When Bank Deducts Excess TDS on your Interest Income
Banks have to deduct TDS on interest income from Fixed Deposits when interest from one FD or sum of ...
Why pay tax when TDS is already deducted from Income?
TDS or Tax Deducted Source simply means Tax is collected on Income when this Income is paid or credi...
CPC (TDS) communication to Govt. Deductors for “Mismatch in BIN” reported in TDS Statements
Dear Deductor, Centralized Processing Cell (TDS) has observed substantial cases of mismatch in Book ...
FAQ on Form16B (TDS Certificate on Sale/Purchase of Property)
1. What is Form 16B? Form 16B is the TDS certificate to be issued by the deductor (purchaser/buyer o...
Online Correction Resolution for overbooked TDS Challan
Income Tax Department has raised demand on account of Short payment of TDS challans. After checking ...
Penalty order passed U/S 271C for non-deduction of TDS, beyond period of 6 months from date of reference for imposition of penalty would be barred by limitation
Recently, ITAT Jaipur Bench in M.D.S. Universityvs. Assistant Commissioner of Income-tax held that, ...
CBDT mandates issue of nil TDS certificate to deductor and lower TDS certificate to recipient of income
As per the Provision of the Income Tax Act, 1961 (‘the Act’), CBDT has issued a notifica...
No TDS liability of assessee on fees charge by NR Bank
Where a Foreign Bank charged certain sum terming it as interest on an Indian Bank in process of nego...
Useful Handbook on TDS/TCS deductors or collectors by TRACES for AY 2015-16
The TDS – Centralized Processing Cell has been published a Hand Book for TDS deductors or TCS ...
TDS Rate Chart for FY 2014-15 AY 2015-16
TDS Rate Chart for FY 2014-15 AY 2015-16 TDS Rate Chart Assessment Year: 2015-2016 Financial Y...