TDS is deducted from the payments made by the individuals as per Income Tax Act. Various types & rates of TDS deduction are present. Focus on pay as you earn. TDS is a direct tax which is collected from the people at the time of payment like salary, rent, commission, etc. The TDS ...
You can opt for Tax-saver Fixed Deposits under Section 80C of the IT Act, wherein you can avail of a tax deduction of up to Rs. 1.5 lakhs. Recurring Deposit ARecurring Depositis a type of Term Deposit wherein you deposit a fixed amount (like instalments) for a fixed interval. In mos...
Employer details which include the name of the company, Tax Deduction Account Number (TAN), and PAN number The TDS amount that has been deducted every quarter, as well as details such as the dates of deposit, bank details through which TDS was made, the challan serial number for each trans...
This deduction is regardless of your tax slab. While filing your IT return, you can: Claim a refund if the TDS deducted is higher than your actual tax liability based on your income slab. Pay additional tax if the TDS deducted is lower than your actual tax liability. Reducing/Avoiding TDS...
TaxWitholdNatureOfRemittanceRefRecId_IN Extended Data Type [AX 2012] TaxWithoutTaxCredit_BR Extended Data Type [AX 2012] TaxWriteCode Extended Data Type [AX 2012] TaxYearlyComId_IT Extended Data Type [AX 2012] TCC Extended Data Type [AX 2012] TCPIPPort Extended Data Type [AX 2012] TDSTCS...
The seller can ask for an income tax return by submitting form 16B at the end of the fiscal year. The buyer can deduct 1% of the total sale amount of the immovable property and submit it to the government and give form 16B to the seller as proof of TDS deduction. Click to Download ...
Anyone who does not have a PAN Card and enters into any of the above mentioned transaction, must fill Form No. 60 as per Rule 114B of Income tax act, 1962. Note PAN Card details are required in case of Tax deduction at source i.e. TDS or Tax collection at source i.e. TCS under...