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
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 »
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 »
Waiver of Interest under section 220(2A) by Commissioner
The Principal Chief Commissioner or Chief Commissioner or Principal Commissioner or Commissioner may reduce or waive the amount of interest paid or payable by the taxpayer under section 220(2), if… 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 »