Duties of TDS Deductors
Deduct Tax at Correct Rate and deposit in Government Account-Sec 200 Every person responsible for deducting tax at source shall at the time of payment or credit of income, whichever… Read more »
Category: Traces
Simplification of procedure for Form No. 15G & 15H -Clarifications
F.No. DGIT(S)/CPC(TDS)/DCIT/15GH/2016-17/4539 Government of India Ministry of Finance Central Board of Direct Taxes Directorate of Income-tax (Systems) New Delhi. Notification No 9/2016 New Delhi, 9th June, 2016 Subject: Simplification of… Read more »
New Dates for filing of TDS Returns w.e.f 1st June, 2016
CBDT has vide notification no. 30/2016 dated 29-04-2016 has revised the due date for filing TDS Returns for Government and Non-Government Deductors w.e.f 1st June, 2016. The New Dates for TDS Return filing effective from… Read more »
Tax deduction at source is not applicable to reasonable per diem allowances paid to employees for overseas trips
Background The Income-tax Act, 1961 (the Act) provides exemption from tax in respect of allowances granted by an employer to its employees in order to meet specific expenses to the… Read more »
CPC (TDS) reminder to Deductors for Closure of Taxpayer Grievance Tickets in their In-boxes
Date of communication: 26/05/2016 Dear Deductor,(TAN: XXXXXXXXXXXX) The Centralized Processing Cell (TDS) has provided an integrated platform for taxpayers, deductors & assessing officer. The objective of the functionality is to… Read more »
No TDS for provident fund withdrawals of up to Rs 50,000 from June 1
No tax would be deducted at source for PF withdrawals of up to Rs 50,000 from June 1. The government has notified raising the threshold limit of PF withdrawal for… Read more »