The government has proposed to make Aadhaar card mandatory for filing income tax return and also applying for permanent account number (PAN). The new proposal has been made through an… Read more »
1.Restriction on cash transactions It is also proposed to consequentially amend the provisions of section 206C to omit the provision relating to tax collection at source at the rate of… Read more »
1.Deduction of tax at source in the case of certain Individuals and Hindu undivided family The existing provisions of section 194-I of the Act, inter alia, provide for deduction of… Read more »
Procedure for payment of demand raised against TDS on sale of property by CPC-TDS has been listed below stepwise: Step 1 Payment of demand raised against TDS on sale of… Read more »
One can avoid defaults in the TDS returns, by way of adherence to the following basic principles: Timely Payment of total taxes deducted/ collected Correct Reporting with regard to… Read more »
Salary income: Employer deducts TDS on total income, including income other than salary after taking into account all deductions and exemptions. This saves the individual the hassle of paying tax… Read more »