File your TDS Returns (Q1) by 31st July, 2019
LAST DATE OF TDS RETURN FILING FOR QUARTER 1, FY: 2019-20 IS 31st July, 2019 With the introduction of Section 234E, there is now a provision of stringent penalties for… Read more »
Category: Income Tax
CBDT Extends due date for filing of Income Tax Returns
F. No. 225/157/2019/ITA.II Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes ***** North-Block, ITA-II Division New Delhi, the 23rd of July, 2019 Order under… Read more »
TDS & TCS Rate Chart (FY: 2019-20 / AY: 2020-21)
TDS RATE CHART FY: 2019-20 (AY: 2020-21) Section Nature of Payment Threshold Indv/ HUF Others Rs. TDS Rate (%) 192 Salaries – Avg – 192A Premature… Read more »
Points to remember regarding TDS statement
Given below are the points one should remember regarding TDS statement: Correct Reporting: Cancellation of TDS return and deductee row is no longer permissible. Accordingly, it is very important to report… Read more »
Budget 2019 – TDS from withdrawals of cash exceeding Rs. 1 Crore
A new Section 194N proposed to be included in Income Tax Act. If the withdrawal of cash exceeds Rs. 1 crore in a financial year a 2% of TDS will… Read more »
Budget 2019 – Relaxation of Section 201 in respect of payments to non-residents
If the deductor fails to deduct whole or any part of the tax or he fails to deposit the tax to credit of Central Govt. he will be considered to… Read more »