Proposed TDS Rates Chart for F.Y. 2016-17
The TDS rates chart for the financial year 2016-17 as proposed in the budget has been given below: Proposed TDS rates for F.Y. 2016-17 (w.e.f. 01.06.2016) * Changed values are highlighted… Read more »
Category: TDS
Due Dates for the month of April 2016
7 April 2016 – Due date for deposit of Tax collected for the month of March, 2016. However, all sum collected by an office of the government shall be paid… Read more »
No demand notice if TDS not deposited by deductor
Income Tax officials sometimes penalize you even if you correctly comply the provisions. You being a taxpayer whose tax has been deducted at source but not deposited to the Governments… Read more »
Issue of clarification on contentious TDS issues
Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes PRESS RELEASE New Delhi, 8th March, 2016 Subject: Issue of clarification on contentious TDS issues-regarding-. With… Read more »
Non-enforcement of recovery of demand against the assessee where tax has been deducted but not deposited by the deductor
CBDT has issued a press release regarding non-enforcement of recovery of demand against the assessee where tax has been deducted but not deposited by the deductor. The issued press release… Read more »
Budget 2016: NRIs without PAN not to be subjected to higher rate of TDS
Finance Minister Arun Jaitley in his Budget 2016 speech said that Non-resident Indians (NRIs) without PAN will not be subjected to higher rate of TDS. “Non-residents without PAN are currently… Read more »