in case of non-availability of PAN Presently, section 192A provides that TDS should be deducted at the…
View More Union Budget 2023 – Proposed Changes in TDS & TCSTDS / TCS Compliance Reminder for January 2023
7th January 2023 – Due date for TDS/TCS payment for deductions/collections during December 2022 15th January 2023 – Due date of filing TCS Return for Quarter 3 of Financial Year 2022-2023…
View More TDS / TCS Compliance Reminder for January 2023Late Payment Intimation – reasons & how to resolve?
In the TDS Return filed, the intimation for Late Payment can be received for the following reasons: Case #1: There was a delay in payment…
View More Late Payment Intimation – reasons & how to resolve?Online TDS / TCS / Demand Payment using Challan ITNS 281
Challan no. ITNS 281 is used by deductors to deposit TDS, TCS and demand payment. Following details are necessary to fill while payment of Challan…
View More Online TDS / TCS / Demand Payment using Challan ITNS 281Section 193 – TDS on Interest on Securities
Section 193 – TDS shall be deducted on interest paid on securities by the interest payer Time of Deduction- TDS to be deducted at the…
View More Section 193 – TDS on Interest on SecuritiesSection 193 – TDS on Interest on Securities
Section 193 – TDS shall be deducted on interest paid on securities by the interest payer Time of Deduction- TDS to be deducted at the…
View More Section 193 – TDS on Interest on Securities