No TDS on Bank Guarantee Commission
No TDS on Bank Guarantee Commission Bank guarantee commission is not in nature of commission paid to an agent but…
TDS
Applicability of TDS U/s 195 on Payment of commission to non-resident who have No operations in India
Applicability of TDS U/s 195 on Payment of commission to non-resident who have No operations in India Short Notes: Where…
Non-compliance of provisions of TDS where payment is made to resident :
Non-compliance of provisions of TDS where payment is made toresident : Under section 40(a)(ia) of the Act, in case of…
TDS ON INTEREST OTHER THAN INTEREST ON SECURITIES
TDS ON INTEREST OTHER THANINTEREST ON SECURITIES What is Section 194A? . Section 194A deals with deduction of TDS on…
Default by employers in not issuing Form 16 TDS certificates to employees prima facie makes employers liable to prosecution u/s 405 of the IPC
Default by employers in not issuing Form 16 TDS certificates to employees prima facie makes employers liable to prosecution u/s…
Rates of TDS given under the Income-tax Act .
Rates of TDS given under the Income-tax Act (1) 192A — Payment of accumulated balance due to an employee participating…
TDS on winning!
TDS on winning! Section 194B TDS needs to be done on winning from Lottery or Crossword Puzzle or Card Game…
Let us welcome “TDS, TCS provision in GST”
We all know Tax Deduction at Source (TDS), Tax collection at Source (TCS) provisions under the Income Tax Act. Similar…
Amendment in TDS on Rent
Introduction: If you have paid rent more than Rs. 50000/- then you have to comply with section 194IB, which is…
DUE DATE OF FURNISHING TDS STATEMENT – RULE 31A
Statement of deduction of tax under sub-section (3) of section 200. 31A. (1) Every person responsible for deduction of tax under…
Ready Reckoner : TDS ON GST
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TDS on interest earned on term deposit !
TDS on interest earned on term deposit ! Interest earned on term deposits is subject to tax deducted at source under section 194A…
TCS Highlights
TCS Highlights Nature of Payment Threshold Amount TCS Rates (%) F. Y. 2018-19 Individual / HUF Others Scrap – 1…
Assessee is liable to TDS on LTC allowance even if it comes to know about foreign travel by employees only at time of reimbursement of bills: ITAT
Assessee is liable to TDS on LTC allowance even if it comes to know about foreign travel by employees only…
TDS on Sale of Immovable property
The buyer is required to deduct TDS @ 1% on the total consideration under section 194IA of Income Tax Act…
Certificate for lower deduction of TDS
An assessee who wishes to apply for the certificate of no deduction or deduction at lower rate of TDS shall…
No TDS done? Don’t worry about Disallowance of Expenditure.
Tax Deduction at Source (TDS) is an onerous responsibility casted on the payer of income. Non compliance imposes multiple consequences…
TDS under Section 194H on discount
Section 194H of Income Tax Act 1961 Tax is required to be deducted under section 194H by person paying commission…
