Grossing up in absence of PAN should be at rates in force and not at 20%
As regards the grossing up u/s 195A of the Income-tax Act is concerned, we find that the provision reads as under: [In a case other than that referred to in… Read more »
Tag: NSDL
TDS not applicable on service rendered by Tenants Association to members even if the same is for remuneration
On the facts of the present case, we have noted that there is no finding by any of the authorities below that services are rendered to non-members. There is a… Read more »
If non deduction of TDS on Salary is pursuant to HC order Assessee not liable for consequences u/s. 201
Section 192 deals with the deduction of tax at source. It is computed on the estimated income of the assessee under the head salary and the liability is at the… Read more »
Take penal action against TDS defaulters : govt directs
The Revenue Department has asked its officials to take action against those entities which do not promptly deposit with exchequer the tax they collect at source. “The CBDT has taken… Read more »
TDS, Advance Tax & SA Challan Status on Mobile
SMS BASED SERVICE FOR CHALLAN STATUS National Securities Depository Limited (NSDL) provides CIN (Challan Identification Number) based view of direct tax challans to taxpayers to know the status of challan… Read more »
How to Apply for TAN, Track Status of TAN Application and Penalty on Failure
Every person who is required to deduct or collect tax at source on any of the specified payments, needs to apply for allotment of Tax Dedication and Collection Account Number… Read more »