Union Budget 2020-21 proposal to deduct 10% TDS on dividend payment..!

Union Budget 2020-21 proposal to deduct 10% TDS on dividend payment..! After the Union Budget 2020-21 proposal to deduct 10% TDS on dividend payment exceeding Rs. 5.000. NRIs will have a 20% TDS. Post this proposal, multiple operational issues have cropped up and need to be c…

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Save TDS on Interest Income with Forms 15G and 15H

Save TDS on Interest Income with Forms 15G and 15H Summary – Are you wondering how to save TDS? Read on and know the role of Forms 15G and 15H and how they can help you! What do you to ensure that your bank does deduct Tax Deducted at Source (TDS) on the interest if your to…

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TDS on Salary AY 2017-18 - CBDT Guidelines

TDS on Salary AY 2017-18 - CBDT Guidelines CBDT vide its Circular No : 01/2017 dated 02-01-2017 (F.No. 275/192/2016-IT(B)) issued complete guidelines for TDS on Salary A Y 2017-18.  During the Financial Year 2016-17 Under Section 192 of The Income-Tax Act 1961. This present C…

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DIRECT TAX ALERT – EMPLOYEE TAXATION – CHANGES IN TDS, 2016-17

D IRECT T AX A LERT – E MPLOYEE T AXATION – C HANGES IN TDS, 2016-17 By Mr. K. Vaitheeswaran,  Advocate and Tax Expert, Chennai  Background The CBDT vide Notification No. 30/2016 dated 29.04.2016 has amended the Income Tax Rules, 1962 (11 th Amendment) and the amendment shall come i…

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File TDS return at Income Tax India E - filing Site Free

Now, From May 1, 2016 ( 01.05.2016)  anyone can upload/file TDS quarterly returns through www. incometaxefiling. gov.in site free of cost. However to upload return you must have digital signature. At this time anyone  can upload only regular TDS statement (means original) f…

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WIDENING OF TAX BASE: TDS

TAX DEDUCTION AT SOURCE (TDS) The Income Tax Act contains provisions to collect tax at source on accrual of income in case of payments such as salary, interest, commission, winnings from any lottery or / cross word puzzle, professional fee etc. if payment exceeds the specifi…

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How To Download Form 16B TDS Certificate for Tax Deducted on Sale of Immovable Property..

You have recently purchased immovable property for a consideration in excess of Rs. 50 Lakh, have deducted and deposited tax through statement-cum-challan in form 26QB.  Since 01-06-2013 a buyer of Property for a consideration in excess of Rs. 50 Lakhs is required to deduct …

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TDS on Property Transactions - Few Unanswered Questions..

As per the central government notification for deducting taxes at source on property transactions, the buyer or / purchaser is required to download a TDS certificate in Form 16B, from a yet to be notified web portal. In addition, there is no clarity on points like how and whe…

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