Tag Archives: Tds Deduction

What if not file Statement of TDS within Prescribed Time

What if not file Statement of TDS within Prescribed Time
Charge of TDS recovered
Section 200 (1) of the income Tax Act, 1961 (‘Act’ for short) provides that any person deducting any sum in accordance with

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Sources of tax deduction can be claim while calculation of total income

Sources of tax deduction can be claim while calculation of total income
Tax deductions are the claims made to reduce your actual taxable income. It arises essentially from diverse investments and fees incurred with the

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While filing Income Tax Returns NRIs need to know these things

While filing Income Tax Returns NRIs need to know these things
Income earned by NRI from abroad is not taxable within India.Some NRIs also have an earning in their motherland country, India in the form

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TCS on Cash Sale

TCS on Cash Sale – Notification
Amendment in section 206C of the Income Tax Act vide Finance Act 2016 -Clarification regarding
In order to curb the cash economy, Finance Act 2016 has amended section 206C

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Why you need TDS certificates when Form 26AS provides all information

Why you need TDS certificates when Form 26AS provides all information
One can gather all information related to TDS in Form 26AS which is sufficient to file one’s return. This might make you doubt the

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Due Date for downloading TDS certificates from Traces

Due Date for downloading TDS certificates from Traces
It is mandatory for all deductors to issue TDS certificates after generating and downloading the same from “TDS Reconciliation Analysis and Correction Enabling System” or (https://www.tdscpc.gov.in) (hereinafter called TRACES Portal).

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