Tag: Section 192

Requirement for obtaining evidence/ particulars by employer for TDS -Section 192

Currently, the person responsible for paying salary has to depend upon the evidence/ particulars furnished by the employee in respect of deductions, exemptions and set-off of loss claimed. There is… Read more »

Changes in Tax Deducted at Source (TDS) and Tax Collected at Source (TCS) in Budget 2015

Several amendments have been proposed in the sections dealing with the deduction of tax at source. 1. Requirement for obtaining evidence/ particulars by employer for TDS-Section 192 1.1 Currently, the… Read more »

CBDT circular on calculation of TDS on salary for FY 2014-15

CBDT has released Circular no. 17/2014 which contains the rates of deduction of income-tax from the payment of income chargeable under the head “Salaries” during the financial year 2014-15 and explains… Read more »

CPC (TDS) Advisory to deductors making TDS payment through multiple challans in a month

CPC (TDS) has issued an advisory communication to all deductors who have used multiple challans in a month for payment of TDS. In its advisory, CPC (TDS) has discussed about… Read more »

Amount paid to seconded personnel not liable for deduction of tax at source

The trained man-power deployed abroad is drawn for the employees of its member companies. However, such deployed man-power continue to be the employees of its member companies but are seconded… Read more »