Applicability of TDS on service provided by non-residents
Fees for services rendered by non-resident is deemed to accrue or arise in India, whether or not non-resident has place of business in India if he has rendered services in… Read more »
Category: Traces
Frequently Asked Questions (FAQ) on Justification Report
1.What is a justification report? It is a document which serves as an annexure to the intimation to be sent to the deductor. Intimation will be sent to the deductor… Read more »
Quote correct BIN while filing TDS/TCS statement
It is mandatory for Government deductors, who are reporting TDS without payment through bank challans, to quote correct Book Identification Number (BIN), while filing TDS/TCS statement. In case correct BIN… Read more »
Frequently Asked Questions (FAQ) on PAN
What is PAN? Permanent Account Number (PAN) is a ten-digit alphanumeric identifier, issued by Income Tax Department. Each assessee (e.g. individual, firm, company etc.) is issued a unique PAN. Who… Read more »
New PAN application forms and document required for PAN application
There are two types of PAN applications: 1. Application for allotment of PAN: This application form should be used when the applicant has never applied for a PAN or does… Read more »
CPC(TDS) Advisory Communication regarding Certificate u/s 197/197A for Lower or No Deduction of Tax
CPC(TDS) has issued a letter to all deductors regarding clarification of Lower Deduction/No deduction u/s 197 or 197A The letter produced is here as under: Date of communication: 04/02/2014 Dear… Read more »