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NSDL TCS TDS

Acceptance of e-TDS/TCS statements in Pen Drive

Submission of e-TDS/TCS statement has been enabled in Pen Drive in addition to the existing option of CD. Deductors /Collectors are advised to check the feasibility of acceptance of statement in pen drive with TIN Facilitation centers before submission. The Pen Drive / CD may contain details of multiple e-TDS/TCS statements. The computer media (CD/Pen […]

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TDS

Higher Rate deductions liable for PANNOTAVBL Deductees

As per new provision of tax deduction at source (TDS) under the Income Tax Act 1961 effective from April 1, 2010, TDS at higher of the prescribed rate or 20% will be deducted on all transactions liable to TDS, where the Permanent Account Number (PAN) of the deductee is not available. For more details on […]

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TDS

Yearly Limit u/s 194C

When the aggregate of the amounts paid/credited or likely to be paid/credited to Contactor or Sub-contractor exceeds Rs.75,000 during the financial year, TDS has to be made u/s 194C.

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TDS

Tds Rates for financial year 2011-12 and assessment year 2012-13

The Rate Chart for the Financial Year 2011-12 i.e. Assessment Year 2012-13 is tabulated below. TDS Rates for the Financial Year 2010-11 is also same.   TDS RATE CHART FINANCIAL YEAR 2011-12 (ASSESSMENT YEAR 12-13) Sl. No. Section Of Act Nature of Payment in brief CUT OFF AMOUNT Rate %     30.06.2010 01.07.2010 HUF/IND […]