TDS rates for financial year 2012 -13
TDS (tax deducted at source) Rate Chart for Financial year 2012-13 is given below. Sl. No. Section Of Act Nature of Payment in brief Cut Off Amount Rate % 01.04.2012… Read more »
Category: NSDL
Service tax Payable on TDS as it is part of Consideration
Section 67 of the Act has made provision for valuation of taxable service for charging service tax. According to Section 67(1)(a) of the Act where there is a monetary consideration… Read more »
International Tax TDS on Overseas Commission
After withdrawal of circular No. 786 of 2000, vide CBDT circular 7/2009 there is a lot of confusion in mind of exporters relating to deduction tax at source on commission… Read more »
New FVU 3.6 & FVU 2.133 mandatory for eTDS/eTCS return w.e.f.16.10.2012
New File Validation Utilities – FVU 3.6 & 2.133 has been released pertaining to validation of eTDS & eTCS returns and will be exclusively applicable with effect from 16th Oct… Read more »
Application for PAN New Form 49A from June 2012
Everyone who wants to apply PAN or who is required to apply PAN as per the law of Income Tax shall apply PAN on Application form 49A. Form 49A –… Read more »
Assessee can claim Refund of TDS paid twice or excess
Since no provision is made in the Act or the Rules for claiming refund of excess TDS deducted with respect to remittance to the foreign company, CBDT issued its circular… Read more »