July – Pending TDS / TCS Compliances
31st July – Due date of filing TDS Returns for Quarter 1 of Tax Year 2026-2027 31st July – Due date of filing TCS Returns for Quarter 1 of Tax… Read more »
TDS on Payments to Partners – Section 393(3) (194T)
The provisions relating to TDS on payments made by partnership firms to partners have been restructured under the Income-tax Act, 2025. The earlier Section 194T of the Income-tax Act, 1961… Read more »
Section 398 of the Income Tax Act, 2025 – Consequences of TDS Defaults
The provisions relating to Tax Deducted at Source (TDS) defaults have been restructured under the Income Tax Act, 2025. The earlier Section 201(1) and Section 201(1A) of the Income Tax… Read more »
Significance of the ‘REMARKS’ in TDS Returns
For the different payment types, as per applicability, standard TDS rates are specified. Under certain provisions of the Act, there could be deviation from this standard deduction rate. The ‘Remarks’… Read more »
TDS on Payments to Non-Residents – Section 393(2) (Section 195)
The provisions relating to deduction of tax at source on payments made to non-residents have been restructured under the Income-tax Act, 2025. The earlier Section 195 of the Income-tax Act,… Read more »
TDS on Purchase of Goods – Section 393(1) (Section 194Q)
The provisions relating to TDS on purchase of goods have been restructured under the Income-tax Act, 2025. The earlier Section 194Q of the Income-tax Act, 1961 is now covered under… Read more »