Section 194A: TDS on Interest earned on Deposits

By |2020-09-11T07:22:10+00:00July 13th, 2017|Categories: Return Filing, Return Filing Forms, TDS, TDS Laws, TDS Rates|

Section- 194A Section 194A deals with a deduction of TDS on interest other than interest on securities like Interest on Fixed Deposits, Interest on Loans and Advances other than banks. Under section, 194A TDS is deducted only when payment is made to a resident person Payment made to a non-resident person then tax is to be [...]

Section 192: TDS on Salary Income

By |2020-03-16T09:26:12+00:00July 12th, 2017|Categories: Return Filing, Return Filing Forms, TDS, TDS Laws, TDS Rates|

Tax Deduction at Source (TDS) or TDS on Salary is mandatory for employers in India paying salaries to employees on which income tax is applicable. For any income chargeable under the “Salaries” classification, the employer must deduct the applicable income-tax on the estimated income of the employee and deposit the same with the Government. In this article, we [...]

Form 26Q: TDS Return filing for Non Salary Deductions

By |2017-07-19T05:46:52+00:00July 10th, 2017|Categories: Return Filing, Return Filing Forms, TDS|

Introduction It is applicable for TDS deducted under section 200(3) of Income Tax for TDS under sections from 193 to the 194 being interest on securities, Dividend Securities, professional fees, directors' remuneration etc. Deductor has to prepare the quarterly statement of all the payment made by him and it is done under TDS return form 26Q [...]

Form 27D: TCS Certificate

By |2020-03-16T09:23:08+00:00July 10th, 2017|Categories: Return Filing, Return Filing Forms, TDS Certificate|

Introduction Form 27D  is a certificate for Tax Collected at Source (TCS) u/s 206 of Income Tax Act, 1961. It is the certificate for the return filed in Form 27EQ. The filing of Form 27D requires details of both PAN (Permanent Account Number) and TAN (Tax Deduction and Collection Account Number). Form 27D is filed by a seller of goods, not by [...]

Form 27EQ: TCS returns

By |2020-03-16T09:23:44+00:00July 10th, 2017|Categories: Return Filing, Return Filing Forms, TDS|

Form 27EQ Form 27EQ is for TCS returns. Tax Collected at Source (TCS) can be defined as the income tax collected by the seller from payer on the sale of certain items in India. Rates are specified at which tax is collected. Tax collected should be mention in Form 27EQ under section 206 of the Income Tax Act. [...]

Form 24Q: TDS Return filing for Salary Deduction

By |2017-07-19T05:47:29+00:00July 10th, 2017|Categories: Return Filing, Return Filing Forms, TDS|

Introduction TDS Form 24Q is the filled by the tax deductor for TDS deduction on the salary under the section 192 and it is submitted on the quarterly basis by the deductor. It has the details of salary paid to the employee and the TDS deducted from it. We can say TDS form 24Q is the [...]