TDS Rates Chart Rates for tax deduction at source [For Assessment year 2017-18] Financial Year 2016-17 Particulars TDS Rates (in %) 1. In the case of a person other than a company 1.1 where the person is resident in India- Section 192: Payment of salary Normal Slab Rate Section 192A: Payment of accumulated balance of provident fund… Read More »
Section Nature of default Penalty leviable (1) (2) (3) 140A(3) Failure to pay wholly or partly— Such amount as Assessing Officer may impose but not exceeding tax in arrears (a) self-assessment tax/fringe benefit tax, or (b) interest, or (c) both under section 140A(1) 158BFA(2) Determination of undisclosed income of block period Minimum : 100 per cent… Read More »
IRS Now Accepting ITIN Renewal Applications; Taxpayers Encouraged to Act Soon to Avoid Processing Delays in 2017 WASHINGTON — The Internal Revenue Service reminds taxpayers affected by recent changes involving the Individual Taxpayer Identification Number (ITIN) program that they can now begin submitting their ITIN renewal applications to the IRS. Under the Protecting Americans from… Read More »