Section 194C – TDS on Transporter
Section 194C of the Income Tax Act, 1961 states that any payment to a transporter is subject to a Tax Deduction at Source (TDS) at the rate of: –1% in… Read more »
Category: NSDL
9 Amendments relating to TDS and TCS proposed in Budget 2015-16: Effective from June 01, 2015
Given below are the list of changes applicable from 1st June, 2015 for TDS and TCS amendments: 1. Requirement for obtaining evidence/ particulars by employer for TDS-Section 192 2. TDS… Read more »
Deduct tax at source while purchasing property
Deduct tax at source while purchasing property else, you’ll need to pay from own pocket with interest and penalty. On receiving a notice from the Income Tax Department, a client… Read more »
3 Simple Steps for Tax Deductors to follow
Below are the three simple steps for Tax Deductors to follow in case of TDS and TCS: 1. Deduct Correct TDS while making payment as required by law Deduct tax… Read more »
Important Information for Deductors regarding TDS Certificates
Below are the important information regarding TDS Certificates which deductors should take care of: Deductors who have deducted TDS and have not deposited the same by the due date, must… Read more »
Issue TDS certificates by 30th May to avoid penalties
Last date for issuance of TDS certificates for Q4 of FY: 2014-15: 1) Form 16A (Non Salary) – 30th May 2015 2) Form 16 (Salary) – 31st May 2015 Delay… Read more »