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tax deducted at source

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Interest for failure to Collect/Deduct & for delayed TDS/TCS Payment

Income Tax : Article discusses about Basic provisions relating to due date of payment of TDS to the credit of Government, Interest for failure ...

June 6, 2022 156754 Views 2 comments Print

TDS U/s. 194A, 194J &193 of Income Tax Act, 1961

Income Tax : For quick and efficient collection of taxes, the Income-tax Law has incorporated a system of deduction of tax at the point of gene...

June 6, 2022 234185 Views 3 comments Print

Lower or No Deduction Certificate – Let’s Apply!

Corporate Law : Introduction: Tax Deducted at Source (TDS) or Tax Collected at Source (TCS) is a kind of advance tax that needs to be deposited wi...

May 19, 2021 9555 Views 2 comments Print

Guide to meet TDS / TCS Obligations for deductor/Collector

Income Tax : What Is TDS/TCS? Generally the person who earns the income pays tax on such income either in the form of advance tax or in the for...

July 28, 2020 22996 Views 5 comments Print

Duties of Person Deducting Tax at Source (TDS)

Income Tax : Deduct Tax at Correct Rate and deposit in Government Account, Electronic payment of taxes, Issue a TDS certificate, File Return/Qu...

April 3, 2020 24726 Views 2 comments Print


Latest News


Income Tax Department takes Several Punitive and Deterrent Steps to Unearth Unaccounted Money And Curb Tax Evasion

Income Tax : The Income Tax Department takes several punitive and deterrent steps to unearth unaccounted money and curb tax evasion. These incl...

August 6, 2011 2013 Views 0 comment Print

IT dept surveyed Hospitals for TDS compliance

Income Tax : The income-tax department on Thursday carried out surveys on major Hospitals in Mumbai to verify whether they were complying with ...

October 4, 2010 471 Views 0 comment Print

CBDT put burden on Taxpayers to persuade the deductors to rectify the deficiencies in TDS returns filed by them

Income Tax : On July 24, 2010, the Finance Minister released Citizen's Charter — a declaration of Income-Tax Department's commitment to taxpa...

August 21, 2010 3504 Views 0 comment Print

Centralised Processing Centre (CPC) At Bangalore Performing Successfully

Income Tax : Centralized Processing Centre (CPC) at Bangalore is performing successfully. Till date, 26.99 alkh returns hgave been processed an...

August 4, 2010 36513 Views 78 comments Print

Incomplete TDS certificates issued by deductor delaying Income tax refunds

Income Tax : Many Taxpayers had a tough time getting a refund of the tax deducted against his fixed deposits with public sector banks, as the t...

July 30, 2010 1367 Views 0 comment Print


Latest Notifications


TDS Amendment – Payment Due Date/ Mode, Furnishing of TDS certificate

Income Tax : Notification No.31/2009 - Income Tax , Amendment in rules related to payment of TDS, Mode of Payment and time period for furnishin...

March 25, 2009 52872 Views 19 comments Print

New Income Tax Notification on Credit of TDS on the basis of info submitted by deductee

Income Tax : Notification No. 28/2009 - Income Tax 2. In the Income-tax Rules, 1962,- (A) after rule 37B, the following rule shall be inser...

March 16, 2009 10256 Views 0 comment Print


Latest Posts in tax deducted at source

Interest for failure to Collect/Deduct & for delayed TDS/TCS Payment

June 6, 2022 156754 Views 2 comments Print

Article discusses about Basic provisions relating to due date of payment of TDS to the credit of Government, Interest for failure to deduct tax at source/delay in payment of TDS, Non filing of TDS statement without payment of interest, Basic provisions relating

TDS U/s. 194A, 194J &193 of Income Tax Act, 1961

June 6, 2022 234185 Views 3 comments Print

For quick and efficient collection of taxes, the Income-tax Law has incorporated a system of deduction of tax at the point of generation of income. This system is called Tax Deducted at Source commonly known as TDS. Under this system, tax is deducted at the point of origination of income. Tax is deducted by the payer and the same is directly remitted to the Government by the payer on behalf of the payee.

Lower or No Deduction Certificate – Let’s Apply!

May 19, 2021 9555 Views 2 comments Print

Introduction: Tax Deducted at Source (TDS) or Tax Collected at Source (TCS) is a kind of advance tax that needs to be deposited with the government periodically and the onus of doing the same lies on the deductor or collector respectively rather than taxpayer. For the tax payer, TDS or TCS can be claimed in […]

Guide to meet TDS / TCS Obligations for deductor/Collector

July 28, 2020 22996 Views 5 comments Print

What Is TDS/TCS? Generally the person who earns the income pays tax on such income either in the form of advance tax or in the form of self-assessment tax. However, in certain situations, the person making prescribed payments is required to deduct tax from such payments (at prescribed rates) and deposit the tax so deducted […]

Duties of Person Deducting Tax at Source (TDS)

April 3, 2020 24726 Views 2 comments Print

Deduct Tax at Correct Rate and deposit in Government Account, Electronic payment of taxes, Issue a TDS certificate, File Return/Quarterly Statement, Filing of Annual Return on Computer Readable Media, Quarterly statement of TDS

How To Recover TAN Account?

April 1, 2020 79952 Views 17 comments Print

What is the procedure to retrieve TAN – A written request on the letter head has to be sent to NSDL mentioning name of Deductor, TAN and requesting for retrieving TRN. The letter should be signed by ‘Managing Director’ or ‘Chief Financial Officer’ or authorized signatory in the organization along with name and designation and should be preferably digitally signed

FAQ – TDS on Non residents – Section 195

March 29, 2020 761041 Views 81 comments Print

In our country the TDS on Non resident under section 195 is the unique section to identify the tax rates and deductions on our business transaction with non resident day to day basis. In this article I would like to discuss about the Frequently Asked Questions (FAQ) on TDS on Non resident payments under section 195 of Income tax act.

Apply Lower/Nil tax deduction certificates before Financial Year Start

January 24, 2020 10164 Views 0 comment Print

Applicants can now apply for lower/nil deduction certificate from 28th February of the immediately preceding Financial Year. For instance, applications for the certificates for F.Y .2020-21 shall be allowed to be filed on or after 28.02.2020. Instructions No. 01/2020 Dated: 24/01/2020.

TDS Rate Chart for AY 2020-21/FY 2019-20

September 17, 2019 146676 Views 4 comments Print

TDS Rate Chart or TDS Rate Table For Assessment year 2020-21 (AY) / Financial Year (FY) 2019-20 In the case of a person other than a company (Resident and Non-Resident) i.e. Individual, HUF, BOI, AOP, Artificial Judicial Persons. Partnership Firm (Including LLP) and for domestic company and Foreign Companies. TDS Rates are after considering the […]

Things to be done before March 31 by individual Assessee

August 31, 2018 19662 Views 16 comments Print

Tax Planning is important for every taxpayer and the same needs to be done before the end of the year to which Income Pertains. In Addition to Tax Planning Assessee needs to Collect Relevant Supporting and Calculate His Tax Due and Pay the same.