Tax Deducted at Source (TDS)

By |2020-03-16T10:32:09+00:00July 4th, 2017|Categories: TDS|

Introduction TDS abbreviates Tax Deducted at Source is a means of indirect tax collection by the concept of pay as you earn” and “collect as it is being earned” by Indian authorities according to the Income Tax Act, 1961 and it is managed by the Central Board of Direct Taxes (CBDT), which comes under the Indian [...]

Excess Tax Deducted at Source (TDS)

By |2017-07-14T05:46:50+00:00June 27th, 2017|Categories: Income Tax Refund, TDS|

Many times it may happen that the deductor deducts excess TDS so in that case, the taxpayer can claim excess TDS  refund. Under the Section, 244A provides for levy of interest on excess TDS  refund granted to the taxpayer. If excess TDS deducted at the end of a financial year, a TDS refund arises. E-Filing TDS In [...]

Form 16: Part A and Part B

By |2017-07-19T06:04:04+00:00June 23rd, 2017|Categories: Other Sources, Salary, TDS|

Introduction Form 16 is a certificate, in which employer is certifying details regarding the salary and the deduction of TDS of the employee during the year.Form 16 is issued once in a financial year, on or before 31st May of the next year immediately following the financial year in which tax is deducted.It has two parts, [...]