Tag: TDS

DEDUCTORS MUST ENSURE CORRECT CREDIT OF TDS IN CORRECT PERSON

Deductors Must Comply with their Obligations to Ensure Correct Credit to Persons from Whose Income Tax is Deducted at Source. All deductors other than Government deductors must file their quarterly… Read more »

26AS Statement : How to Get Tax Credit for Non Reflected Amounts

Non reflection of TDS on bank FD or term deposit in 26AS statement is very common problem these days. The reason for this problem is very simple the bank is… Read more »

Declaration for No TDS on Interest under Senior Citizens Savings Scheme – Clarification

The Government has issued followed clarification regarding Senior Citizens Saving Scheme: An individual resident in Indian of sixty-five years of age or above may furnish a declaration in Form No…. Read more »

TDS Not to be Deducted on Declaration Furnished by Payee

As per Section 197, TDS shall not be deducted at source in certain cases where the payee furnishes a declaration in writing that the tax on his estimated total income… Read more »