TDS Under Section 194J(a) & 194J(b)
The existing section code 194J (i.e. Fees for Professional or Technical Services) has been sub-divided now into two sections, 194J(a) and 194J(b), effective from 7th August 2020. u/s 194J(a) of… Read more »
Category: CBDT
TDS / TCS Compliances Reminder for July 2025
7th July 2025 – Due date for TDS / TCS payment for deductions/collections during June 2025 15th July 2025 – Due date of filing TCS Return for Quarter 1 of Financial Year 2025-2026 30th July 2025 – Due… Read more »
Consequences of TDS defaults
Failure to deduct taxes or wrong deduction of TDS (non deposit, short deposit or late deposit) : Default/ Failure Section Nature of Demand Quantum of demand or penalty Failure to… Read more »
Computation of Income from House Property – Deduction of Interest u/s 24(b)
Income like rent on house property, annual value of property “deemed” to be let out are considered as income from House Property and is taxable in hands the hand of… Read more »
Section 192 – TDS on Salary
What is Salary? Salary include Wages, Annuity or Pension, Gratuity and others as per Section 17(i). It also includes Perquisites as per Section 17(ii) and Profit in lieu of Salary… Read more »
TDS / TCS Compliances for May 2025
7th May 2025 – Due date for TDS / TCS payment for deductions / collections during April 2025 15th May – Due date of filing TCS Return for Quarter 4… Read more »