How to ensure proper TDS deductionGautam Nayak
the threshold is ₹40,000, while for senior citizens, it is ₹50,000. If your total taxable income is below the exemption limit, you can avoid TDS deduction by submitting Form 15G (for those under 60) or Form 15H (for senior citizens...
However, On next date the Bench was changed and New Judge did not see Previous Orders and simply Admitted the Appeal without any Reason. And stated to be list in Regular Matters. In this process the company may run away as it has already siphoned off funds and filed Forged Balance sheet ...
India. It provides an easy-to-use interface with a simple and intuitive interface. Our software is an innovative tool that allows users to predetermine the TDS amount, prepare the TDS returns, and calculate interest, penalty, and late filing fees...
TDS will continue to consider claims for deposit deductions based on the loss suffered by an agent/landlord as a result of the tenant's failure to comply with the tenancy agreement. To avoid disputes or prepare your case for a deduction claim, you should familiarise yourself with the points ...
Hit Enter to see the result. Method 2 – Input Necessary Information The number of months and the interest rate. We will list the Date of Transaction or Bill Date along with the Date of TDS Deducted or Entry Pass. Method 3 – Summary of Interest for Late Deduction The previous step, fir...
Nevertheless, the PAN is the mandatory requirement for both the buyer and the seller in case the TDS deduction occurs using Form 26QB The buyer ought to deposit TDS and submit the form 26QB via Gen TDS Software within 30 days calculated from the end date of the month in which TDS has ...
Step 5 – Calculate PF, Tax & TDS and Deduct Them from Gross Salary Add columns on the right side for the deductions. Calculate thePFbased on theBasic Salary–9%. Enter the following formula inT6. =ROUNDUP($M6*9%,0) PressEnterand drag theFill Handle. ...
In the case of employees, the responsibility of online Profession Tax Payment Maharashtra falls upon the employer, who is responsible for the deduction and payment of profession tax to the state government based on the monetary threshold, if any, provided by the respective State's legislation. An...
Let’s take an example. Imagine you want to create a column that calculates the net donation amount after tax deduction based on the values in theDonationandTax Ratecolumns. The steps are: Go to theAdd Columntab and click onCustom Column. ...