# tds
22 posts in `tds` tag
Section 194BA TDS Online Game Winnings
Section 194BA is a provision in the Indian Income Tax Act that deals with Tax Deducted at Source (TDS) on winnings from online games.
-
By Krishna
How To Pay TDS Online 2023 Step By Step Guide
In India, Tax Deducted at Source (TDS) is a tax collection method where the payer deducts a portion of the payment made to the recipient as tax.
-
By Krishna
Difference Between TCS And TDS Core Differences
Whether you pay taxes or not, the terms TCS and TDS might have confronted you. right? Even if you do not about the both terms TCS and TDS. no worries. This article will explain the difference between TCS and TDS.
-
By Krishna
IT Dept Collects 700 Crore Rupees TDS Online Gaming Crypto Trading
When you withdraw money from your account or at the end of the financial year, taxes need to be taken out. Starting from April 1, 2022, there is a 30% tax on income from the sale of cryptocurrencies or virtual digital assets.
-
By Krishna
Form 16 vs Form 16A Detailed Comparison
For salaried employees, every employer is obligated to provide a Form 16. Put simply, Form 16 is a document that summarizes an employee's salary details and the deductions made for taxes.
-
By Krishna
Online Payment TDS TCS Demand ITNS281 challan
By utilizing ITNS 281 Challan, taxpayers can simplify the payment process, ensuring compliance with tax regulations and contributing to the ease of doing business. Challan no. Deductors use ITNS 281 is used to deposit TDS, TCS, and demand payment.
-
By Krishna
Income Tax Introduces Form 71 TDS Credit Previously Reported Income ITR
If you have reported income in your tax return under Section 139 for a specific assessment year, and TDS has been deducted from that income in a subsequent financial year, you can now apply to amend your assessment order.
-
By Krishna
Key Deadlines in July 2023: ITR Filing, EPFO Pension, and TDS
Whether you are an individual taxpayer, a pension beneficiary, or an employer, staying informed about these deadlines will help you navigate the financial landscape smoothly and stay on the right side of the law.
-
By Krishna
CBDT Extends Time Limits for TDS/TCS Statement Submission
The initial deadline for submitting the statement of tax deduction for the first quarter of the financial year 2023-24, which was originally set for July 31, 2023, has now been postponed to September 30, 2023.
-
By Krishna
ITAT Rules: Short Deduction of TDS Excludes Application of Section 40(a)(ia) of Income Tax Act
The case of the assessee underwent limited scrutiny to verify if the payments were made while deducting the TDS (Tax Deducted at Source) under section 194C of the Act.
-
By Krishna
what is form 16 when issued employees itr filing
Form 16 is a TDS certificate given by employers to employees, indicating the tax deducted from salary income during a financial year. It helps employees with their income tax return filing.
-
By Krishna
No TDS liability on year-end provisions if payees are not identified & provision revered next year
According to a judgment delivered by the Karnataka High Court in the case of Subex Technologies Limited vs. DCIT, Bangalore, it was stipulated that if payees were not identified and year-end provisions were reversed in the following year, there would be no withholding liability for Tax Deducted at Source (TDS).
-
By Krishna
Deduct TDS rules on property purchases
Purchasing a house comes with several essential tasks such as deciding on a budget, arranging for the down payment and loan, selecting the property, negotiating the price with the seller, and many more. Among these cumbersome tasks, one is deducting TDS (Tax deducted at the source) when you pay the seller and the amount exceeds a prescribed limit.
-
By Krishna
ITAT: No TDS u/s 194H of I-T Act For Expenditure Claimed
ITAT: No TDS u/s 194H of I-T Act For Expenditure Claimed To Have Been Debited To Profit & Loss Account Under Head “Commission”
-
By Krishna
How To Claim Your TDS Refund: Types of Refund Status
On the Income Tax website, you can check the status of your TDS refund by using your PAN card number.
-
By Krishna
An Overview of TDS/TCS Rate Financial Year 2023-24 (AY: 2024-25
Complying with Tax Deduction at Source (TDS) is essential for individuals subject to Income Tax. The Income Tax legislation outlines various sections that specify different TDS rates, payment methods, and threshold limits.
-
By Krishna
TDS deduction on interest income and how to prevent it
To Avoid Tax Deducted at Source (TDS) on incomes like rent and interest, taxpayers can submit form 15G or 15H to the relevant individual or organization, including banks, post offices, and corporate bond issuers. Form 15G is for individuals below 60, whereas 15H is for senior citizens.
-
By Krishna
TDS Rate Chart for Financial Year (FY) 2023-2024 /Assessment Year (AY) 2024-2025
Tax dedication at the source (TDS) is one of the essential compliance for the income taxpayer. There are different types of sections in income tax laws, which specify different TDS rates, threshold limits for TDS, and the nature of the payment.
-
By Krishna
Provisions Of Online Correction In Form 26QB
Till FY 2013-14, form 26QB could not be revised to rectify any kind of errors in information.
-
By Krishna
Section 194 N Amendment In Finance Bill 2020
Section 194 N of the Finance Bill 2020 has been amended to govern defaulters who have not filed the Income Tax Return for the three preceding years.
-
By Krishna
CBDT Issues Press Release on Verification of Applicability
CBDT issues press release on 'Verification of applicability u/s 194N' functionality in e-filing portal.
-
By Krishna
New guidelines regarding TDS and TCS
The Income Tax Department has issued new guidelines regarding tax collection at source TCS.
-
By Krishna