Circular on claiming Tax Credit against non-deposit of TDS
A circular has been issued by CBDT regarding non-deposit of Tax Deducted at Source. CBDT has mentioned in the circular that as per Section 199 of the Act credit of… Read more »
Category: TIN NSDL
Important Guidelines for payment towards liability on account of Tax Deducted / Collected at Source
Given below are some relevant guidelines related to payment of TDS/ TCS liability: A. Central Government Account (Receipts and Payments) Rules, 1983: Date of Receipt for Cheques or Drafts: The… Read more »
TDS/TCS Rates Chart for F.Y. 2015-16
The TDS and TCS rates chart for the financial year 2015-16 has been given below: TDS rates for F.Y. 2015-16 Nature of Payment Made To Residents Cutoff (Rs.) Company / Firm… Read more »
PAN and TAN application fees revised by NSDL
W. e. f. June 1, 2015, PAN & TAN application fees have been revised as under: 1. For dispatch of PAN card in India: Rs. 106 (inclusive of service tax)…. Read more »
Provident funds: Premature withdrawal to be subject to TDS
Provident fund withdrawals before five years of completion of service will now attract income tax ranging between 10 per cent and 34.608 per cent. A new provision in the Finance… Read more »
Section 194C – TDS on Transporter
Section 194C of the Income Tax Act, 1961 states that any payment to a transporter is subject to a Tax Deduction at Source (TDS) at the rate of: –1% in… Read more »