Responsibility of TDS deductor

By | July 19th, 2017|Categories: Return Filing, TDS Certificate, TDS Laws, TDS Rates|

The article will tell us some of the duties of TDS deductor who is deducting the  tax and deposit to the government account is required to follow: Tds Deductor is required to deduct tax at correct rate and deposit it in Government Account Every person is responsible for deducting the tax at source, at the time [...]

Importance of TDS Certificate

By | July 12th, 2017|Categories: TDS Certificate|

TDS Certificate The person who deducts TDS issues a Form to the deductee which is called a TDS certificate. It shows the particulars of payment, the date of tax deducted at source and the date of its credit to the Government. On the basis of this certificate, the taxpayer can claim the credit and the refund [...]

Types of TDS Certificates

By | July 12th, 2017|Categories: TDS Certificate|

Introduction Under Section 203 of the Income Tax Act, 1961 mandates that the employer has to deduct TDS. After deducting the TDS, the employer has to issue certificates. These certificates are Form 16 and Form 16A that are issued to the deductees as a proof of the same. Tax Deducted at Source (TDS) is a type of tax deducted [...]

Form 27D: TCS Certificate

By | July 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 [...]