TDS

Form 15G or Form 15H are the declaration forms by the assessee stating that no tax is payable by them and thus no TDS should be deducted from payments to them. The form can also be submitted through electronic process and it …

What is TDS? TDS stands for Tax Deducted Source. In TDS system, persons responsible for making payment for specified services such as commission, brokerage, professional consultancy etc are required to deduct a fixed percentage from the amount. Such deducted amount (which is …

What is Form 15G and Form 15H Difference between Form 15G and Form 15H Examples to understand who can submit Form 15G and Form 15H When to File Form 15G/15H What if TDS already deducted Download Form 15G/Form 15H in Pdf, fillable …

Persons required to deduct TDS under this section Any specified person responsible for paying any sum to any resident contractor for carrying out any work is required to deduct tax at source. TDS is also required to be deducted for payment to …

The provision of this section will not apply from Financial year 2017-18. However TCS is still applicable on sale of motor car of more than Rs. 10 lakh. The Finance Act 2016  had amended section 206C to cover more transactions. The amendments …

Persons required to deduct Tax – Any person (other than an individual or HUF who is not liable for audit under section 44AB) who is responsible for paying rent to a resident is required to deduct tax under this section. Individual and …

TDS Rate Chart as applicable for the Financial year 2017-18 (Assessment Year 2018-19) Section For Payment of Amount upto which tds not deductible Individual /HUF Others 192 Salary As per Income Tax Slab As per Income Tax Slab N/a 192A Payment of …

Applicability Rate of TDS and Threshold limit Time of Deduction Due date to file Form 26QB and requirements How to Pay TDS and file Form 26QB and Due date TDS Certificate in Form 16B to seller Consequences of non deduction or non …

The person responsible for paying interest on securities to a resident is required to deduct TDS. Tax is to be deducted at the time of payment or credit to the account of the payee, whichever is earlier. Where any amount of interest …

 Sometimes we are required to make the changes in the TDS challan paid. Department has provided various ways in which you can make the changes in the challan paid which are as follows: – Online (For OLTAS challans) By Bank (For Physical …