TDS not Deducted 1.1 A person deemed as an assessee in default in case TDS not deducted A payer is treated as Assessee in Default if TDS not deducted. A ‘payer’, whether he is an employer, or a person responsible for paying any amount under the head ‘Salaries’ (like the principal officer of a company)… Read More »
Mode of payment in case of TDS made by an office of Government without production of challan With effect from 1-6-2015, sub-section (2A) of section 200 provides that in case of an office of the Government, where TDS has been paid to the credit of the Central Government without the production of a challan, the… Read More »
TDS on Commission for AY 2017-18 Provision regarding TDS on Commission or brokerage is provided in Section 194H of Income tax Act After Finance Act 2016 Salient Features of TDS on Commission or brokerage Threshold limit for TDS on Commission or brokerage u/s 194H . If Commission or brokerage or the aggregate of the amounts of Commission… Read More »
Handbook on Tax Deduction at Source -2016 Edition by Girish Ahuja (Author), Ravi Gupta (Author) BUY Handbook on Tax Deduction at Source -2016 Edition Paperback: 420 pages
Deduction of Tax at Source with Advance Tax and Refunds as Amended by Finance Act 2016 (English) (Hardcover, Dr Vinod K Singhania) BUY Specifications of Deduction of Tax at Source with Advance Tax and Refunds as Amended by Finance Act 2016 (English) (Hardcover, Dr Vinod K Singhania) BOOK DETAILS Publisher Taxmann Publications (P.) Ltd. ISBN-10… Read More »
[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART-II, SECTION 3, SUB-SECTION (ii)] GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 24 th June, 2016 INCOME-TAX S.O. 2196 (E).— In exercise of the powers conferred by clause (ii) of sub-section (7) of section 206AA,… Read More »
Held Though it is sought to be contended by learned counsel for the appellant that non-filing of the e-TDS statements had not resulted in loss to the revenue but the requirement of filing e-TDS statements in time cannot be overlooked. The Department cannot accurately process the returns on whose behalf tax has been deducted until… Read More »
MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the Dated: 17th June, 2016 Notification No. 47/2016 INCOME TAX S.O. 2143(E).—In exercise of the powers conferred by sub-section (1F) of section 197A of the Income-tax Act, 1961 (43 of 1961) and in supersession of the notification of the Government of… Read More »
CIRCULAR NO. 4/2008, DATED 28-4-2008 Section 194-I of the Income-tax Act, 1961 – Deduction of tax at source – Rent – Clarification on deduction of tax at source (TDS) on service tax component on rental income under section 194-I Representations/letters have been received in the Board seeking clarification as to whether TDS provisions under section… Read More »
SECTION 199 OF THE INCOME-TAX ACT, 1961 DEDUCTION OF TAX AT SOURCE CREDIT FOR TAX DEDUCTED NON-DEPOSIT OF TAX DEDUCTED AT SOURCE BY THE DEDUCTOR RECOVERY OF DEMAND AGAINST DEDUCTEE ASSESSEE OFFICE MEMORANDUM F.NO.275/29/2014-IT(B), DATED 11-3-2016 Vide letter of even number dated 1-6-2015, the Board had issued directions to the field officers that in case… Read More »