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You are here: Home / Archives for TDS

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TDS

Central Board of Direct Taxes (CBDT) clarifies regarding issue of Prosecution Notices

January 21, 2019 by admin Leave a Comment

Ministry of Finance Central Board of Direct Taxes (CBDT) clarifies regarding issue of Prosecution Notices 21 JAN 2019 The Central Board of Direct Taxes (CBDT) has stated that certain news items that appeared in a section of media regarding enmasse issue of prosecution notices to small companies for TDS default are completely misleading and full of factual inaccuracies. CBDT … [Read more...] about Central Board of Direct Taxes (CBDT) clarifies regarding issue of Prosecution Notices

Calculation of Income tax an Employee Below 60 Age A.Y.2018-19

July 29, 2018 by admin Leave a Comment

Calculation of Income tax an Employee Below 60 Age A.Y.2018-19 ANNEXURE-I SOME ILLUSTRATIONS Example 1 For Assessment Year 2018-19 (A) Calculation of Income tax in the case of an employee(Male or Female) below the age of sixty years and having gross salary income of: i) Rs.2,50,000/- , ii) Rs.5,00,000/- , iii) Rs.10,00,000/- iv) Rs.55,00,000/-. and v) … [Read more...] about Calculation of Income tax an Employee Below 60 Age A.Y.2018-19

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

Filling of Returns by every Government Servant – Income Tax

July 9, 2018 by admin Leave a Comment

Filling of Returns by every Government Servant - Income Tax Government Servant भारत सरकार /Government of India आयकर विभाग/Income Tax Department आयकर आयुक्त चेन्नै-3 का कार्यालय, चेन्नै Office of the Pr. Commissioner of Income Tax-3, Chennai कमरा सं.410, चौथातल, आयकर भवन, 121, महात्मागांधी रोड, चेन्नै-34. 4th Floor, Main Building, 121, Mahathma Gandhi Road, Chennai-34. P. … [Read more...] about Filling of Returns by every Government Servant – Income Tax

TA AND SITTING FEE – PAYABLE TO OFFICIAL AND NON – OFFICIAL MEMBERS / EXPERTS

November 10, 2017 by admin Leave a Comment

TA AND SITTING FEE - PAYABLE TO OFFICIAL AND NON - OFFICIAL MEMBERS / EXPERTS   F.No.21-1/2015(FD- 1/B) Dated: 22.09.2017   OFFICE MEMORANDUM   TA AND SITTING FEE - PAYABLE TO OFFICIAL AND NON - OFFICIAL MEMBERS / EXPERTS   In supersession of UGC.OM.No.21-1/2015(FD-1/B)dated 16th March,2016,the rules for TA and Sitting Fee payable to the official a … [Read more...] about TA AND SITTING FEE – PAYABLE TO OFFICIAL AND NON – OFFICIAL MEMBERS / EXPERTS

Requirement of tax deduction at source in case of entities whose income is exempted under Section 10 of the Income-tax Act, 1961-Exemption thereof

June 19, 2017 by admin Leave a Comment

Requirement of tax deduction at source in case of entities whose income is exempted under Section 10 of the Income-tax Act, 1961-Exemption thereof CIRCULAR No. 18/2017 F. No. 385/01/2015-IT (B) Government of India/भारत सरकार Ministry of Finance/वित्‍त मंत्रालय Department of Revenue(राजस्‍व व‍िभाग) Central Board of Direct Taxes(केन्‍द्रीय प्रत्‍यक्ष कर बोर्ड) North Blo … [Read more...] about Requirement of tax deduction at source in case of entities whose income is exempted under Section 10 of the Income-tax Act, 1961-Exemption thereof

Salient Features of Direct Tax Proposals in Union Budget 2017

February 1, 2017 by admin Leave a Comment

Salient Features of Direct Tax Proposals in Union Budget 2017 The Union Budget 2017 was laid before the Parliament today by the Hon'ble Finance Minister of India. The salient features of Direct Tax proposals are summarised below: I. Affordable Housing: 1. Three concessions in the scheme of Income Tax exemption for affordable housing: (a) Area of 30 and 60 Sq.mtr. to … [Read more...] about Salient Features of Direct Tax Proposals in Union Budget 2017

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

Income Declaration Scheme 2016 – Government issues Clarifications in the form of Sixth Set of Frequently Asked Questions (FAQs)

September 6, 2016 by admin Leave a Comment

Income Declaration Scheme 2016 – Government issues Clarifications in the form of Sixth Set of Frequently Asked Questions (FAQs) The Income Declaration Scheme, 2016 (the Scheme) provides an opportunity to persons who have not paid full taxes in the past to come forward and declare their undisclosed income and assets. The Scheme has come into effect from 1.6.2016 and is open f … [Read more...] about Income Declaration Scheme 2016 – Government issues Clarifications in the form of Sixth Set of Frequently Asked Questions (FAQs)

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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