the TCS field will be shown in the section below the item table, where you can create a TCS tax rate and apply it to the transaction. Zoho Books will automatically calculate the TCS amount based on the invoice amount and the TCS rate. ...
You shall be able to check whether the deductor has filled the TDS statement correctly or if the collector of tax has precisely filled the details of the Tax Collected at Source(TCS) You can verify whether the tax deducted and collected on behalf of you has been deposited in the government...
In the aforesaid transactions that come within the domain of Section 194-IA, the buyer (who is also called the deductor) has to deduct the TDS if the value of the transaction exceeds Rs 50 lakhs. Thereafter, the deductor ought to issue Form 16B to the deductee (i.e.seller). All ...
e-TDS/TCS return has to be prepared in the data format issued by e-Filing Administrator. This is available on the Income Tax Department website and NSDL-TIN website
TDS Deductor 10th Day of the Next Month TCS Collector 10th Day of the Next Month Interest on Late Payment of GST Late payment of GST attracts interest charges as per the provisions of the GST law. Here’s a detailed look at how it works: 1. Interest Rate for Late Payment 18% Per ...
Total the Income:Add up other income that you might receive in the form of rent, interest income, etc. Deduct the TDS deducted from your salaried income. Total Advance Tax:If the tax due exceeds Rs.10,000 then you’ll have to pay advance tax. ...
Whether you are a company or a non-company deductee Type of payment – TDS/TCS by a taxpayer or TDS/TCS by regular assessment The nature of payment The mode of payment – net banking or debit card TAN numberand assessment year Address, email ID and contact number ...
2–Type the captcha as shown in the image Then tap on‘Proceed’to go on TDS / TCS Credit page. 3–On the page, provide the following details. PAN of Deductee TAN Deductor Financial Year Quarter Type of Return 4–Tap on‘Go’and the TDS online payment details will be auto-generated...
How to add TDS rate in Deskera Books? How to add a new nature of income payment? How to add a new deductee type? How to apply TDS for a contact? How to apply TDS against a product? How to apply TDS for a bill document? How can I generate the TDS reports? How to apply TDS ...
Tax Deducted at Source (TDS) and Tax Collected at Source (TCS) Tax Deducted at Source (TDS)is a process to keep an eye on the transactions of the supply of goods and services by making the buyer of such transactions deduct a small amount to be paid to the supplier and deposit the amo...