The following sections list the services that TDS is applied on, as specified by the Government of India. Residents Income from salaries (Under section 192) Income from interest on securities (Under section 193) Income from dividend (Under section 194) Income from interest (Under section 194A) ...
For a Non-salary individual: FORM 16A providing details about tax deduction and payment. Separate certificates for different sections. TDS Return Due Date (Note: From June the due dates have become SAME for e-filling or physical.) TDS Return Due Date for Assessment Year 2017-18 (F.Y. 2016...
The specified person shall not include a non-resident who does not have a permanent establishment in India. Also, this section shall not apply where the tax is required to be deducted under sections 192, 192A, 194B, 194BB, 194LBC, or 194N of the Act. ...
Compliance check for Sections 206AB & 206CCA TDS / TCS - Rate Chart Easy & Seamless Usage Facility to auto update the Software Auto update of File Validation Utility Compliance Reminders & Alerts Software is provided with User Manual, Video Demo for easy understanding ...
(that is, the specified person hasn't provided PAN information and also hasn't filed income tax returns for the last two years). In these cases, the tax must be deducted at the higher rate between both sections. In other words, TDS must be deducted at the higher of the rate und...
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Amended Section 115BBE for Unaccounted Income Introduction: Section 115BBE was introduced to curb tax evasion by imposing a higher tax rate on unexplained income covered under Sections 68, 69, 69A, 69B, 69C, and 69D. This provision gained significant relevance post-demonetization(2016), as the...
Pay TDS in 30 seconds TDS and TCS under GST Under the Goods and Services Tax (GST) regime in India, TDS (Tax Deducted at Source) and TCS (Tax Collected at Source) are applicable in certain scenarios. Here’s an overview ofTDS and TCS under GST: ...
Effect of amendment: The persons having turnover of more than Rs. 1 crore but less than Rs. 2 crores and declaring income u/s 44AD would be required to deduct TDS under the above sections. Example: Mr. A has a turnover of Rs. 1,25,00,000 in the P.Y. 2018-19. In F.Y. 201...
Dissatisfied with the CIT(A) orders, the taxpayers are in appeal to us. He mentioned, the AO has permitted TDS credit under Form 26AS without appreciating the fact i.e under provisions of sections 199 & 200 of the Act, TDS credit must be approved when the income related to TDS has ...