TDS by Individual and HUF (Non Audit) case not deductible

An Individual or a Hindu Undivided Family whose total sales, gross receipts or turnover from business or profession carried on by him does not exceeds the monetary limits(Rs.60,00,000 in case of business & Rs.15,00,000 in case of profession) under Clause (a) or (b) of Sec.44AB during the preceding financial year shall not be liable to deduct tax u/s.194A,194C, 194H, 194I & 194J.So no tax is deductible by HUF/Individual in first year of operations of business even sales/Fees is more than 60/15 Lakh.

 

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Status of Quarterly TDS/TCS Statement now available by SMS

NSDL is pleased to announce that henceforth, NSDL will send SMS for each quarterly TDS/TCS statement processed at TIN. You just need to quote correct latest mobile number in the quarterly TDS/TCS statement. Status as below is provided in the SMS:

  • Accepted: This status is provided if the statement is accepted by TIN.
  • Rejected: This status is provided if the statement is rejected by TIN.
  • Partially accepted: This status is provided if the statement is partially accepted by TIN.

 

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Registration of TAN becomes more user friendly

 

The deductors/collectors can register their TANs online. Authenticated access (through user ID and password) is provided to registered deductors/collectors. On login, the following feature are made available to the deductors/ collectors:

  1. Request for quarterly consolidated TDS/TCS statement.
  2. View status and download consolidated TDS/TCS statement
  3. Bulk upload of Form 15CA records.
  4. Update of TAN registration demographic and contact details.

Steps to Register TAN

  1. Register your TAN online at TIN website. For registration of TAN, follow the link:  https://onlineservices.tin.nsdl.com/TIN/JSP/tds/RegisterTan.jsp
  2. Submit the application online.
  3. On successful registration of TAN, a 12 digit alpha numeric registration number is generated.
  4. Print the acknowledgment and preserve the same for future reference.

For further guidelines, clock on the following link:

http://tin.nsdl.com/Detailed_guidelines.asp

 

 

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