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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


TDS Rates Chart for FY 2017-18 / AY 2018-19

February 18, 2017 2164296 Views 43 comments Print

TDS Rates Chart for Financial Year 2017-18/ Assessment Year 2018-19 vide Finance Act 2017 i.e Budget 2017-18. We have updated the TDS rate chart considering the amendments made by Finance Act, 2017.

TDS Rates Chart for FY 2016-17 / AY 2017-18

May 23, 2016 921952 Views 14 comments Print

TDS Rate Chart: TDS/TCS Rates Chart for Financial Year 2016-17/ Assessment Year 2017-18 vide Finance Act 2016 i.e Budget 2016-17.

TDS on Hotel Room Rent & Other Facilities?

May 24, 2012 75682 Views 0 comment Print

TDS on the charges you pay to a Barber? The word ‘carrying out any work’ in section 194C is limited to any work which on being carried out culminates into a product or result. The word ‘work’ in s.194C is limited to doing something with a view to achieving the task undertaken or carry out an operation which produces some result. The facilities/amenities made available by a hotel to its customers is not covered under any of the categories specified in the term ‘work’ in Explanation III to section 194C; consequently, the Circular No.681, dated 08-03-1994 to the extent it holds that the services made available by a hotel to its customers are covered u/s 194C must be held to be bad in law.

Rights of Person from whose income (payment) the tax has been deducted

January 25, 2012 2131 Views 0 comment Print

If tax has been deducted at source in accordance with the provisions of Chapter XVII-B of Income Tax Act, 1961, the person from whose income (payment) the tax has been deducted i.e. Payee or assessee shall not be asked upon to pay the tax himself to the extent tax has been deducted(Sec.205). Moreover u/s.199 such tax deducted at source shall be treated as payment of tax on behalf of the payee (assessee).

Payments made by the assessee to the employees employed on daily wage basis cannot be said to be a contractual payment

September 6, 2011 1715 Views 0 comment Print

CIT Vs Dewan Chand (Delhi High Court)- Payments made by the assessee to the employees employed by it on daily wage basis cannot be said to be a contractual payment, as such the assessee in such cases was not required to deduct tax from such payments u/s. 194 C of the Act.

Beginners Guide to Income Tax with FAQ

August 21, 2011 19806 Views 19 comments Print

In this Article we are discussing below the frequently asked question by taxpayers on Income Tax related to Taxable Income, General Question, Tax on Income, Return of income, PAN, Salary Income, Income from House property, Income from business and Profession, Capital Gains, Tax Deduction at Source and Assessment which will provide an insight to the laymen on income tax provisions.

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

August 6, 2011 2013 Views 0 comment Print

The Income Tax Department takes several punitive and deterrent steps to unearth unaccounted money and curb tax evasion. These include scrutiny of tax return; surveys, search and seizure actions; imposition of penalty and launching of prosecution in appropriate cases. Information Technology has also been used in a big way in collection, collation and dissemination of taxpayer information. Tax Information Network (TIN) has been set up as a depository of important tax related information which can be accessed by the Department. The basic components of TIN are information relating to Tax Deduction at Source (TDS), payment of taxes and high value transactions reported in Annual Information Returns (AIR).

CBDT Instructions on Income Tax Refunds for A.Y 2009-10

December 9, 2010 8003 Views 0 comment Print

INSTRUCTION NO. 9/2010 Reference may be made to Board’s Instruction No. 7, dated 16-8-2010 in which it has been stated, inter alia, that in cases where the return is filed in ITR-1 and ITR-2 for the A.Y. 2009-10, and where the TDS claim does not exceed Rs. three lakh and where the refund computed does not exceed Rs. Twenty five thousand, the TDS claim of the taxpayer shall be accepted at the time of processing of the returns provided the TDS payment reported in AS-26 is more than Rs. zero.

IT dept surveyed Hospitals for TDS compliance

October 4, 2010 471 Views 0 comment Print

The income-tax department on Thursday carried out surveys on major Hospitals in Mumbai to verify whether they were complying with the provisions of tax deducted at source (TDS) under the Income-Tax Act. Six high-end hospitals in South Mumbai and sub

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

August 21, 2010 3504 Views 0 comment Print

On July 24, 2010, the Finance Minister released Citizen’s Charter — a declaration of Income-Tax Department’s commitment to taxpayers. In this Charter, one of the commitments is to make compliance easy. In this background, one of the members of the CBDT has issued a D.O. letter dated June 18, 2010 to all Chief Commissioners of Income Tax, concerning giving credit for tax deducted at source (TDS). At present, a large number of lower- and middle-income taxpayers face the problem of their refunds being withheld.