Tag: TCS

TDS & TCS Rate Chart (FY: 2019-20 / AY: 2020-21)

      No Comments on TDS & TCS Rate Chart (FY: 2019-20 / AY: 2020-21)

    TDS RATE CHART FY: 2019-20 (AY: 2020-21) Section Nature of Payment  Threshold Indv/ HUF Others     Rs. TDS Rate (%) 192 Salaries  –  Avg  – 192A Premature… Read more »

TCS Return – Last Date 15th October for Quarter 2

      No Comments on TCS Return – Last Date 15th October for Quarter 2

15th October is the last date for filing  TCS Returns for FY:19-20, Quarter 2. Typically TCS is applicable on sale of items like scrap, forest products, minerals, bullion, etc. and is… Read more »

Online TDS/TCS/Demand Payment using Challan ITNS 281

      No Comments on Online TDS/TCS/Demand Payment using Challan ITNS 281

Challan no. ITNS 281 is used by deductors to deposit TDS, TCS and demand payment. Following details are necessary to fill while payment of Challan ITNS 281: 1. Tax Applicable… Read more »

Points to remember regarding TDS statement

      No Comments on Points to remember regarding TDS statement

Given below are the points one should remember regarding TDS statement: Correct Reporting: Cancellation of TDS return and deductee row is no longer permissible. Accordingly, it is very important to report… Read more »

Points to remember regarding TDS statement

      No Comments on Points to remember regarding TDS statement

Given below are the points one should remember regarding TDS statement: Correct Reporting: Cancellation of TDS return and deductee row is no longer permissible. Accordingly, it is very important to report… Read more »

Form 26A/27BA – Rationale and Brief Analysis

      No Comments on Form 26A/27BA – Rationale and Brief Analysis

What is Form 26A/27BA? As per Notification No. 11/2016 and 12/2016 a procedure for furnishing and verification of Form 26A/27BA is introduced for removing of default of Non Deduction/Collection Transaction… Read more »