Refund of TDS Under GST To the Government, if any excess amount is deducted and paid, a refund needs to be claimed, as this is not the amount the Government has right on. But, if the amount deducted is already added to the electronic cash ledger of the supplier, then this added amount...
Here is the detailed article on TDS & TCS under the GST law – a complete guide to understand the latest provisions & implementation of the same.
New change on TDS in withholding Tax All thing know about GST TDS Compliances of Tax Deducted at Source Basic Understanding of TDS Extension of TDS/TCS quarterly filing Date Tax & Regulatory Income Tax Service Tax Deduction at Source Certification Work Under Various LawsHappy...
Under such circumstances, the TDS Returns needs to be filed again. Who are Liable to file TDS Returns online? The people who are liable to file tax returns are as follows: Persons whose accounts are audited as per section 44AB Government officials Company What is TDS Refund period? Any ...
Facilitation of Refund Claims:In cases where excess tax has been deducted, filing TDS returns facilitates the process of claiming refunds during income tax return filing. Compliance with Tax Regulations:TDS Filing ensures compliance with tax regulations and helps maintain transparency in financial transact...
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There is no threshold limit as such referred under the Income Tax Act, and TDS is to be deducted from the whole amount of expense. Q. When is TDS deducted? TDS needs to be deducted while the amount of expenses is to be credited or paid to the payee, whatsoever is earlier. ...
Who could be liable to deduct TDS under GST law? If the total value of supply under a contract exceeds Rs 2.5 lakhs thenthe person/entitywould be liable to deduct TDS. How is TDS calculated? Compute the available exemptions underSection 10of the Income Tax Act (ITA) Subtract exemptions fou...
GST REFUND GST Registration GST Return IBC Income Tax Indirect Tax Insolvency International Taxation LLP MCA Compliance MSME NBFC (Non-Banking Financial Company) NGO NRI Others Project Finance RBI Consultancy SEBI Startup Statutory Audit Tax Audit ...
Check Income Tax Refund Status How to e-verify ITR-V Find HSN Code for GST File your Income Tax Return Steps to e-file Income Tax Return Register for e-filing Pay due tax: Easy steps Section 80 Deductions Explained Read Form 16 Read Form 26AS (Tax Credit) Send ITR-V to CPC Bangalore...