TDS on Contracts under section 194C of Income Tax Act, 1961

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 […]

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 of income tax and deposit the […]

Due date for submission ITR-V for A.Y. 2012-13 and 2013-14 extended to 31.03.2014

Due date for submission ITR-V Notification for Extension of date for receipt of ITR-V in CPC, Bengaluru, for the cases of AY 2012-13 and 2013-14 received/e-filed in FY 2012-13- Reg. There are many taxpayers who have uploaded their Income Tax Returns (without digital signature Certificate) for A.Y. 2012-13 [filed between 1.4.2012 to 31.10.2013] and for […]