Interest calculation for delayed payment of TDS
The interest is to be calculated as per illustrations below: Case 1: Tax Deducted on 26th June, TDS deposited on 9th July (due date was 7th July) The period of… Read more »
Tag: Tax Deduction at Source
FVU 4.6 and FVU 2.142 released by NSDL
The Income Tax Department has released the following new File Validation Utilities: FVU version 4.6-For statement pertaining to FY 2010-11 onwards. FVU version 2.142-For statements pertaining to FY 2007-08 to… Read more »
Budget 2015-16: Rationalisation of provisions relating to tax deduction at source (TDS) and tax collection at source (TCS)
Under Chapter XVII-B of the Act, a person is required to deduct tax on certain specified payment at the specified rate if the payment exceeds the specified threshold. The person… Read more »
TDS on Big Transporters proposed to be levied wef 01.06.2015
Under the existing provisions of section 194C of the Act payment to contractors is subject to tax deduction at source (TDS) at the rate of 1% in case the payee… Read more »
CPC (TDS) follow up communication: Substantial Reduction in TDS Deposited during Financial Year 2014
CPC (TDS) has issued a follow up communication to all deductors regarding substantial reduction in the amount of Tax Deposited during the period April 1 to August 31, 2014 as compared with… Read more »
Seminar on TDS at Mumbai – by ASSOCHAM : TDSMAN as “Automation Partner”
ASSOCHAM is organizing a National Seminar on Tax Deduction at Source (TDS) at Hotel Four Seasons, Worli, Mumbai on 20th June 2014 from 9:30 am to 4:30 pm. The event… Read more »