File Name: tds book 2016 17.zip
- India’s Most Comprehensive Guide On TDS (May 2020)
- Tax Deduction at Source: TDS rates for the FY 2016-17, AY 2017-18
- Switch to Cloud with ClearTDS!
India’s Most Comprehensive Guide On TDS (May 2020)
TDS is applicable on salary, commission, brokerage, royalty payments, contract payments, interest earned on several financial investments professional fees etc. Apart from this, TDS is also collected so as to keep the revenue source stable for the government throughout the year which prevents people from evading taxes. The tax that is collected is used for various government activities like infrastructure development, defense, development etc. Also, a certain type of tax TDS is levied that the payee is expected to deduct which depends on the type of service. However, you will require to file TDS in order to receive the refund amount.
Tax Deduction at Source: TDS rates for the FY 2016-17, AY 2017-18
Excel for Chartered Accountants. Section A amended to expressly provide that from 1st June, the exemption provided from deduction of tax from payment of interest to members by a co-operative society under section A 3 v of the Act shall not apply to the payment of interest on time deposits by the co-operative banks to its members. This implies that now, interest on recurring deposits is also subject to TDS. Section A shall not apply to income paid by way of interest on the compensation amount awarded by the Motor Accidents Claims Tribunal where the amount of such income does not exceed Rs. Section LBA is amended to provide TDS on distribution of income by a business trust being a real estate investment trust, by way of renting or leasing or letting out any real estate asset owned directly by such business trust.
Tax Deducted at Source TDS is a system introduced by Income Tax Department, where the person responsible for making specified payments such as salary, commission, professional fees, interest, rent, etc. As the name suggests, the concept of TDS is to deduct tax at its source. In this comprehensive guide on TDS, we are answering 15 frequently asked questions by business owners. Check out. It is a 10 digits alphanumeric number required to be obtained by all persons who are responsible for deducting or collecting tax. The procedure for the application of TAN is very simple and can be done online by filling up Form 49B.
TDS due date for payment and returns. What is the due date for payment of TDS? Is the same due date applicable for all types of assessees? Will it vary for salaried and non-salaried cases? These questions are some of the most frequently asked and searched queries.
Switch to Cloud with ClearTDS!
Tax Deduction at Source i. As per the norm, a person deductor or payer who is liable to make payment of specified nature to another person deductee or payee shall deduct TDS and remit the same into the account of the Central Government. The provisions of Tax Deduction at Source i.
Updated on Feb 01, - PM. Budget update :It has been proposed to exempt the senior citizens from filing income tax returns if pension income and interest income are their only annual income source.
No spam allowed ,please do not waste your time by posting unnecessary comment Like ads of other site etc. In view of above ,Deduction of Tax at correct rate is very important for deductor and minor mistake in deduction leads to penalty in shape of Interest on late deposit and disallowance of Expenses. We have Compiled Tax deduction rates chart TDS rate chart for Financial year which may be useful for all the readers. You may also download full post along with other details in PDF from the link given at the end of the post.
Беккер достал из кармана пять ассигнаций по десять тысяч песет и протянул мотоциклисту. Итальянец посмотрел на деньги, потом на свою спутницу. Девушка схватила деньги и сунула их в вырез блузки.
На защищенном от проникновения компьютере.