Claiming TDS return TDS Credit can be claimed by the deductor. To claim the credit of the TDS, the deductee must mention the details of the TDS in his returns of income. The deductee is required to take due care to quote the correct TDS certificate number and the TDS details while fil...
Is it necessary that I should have claimed the TDS amount in my return in the year that I have shown the income. Since it was not reflecting in my 26AS, I did not claim the TDS amount in my return. However, I did account for the income. Can I still file Form 71. If not, what...
The NRI is also allowed deduction for principal repayment under section 80C. Stamp duty and registration charges paid on purchase of a property can also be claimed under section 80C. A tenant who pays rent to an NRI owner must remember to deduct TDS at 30%. The income can be received to...
I even leased their eeros devices as they claimed ours were defective, even though now they all work fine with spectrum. We repeatedly called their repair service to complain only to be told it's our equipment when the TV service went down for nearly 2 days. But all of a sudden when ...
When can TDS on salary be claimed? Income tax rules require you to claim TDS credit on income you receive in the same financial year as the TDS is deducted. TDS credit can be missed if you are not careful when filling out tax details in ITR form. Can TDS be paid offline? Yes, TDS...
In case the amount is not claimed by deductee Refund of the erroneous excess TDS deducted is possible to the deductor, subject to the refund provisions and procedure of the Act. TCS under GST What is the rate of TCS under GST?
14 September 2020Rani Shah Hi can you please help me to fill my form no 16 27 January 2020Dilip kumar The gst tds can be claimed in next year if we forget to claim in the respective year Your are not logged in . Please login to post comments. ...
In some cases TDS is treated as income tax paid by the TDS withholding agent on behalf of the TDS withholdee. It can therefore be claimed as a tax credit when filing income tax return and reduces the income tax liability. 2. From which payments and at what rate must TDS be deducted?
There is only one refund which a taxpayer can claim while filing their income tax return. If you had paid more tax than your liable tax, then income tax refund will arise that can be claimed upon the filing of your annual Income Tax Return. Q. Is there any penalty for non-deduction ...
both in its current footprint and adjacent areas. By leveraging on fiber, the telco is trying to respond to customers' growing TV and broadband service demand. At the end of the reported second-quarter 2017, the service provider claimed to have expanded about 19% of its network route miles...