Tips to avoid Defaults in TDS Returns
Make sure taxes are deducted on time and at correct deduction rates /amount. The applicable section under which the deduction falls should be correctly applied. Tax needs to be deducted… Read more »
Tag: Tax Deduction at Source
Tips to avoid Defaults in TDS Returns
Tips to avoid Defaults in TDS Returns § Make sure taxes are deducted on time and at correct deduction rates /amount. The applicable section under which the deduction falls should… Read more »
Procedure for the purposes of furnishing and verification of Form 26A for removing of default of Short Deduction and /or Non Deduction of Tax at Source
F.No. DGlT(5)/CPC(TDS)/NOTIFICATION/2016-17 Government of India Ministry of Finance Central Board of Direct Taxes Directorate of Income-tax(Systems) New Delhi. Notification No. 11 /2016 New Delhi, 2nd December, 2016 Subject: Procedure for… Read more »
CBDT relaxes rules for TDS claims by non-resident companies
Non-resident investors who do not provide permanent account number will no longer have to face higher tax deduction at source. The income tax department has eased norms for non-resident investors,… 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 »
TDS on payments by television channels and publishing houses to advertisement companies for procuring or canvassing for advertisements
Central Board of Direct Taxes (CBDT) has issued a circular regarding Tax Deduction at Source (TDS) on payments by television channels and publishing houses to advertisement companies for procuring or… Read more »