We provide total Solutions under one roof concerning preparing of E-TDS Returns & Electronic Furnishing of TDS returns & relevant consultancy work to our clients Our TDS Consultants let you know step by step procedure for Filing Quarterly TDS Returns.
Section 206AB of the Income Tax Act is recently introduced vide the Finance Act, 2021. Under section 206AB of the Act on any sum or income or the amount paid, or payable or credited, by a person (herein referred to as deductee) to a “specified person” who has ...
A CBDT circular no.4/2023 clarification regarding TDS deductions under section 192 read with subsection (IA) of section 115BAC of the Income Tax Act, 1961. Read Circular04th April 2023Nominate your eligible & validated bank account(s) to facilitate refund crediting if any refund is due. The...
Yes, the deduction of tax at source (TDS) on salary is compulsory under section 192 of the Income Tax act. An employer who pays wages to his/her employee must deduct TDS from the salary if the total income exceeds a certain threshold. What is the TDS rates for contractors? TDS Rate fo...
Tax deducted at source (TDS) is applicable on a variety of transactions in India, including sale of property.TDS on sale of property is applicable under Section 194-IA of the income tax law. However, buyers and sellers need not worry about TDS implications at all if the property value is...
32. Form 16 is issued on deduction of tax by the employer on behalf of the employee under section 192 of IT Act, 1961. Form 16A is issued if the deduction of tax is under any other provision of Chapter XVII-B of IT Act.These certificates provide details of TDS / TCS for various tra...
Under the new section 194Q inserted through Finance Act, 2021, a buyer will have todeduct TDS at 0.1 per cent of amount exceeding Rs 50 lakhat the time of credit of such sum to the account of the seller or at the time of payment, whichever is earlier. ...
under various schemes including Cashless Schemes are liable to deduct tax at source under Section 194J on all payments to Hospitals. DEFINITION OF TECHNICAL SERVICES; Explanation (2) to Section 9(1)(vii) “ Fees for Technical Services “, means any consideration ( including any lump sum ...
Section 194C 1%(Individual/HUF), 2% (others) Insurance commission received by an Individual Section 194D 5.00% Life Insurance Policies not exempt under Section 10(10D) Section 194DA 5.00% Payment in respect of deposits under National Saving Scheme 194EE 10.00% Payments on account of re-purcha...
Under Section 199 of Income Tax Law 1961, when tax has been deducted at source from any payment of income receivable, credit will be given to theDeducteewhile calculating the net tax payable by him and the TDS will be treated as a payment of tax on his behalf to the Central Government ...