What is form 16C?
Form 16C is the newly introduced TDS certificate to be issued by rent payer (deductor) i.e. individuals & HUF’s who are not under Tax audit (under section 44AB) and does… Read more »
Category: TDS Rates
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 »
TDS Computation When an Employee Works for 2 Companies (Employers) in a Financial Year
There are 2 types of scenarios in which an individual may be working for more than one employers in a financial year. they are as follows: • When he changes… Read more »
FVU 6.1 & FVU 2.157 released by NSDL
The Income Tax Department has released today (12th April 2019), the following new File Validation Utilities: FVU version 6.1 – For statement pertaining to FY 2010-11 onwards FVU version 2.157… 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 »
How to calculate the Interest for failure to deduct tax at source?
As per the provisions in section 201, if a person liable to deduct tax at source does not deduct it, then, such person, shall be liable to pay simple interest… Read more »