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CENTRAL GOVERNMENT EMPLOYEES NEWS

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Search Results for: TDS

Deduction or Non-deduction of TDS in SCSS accounts in post office

November 25, 2021 by admin Leave a Comment

Senior Citizen Savings Scheme Even after submitting form 15G/15H for the current Financial Year, TDS has been deducted from SCSS account holders' interest payments. SB Order No. 37/2021 F. No. FS-13/7/2020-FSGovernment of IndiaMinistry of CommunicationsDepartment of Posts(Financial Services Division) Dak Bhawan New Delhi-110001Dated: 22.11.2021. To, All Head … [Read more...] about Deduction or Non-deduction of TDS in SCSS accounts in post office

Central Government relaxes TDS restrictions under section 194A of the Income tax Act 1961 – CBDT

September 18, 2021 by admin Leave a Comment

Section 194 of income tax act 1961 - Central Government relaxes TDS restrictions under section 194A of the Income-tax Act, 1961. MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 17th September, 2021 INCOME TAX S.O. 3815(E). - In exercise of the powers conferred by sub-section (1F) of section 197A of the … [Read more...] about Central Government relaxes TDS restrictions under section 194A of the Income tax Act 1961 – CBDT

CBDT clarifies the TDS provisions on Mutual Fund dividend

February 4, 2020 by admin Leave a Comment

Ministry of FinanceCBDT issues clarification on the applicability of TDS provisions on Mutual Fund dividend 04 FEB 2020 The Finance Bill, 2020 proposed to remove Dividend Distribution Tax (DDT) at the level of Company/ Mutual Fund and proposed to tax the same in the hands of share/ unit holder. It was also proposed to levy TDS at the rate of 10% on the dividend/ income … [Read more...] about CBDT clarifies the TDS provisions on Mutual Fund dividend

Deduction of TDS in respect of Cash Withdrawal above One Crore by a National Savings Schemes account holder – DoP

January 14, 2020 by admin Leave a Comment

Deduction of TDS in respect of Cash Withdrawal above One Crore by a National Savings Schemes account holder - DoP SB Order No. 02/2020 F.No 109-27/2019-SBGovt. of India Ministry of CommunicationDepartment of Posts (F.S. Division) Dak Bhawan, New Delhi-110001 Dated: 09.01.2020 To, All Head of Circles / Regions Addl. Director General, APS, New Delhi Subject :- … [Read more...] about Deduction of TDS in respect of Cash Withdrawal above One Crore by a National Savings Schemes account holder – DoP

Income Tax department revises the Form 16 TDS certificate format issued by employers

April 22, 2019 by admin Leave a Comment

Income Tax department revises the (Form 16) TDS certificate format issued by employers The Income Tax department has revised Form 16 by adding various details, including income from house property and remuneration received from other employers, thereby making it more comprehensive to help check tax avoidance. It will also include segregated information regarding … [Read more...] about Income Tax department revises the Form 16 TDS certificate format issued by employers

TDS deduction under section 194A of the Income-tax Act, 1961 in case of Senior Citizens

December 11, 2018 by admin Leave a Comment

TDS deduction under section 194A of the Income-tax Act, 1961 in case of Senior Citizens F. No. Pr. DGIT(S)/CPC(TDS)/Notification/2018-19 Government of India Ministry of Finance Central Board of Direct Taxes Directorate of Income-tax (Systems) New Delhi Notification No. 06 /2018 New Delhi, 06th December, 2018 Subject: - TDS deduction under section 194A of the … [Read more...] about TDS deduction under section 194A of the Income-tax Act, 1961 in case of Senior Citizens

Process to accept/reject GST TDS-Credit

November 19, 2018 by admin Leave a Comment

Process to accept/reject GST TDS-Credit - RBA No 120 /2018 GOVERNMENT O1 INDIA MINISTRY OF RAILWAYS RAILWAY BOARD RBA No. 120 /2018 GST Circular No. 45 /2018 No. 2018/AC-II/1/46 15th November, 2018 Principal Financial Advisers, All Zonal Railways and Production Units Sub:- Process to accept/reject GST TDS-Credit. GSTN portal has come up with a functionality to … [Read more...] about Process to accept/reject GST TDS-Credit

Deduction of TDS in respect of Senior Citizens who have Invested In Sr.Citizen Savings Scheme

July 20, 2018 by admin Leave a Comment

Deduction of TDS in respect of Senior Citizens who have Invested In Sr.Citizen Savings Scheme F.No 79-01/2016-SB Government of India Ministry of Communications Department of Posts DakBhawan, Sansad Marg, New Delhi-110001 Date: 29.06.2018 To All Heads of Circles/Regions Addl. Director General, APS, New Delhi. Subject - Deduction of TDS in respect of Senior … [Read more...] about Deduction of TDS in respect of Senior Citizens who have Invested In Sr.Citizen Savings Scheme

TDS on approved Provident and Superannuation Funds as per Income-Tax Act

January 28, 2017 by admin Leave a Comment

TDS on approved Provident and Superannuation Funds as per Income-Tax Act TDS on payment of accumulated balance under recognised provident fund and contribution from approved superannuation fund Ministry of Finance has issued a circular about details of TDS on approved Provident and Superannuation Funds as per Income-Tax Act TDS ON PAYMENT OF ACCUMULATED BALANCE UNDER … [Read more...] about TDS on approved Provident and Superannuation Funds as per Income-Tax Act

No TDS on Disability Pension to Armed Forces Personnel

May 30, 2016 by admin Leave a Comment

No TDS on Disability Pension to Armed Forces Personnel By Prashant Thakur -February 3, 2016 The tax exemption of disability pension received by Armed Force Personnel are among those exemptions under Income Tax Act for which you may not get a direct reference in the Income Tax Act. However , such tax exemption are allowed by the executive instruction issued by either … [Read more...] about No TDS on Disability Pension to Armed Forces Personnel

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