Tag Archives: TDS deduction

Basic Principles of TDS Compliance

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The Basic principles of TDS compliance are as follows Deduction of tax at correct rates at right time TDS needs to be deposited timely every month Correct reporting of the… Read more »

No TDS to be deducted if commission paid to foreign agents for rendering services abroad

ITAT Chennai Bench recently held that assessee is not liable to deduct tax at source for making payment to its foreign agents for rendering services abroad, if the foreign agent… Read more »

Evaluate your TDS defaults using Justification report downloaded from TRACES

After the submission of your TDS return you have the option to evaluate your return by downloading the Justification report from the TRACES website. This report lists out the following… Read more »

Provisions related to TDS on Immovable Properties u/s. 194-IA

Provisions related to TDS payment and furnishing of TDS Certificate 1. Any sum deducted under section 194-IA shall be paid to the credit of the Central Government within a period… Read more »