Section 194C: TDS on Payment of Contractor

By |2020-03-16T09:21:22+00:00July 15th, 2017|Categories: Return Filing, Return Filing Forms, TDS, TDS Laws, TDS Rates|

TDS on contract is required to be deducted at the time of making any payment by the person who is making the payment for the contract. Under the Section 194C of Income tax which deals with any TDS on payment of contractor & Sub-Contractor. Section 194C: TDS on Contract If any individual is liable for paying [...]

Form 27Q: TDS return for NRI

By |2020-03-16T09:21:42+00:00July 14th, 2017|Categories: Return Filing, Return Filing Forms, TDS|

Introduction Non-Resident Indian (NRI) is determined by the residential status of the person under the income tax. We need to check the basic and additional conditions and other criteria’s prescribed u/s 6. In this section, only Non-residents are covered not the RNOR (Resident but Not Ordinary Resident). Form 27Q is for the TDS on Non-resident payments. [...]

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 [...]

TDS Return Due Date

By |2017-07-19T05:09:35+00:00July 11th, 2017|Categories: Return Filing|

 Tax Deducted at Source (TDS) is a system introduced by Income Tax Department, where the individual is responsible for making listed payments such as salary, commission, professional fees, interest, rent, etc. is liable to deduct a certain percentage of tax before making payment in full to the receiver of the payment. Payment of TDS each month and filing of [...]

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 [...]