Time limit extended for depositing TDS on sale of property
Buyers of property have to deduct TDS from payments made to the seller. Rules about how to dedu...
Shipping charges using non-resident shipping are not liable to TDS u/s 172(8) as supplemented by CBDT Circular No. 723/1995
ITAT Amritsar, in a recent judgment has held that shipping charges (Inland haulage charges, Terminal...
Section 194I: TDS on Rent | Rates |Limit
Section 194I deals with TDS on rent paid. Whenever a person is liable to pay an amount exceeding the...
Withholding Tax in India: A Tax Deduction at source
Withholding tax means the tax deducted at source by the payer of income. It is also called retention...
Tax Collected at Source in India: Rates & TDS Difference
Tax Collected at source (TCS) is governed by Section 206C of Income Tax Act, 1961 in India. A person...
Mere hiring of vehicle without any risk associated with the carriage of goods not a contract liable to TDS u/s 194C(2)
Mere hiring of vehicle without any risk associated with the carriage of goods does not amount to car...
CBDT on Coercive Recovery of TDS
CBDT Bars Coercive Recovery Of TDS From Payee Even If Payer Has Defaulted By Non-Deposit Of TDS With...
Certificates of TDS: Form 16 and 16A
If you ever find yourself in a situation like this and wondering what to do, just relax. If you are ...
Getting Refund for Excess TDS Paid or Deducted
Any individual making a payment has to deduct Tax Deducted at Source or TDS. This is nothing but the...
Form 16B – Download the Form Online from TRACES Website
Form 16B which is a TDC certificate reflects the amount that has been deducted as TDS on property th...