Preparing Salary TDS Return – Form 24Q (Q4)
Form 24Q (Salary TDS Return), in the fourth quarter (Q4) includes two annexures – Annexure I and Annexure II. – Annexure I is the regular quarterly data for the months… Read more »
Category: PAN
Sec 115BAC – New Regime for Tax Computation
The government has been looking at avenues to make income tax provisions simplified and lessen dependencies on consultants. A step towards it came through the introduction of Sec 115BAC- Tax… Read more »
Section 194DA- TDS on maturity payment in respect of Life Insurance Policy
TDS needs to be deducted on maturity payment in respect of life insurance policy. Time of Deduction- TDS to be deducted at the time of payment. Deductor- Any person who… Read more »
TDS / TCS Compliances Reminder for May 2022
7th May 2022 – Due date for TDS/TCS payment for deductions/collections during April 2022 15th May 2022 – Due date of filing TCS Return for Quarter 4 of Financial Year 2021-2022 30th May 2022 – Due date… Read more »
Coexistence of TDS 194Q and TCS 206C(1H) after Budget of 2021
Section 194Q – TDS on Purchase of Goods limits the scope and applicability of the Section 206C(1H) – TCS on Sale of Goods as the Second Proviso to Section 206C(1H) states… Read more »
TDS / TCS Rate Chart FY: 2022-23 (AY: 2023-24)
TDS RATE CHART FY: 2022-23 (AY: 2023-24) Section Nature of Payment Threshold Indv / HUF Others Rs. TDS Rate (%) 192 Salaries – Avg – 192A Premature withdrawal from EPF… Read more »