Categories
CBDT General NSDL PAN TCS TCS payment TDS TDS payment TDS Rates TDS return

30th April – last date for TDS payment

Filing of TDS Returns for the quarter ended March 2018 (FY:2017-18 Quarter 4) is already under way since 1st April. Last date for payment of tax deductions for March 2018 – 30th  April, 2018. Calculation of Late Payment Interest Interest on Late Payment of TDS

Categories
CBDT General Income Tax NSDL TDS TDS payment

What is form 26QC?

From 1st June, 2017 individuals & HUF’s who are not under Tax Audit (under section 44AB) and does not have a Tax Account No. (TAN) while paying the rent of Rs. 50,000 or more needs to deduct TDS from the rent as per section 194IB. Form 26QC is the newly introduced online Challan – cum – […]

Categories
CBDT General TAN TDS TDS Rates TDS return

What is form 16C?

Form 16C is the newly introduced TDS certificate to be issued by rent payer (deductor) i.e. individuals & HUF’s who are not under Tax audit (under section 44AB) and does not have a Tax Account No. (TAN), paying a rent of Rs. 50,000/- or above per month, to the rent receiver (deductee) as per section […]

Categories
CBDT General Income Tax NSDL TDS TDS payment TDS return TDSMAN Software

Section 194IB – TDS on Rent (for Individuals & HUF)

Effective from 1st June 2017, individuals & HUF not covered under tax audit have been subjected to deduct tax at source for rent payments if it is Rs. 50,000 or more per month. Salient features: Applicable only to individuals & HUF who are not under tax audit (under section 44AB) This section is applicable from 1st […]