No TDS for provident fund withdrawals of up to Rs 50,000 from June 1
No tax would be deducted at source for PF withdrawals of up to Rs 50,000 from June 1. The government has notified raising the threshold limit of PF withdrawal for… Read more »
Category: NSDL
CPC (TDS) Advisory for Tax Credits in 26AS with respect to Tax Deducted on Sale of Immovable Property (26QB Statement)
As per section 194IA of the Income Tax Act, buyer is required to deduct tax at source @1% of the amount paid/credited to the seller. Therefore, after processing of 26QB… Read more »
Relaxation for Furnishing of UID in case of Form 15G/15H for certain quarters
Circular No.18/2016 F.No 142/32/2015-TPL Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes (TPL Division) Dated: 23rd May, 2016 Sub: Relaxation for Furnishing of UID… Read more »
TDS and TCS Rates for FY: 2016-17 (Domestic)
TDS Rates for FY: 2016-17 (Domestic) Nature of Payment Made To Residents Threshold(Rs.) Company / Firm / Co-operative Society / Local Authority Individual / HUF If No / Invalid PAN… Read more »
Procedure for submission of declaration by person claiming receipt of certain incomes without deduction of tax in Form 15G/15H
Government of India Ministry of Finance Central Board of Direct Taxes Directorate of Income Tax (Systems) Notification No 7/2016 New Delhi, 4th May, 2016 Procedure for submission of declaration by… Read more »
Procedure for online submission of TDS/TCS statement
Government of India Ministry of Finance Central Board of Direct Taxes Directorate of Income Tax (Systems) Notification No. 6/2016 New Delhi, 4th May, 2016 Procedure for online submission of statement… Read more »