The Finance Act, 2015 had introduced a new section 192(2D) of the Income-tax Act, wherein the employer was obliged to collect the necessary evidence or proof in Form 12BB to… Read more »
What is the Late payment interest? When deductor deposits the TDS after due date of deposit, it is a case of late payment and interest will be charged accordingly. What… Read more »
In case of excess deduction of tax at source, claim of refund of such excess TDS can be made by the deductor. The excess amount is refundable as per procedure… Read more »
As per the provisions in section 201, if a person liable to deduct tax at source does not deduct it, then, such person, shall be liable to pay simple interest… Read more »
TDS RATE CHART FY: 2017-18 (AY: 2018-19) Section Nature of Payment Threshold Indv/ HUF Others Rs. TDS Rate (%) 192 Salaries – Avg – 192A Premature withdrawal… Read more »
CBDT has issued circular no. 29/2017 dated 05.12.2017 in which the guidelines and instructions have been explained about calculation of TDS on Salary in FY 2017-18 AY 2018-19 under section… Read more »
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