Budget 2017 – Changes in TCS Provisions
1.Restriction on cash transactions It is also proposed to consequentially amend the provisions of section 206C to omit the provision relating to tax collection at source at the rate of… Read more »
Category: TIN NSDL
Budget 2017 – Changes in TDS Provisions
1.Deduction of tax at source in the case of certain Individuals and Hindu undivided family The existing provisions of section 194-I of the Act, inter alia, provide for deduction of… Read more »
Procedure for payment of demand raised against TDS on sale of property by CPC-TDS
Procedure for payment of demand raised against TDS on sale of property by CPC-TDS has been listed below stepwise: Step 1 Payment of demand raised against TDS on sale of… Read more »
Tips to avoid defaults in TDS Returns
One can avoid defaults in the TDS returns, by way of adherence to the following basic principles: Timely Payment of total taxes deducted/ collected Correct Reporting with regard to… Read more »
Where TDS is applicable and how relief is availed
Salary income: Employer deducts TDS on total income, including income other than salary after taking into account all deductions and exemptions. This saves the individual the hassle of paying tax… Read more »
Think PAN is only for tax purposes? Find out
Are you planning to go on a shopping spree or buying a home theatre system that could set you back by a few lakhs? Before you step out of your… Read more »