TDS on Non-Salary Payments – Good Practices
We are sharing with you some insights on good practices related to tax deductions for non-salary related payments: Based on the type of payment, make sure the Section is properly… Read more »
Category: TDS Rates
Points to remember regarding TDS statement
Given below are the points one should remember regarding TDS statement: Correct Reporting: Cancellation of TDS return and deductee row is no longer permissible. Accordingly, it is very important to report… Read more »
Fees for Late Filing of TDS Returns
Fees for Late Filing of TDS Returns are as follows: Section 234E-Levy of Fees Failure to submit TDS return on time will result in fees on the deductor. If you delay… Read more »
Tips to avoid Defaults in TDS Returns
Make sure taxes are deducted on time and at correct deduction rates /amount. The applicable section under which the deduction falls should be correctly applied. Tax needs to be deducted… 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… Read more »
FVU 5.9 & FVU 2.155 released by NSDL
The Income Tax Department has released today (2nd October, 2018), the following new File Validation Utilities: FVU version 5.9 – For statement pertaining to FY 2010-11 onwards FVU version 2.155 –… Read more »