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CBDT Income Tax PAN TAN TDS TDS Rates TDS Sections

TDS / TCS at Higher Rates for Non-filers of IT-Return

1. Section 206AB Applicability: This shall be effective from 1st July’21 Specified person has not filed the ITR for 2 previous years and time limit for filing the return of income under section 139(1) has expired Aggregate TDS is Rs 50,000 or more in each of the two previous years Exception: These sections are not […]

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194IB CBDT Income Tax NSDL PAN TAN TCS TCS payment TDS TDS payment TDS Rate Chart TDS Rates TDS Resources TDSMAN Software TIN NSDL Traces

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 50000 10 – 193 Interest on Securities 10000 10 10 194 Dividends 5000 10 10 194A Interest (Banks) 40000 10 10 194A Interest (Others) 5000 […]

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CBDT General TAN TCS payment TDS TDS payment TDS Rates TDS return TDSMAN Software Traces

Interest on Late Payment of TDS

In case the assessee deposits the TDS Payment after the due date of payment of the tax deducted at source, he shall be liable to pay interest @1.5% for every month or every part of the month during which the amount is not deposited with the government. Interest @ 1.5% is liable to be paid […]

Categories
CBDT Income Tax PAN TAN TDS TDS Rates TDS Sections

TDS / TCS at Higher Rates for Non-filers of IT-Return

1. Section 206AB Applicability: This shall be effective from 1st July’21 Specified person has not filed the ITR for 2 previous years and time limit for filing the return of income under section 139(1) has expired Aggregate TDS is Rs 50,000 or more in each of the two previous years Exception: These sections are not […]

Categories
CBDT General TAN TCS TCS payment TDS TDS payment TDS Rates TDS return TDSMAN Software TIN NSDL Traces

Interest on Late Payment of TDS

In case the assessee deposits the TDS Payment after the due date of payment of the tax deducted at source, he shall be liable to pay interest @1.5% for every month or every part of the month during which the amount is not deposited with the government. Interest @ 1.5% is liable to be paid […]

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CBDT Income Tax NSDL PAN TAN TCS TCS certificates TCS payment TCS return TDS TDS certificates TDS payment TDS Rates TDS return TDSMAN Software TIN NSDL Traces wealth tax

Healthy Practices for Error-Free TDS Returns

Healthy practices for error-free TDS returns has been given below:  Deduction/ Collection of Tax at Correct Rates. Timely Deposit of Tax Deducted at Source. Accurate Reporting of data related to tax deductions/ collections made. Submission of TDS Statements within the due dates. Verification and Issuance of TDS Certificates within time. CPC (TDS) is now sending […]

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