Category Archives: TDS Rates

Tax rates for various sections.

Penalty on Non deduction, late deduction and late deposit of TDS

Non deduction, late deduction and late deposit of TDS may lead you to face following consequences: Interest on late deduction /deposit of Tax at source. Dis-allowance of Expenses, on which… Read more »

Credit is to be allowed in respect of TDS made on higher amount of reimbursement than actually offered to tax

Undisputedly, the assessee company earned income of Rs. 4,65,00,000/- only by way of Engineering fees. Another amount of Rs 4,65,00,000/- had been received as tooling advance. This latter amount was… Read more »