E-Filing OF TDS Returns ! 1. What is annual e-TDS/TCS Return? Annual e-TDS/TCS return is the TDS return under section 206 of the Income Tax Act (prepared in Form Nos. 24, 26 or 27) or TCS return under section 206C of the Income Tax Act (prepared in Form No. 27E), which is prepared in electronic […]
Category Archives: Income Tax
Income Tax is the tax which directly levy on income of any personal.Central Board of Direct tax manage all the things related Direct Tax.
Know More on TDS on Rent Under Section 194-I of Income tax Act, 1961 In this Article I want to submit some more on TDS on Rent under Section 194-I of Income Tax Act,1961,which help you to clarify everything on TDS on Rent.First you should know that who is liable to deduct TDS on Rent?
What to do if Employer refuses to issue Form 16 or TDS Certificate ? Employee who has a taxable Salary in his account for any financial year have right to receive the Form No.16/TDS certificate from his employer to take the credit of the same in their Income tax Returns.As the certificate details must be […]
TDS on Contracts under section 194C of Income Tax Act, 1961 Q.1 Who is responsible to deduct tax u/s 194C? A.1. Any person responsible for paying any sum to any resident contractor for carrying out any work (including supply of labour for carrying out any work) under a contract in pursuance of a contract between contractor […]
Employees responsibility regarding TDS on Salary However The Income-Tax Act lay all responsibility on the employer for tax deduction at source at the time of payment of salary to employees whose salary income is above the maximum amount not chargeable to tax. The employer is required to deduct TDS on salary according to the provisions […]