How can foreign deductees without PAN avoid higher TDS?
NRI’s and foreign companies need to furnish PAN details or else they have to pay higher TDS rates. However, they can avoid higher TDS in absence of PAN card, by… Read more »
Category: TDS payment
What is the time-limit for passing order under section 220(2A)?
The Principal Chief Commissioner or Chief Commissioner or Principal Commissioner or Commissioner must pass order, either accepting or rejecting assessee’s application, to reduce or waive interest, within a period of… Read more »
To avoid demand notice TDS statement should be filed after payment of interest for delay in payment of TDS
Every deductor has to furnish quarterly statement in respect of tax deducted by him i.e., TDS return. As per section 201(1A), interest for delay in payment of TDS should be… Read more »
Validity of demand notice on filing an appeal to challenge the same
When a demand notice is served and an appeal or proceeding is filed or initiated with respect to the amount specified in the notice of demand(by the assessee) then such… Read more »
What is the Interest for non-payment of tax as per demand notice?
Let us first understand the provisions of section 220(1) relating to payment of tax as per demand notice. Then we will understand the provision for levy of interest in case… Read more »
TDS & TCS RATE CHART (FY: 2018-19 / AY: 2019-20)
TDS RATE CHART FY: 2018-19 (AY: 2019-20) Section Nature of Payment Threshold Indv/ HUF Others Rs. TDS Rate (%) 192 Salaries – Avg – 192A Premature withdrawal… Read more »