TDS applicable on cash withdrawal – Important Points TDS (Tax deducted at source) applicable on cash withdrawals in excess of specified limits. The threshold and the rate of TDS applicable for cash withdrawals will depend on the submission of proof of filing your Income Tax Return to the Bank. Details for TDS applicable on cash […]
Tag Archives: Tds Deduction
The answer of all your question about the new Form 26AS From this year, you will see many new things in Form 26AS. Now it will also have information about tax refunds and demand (if any). Along with this, there will also be details of the shares purchased, real estate transactions, credit card bills. Come, […]
Need to know about TAN What is TAN Number? TAN number is a specific number allotted for Deduction/ Collection of TDS and payment of same into Govt A/c by a person, who is making payment in relation to a business purpose/ transaction. The TAN No provides a unique Identification to Tax Deductor / Collector and […]
Tax Benefits related to rent paid,PPF and National Pension System Tax benefits in respect of rent paid Section 10(13A) of the Income Tax Act provides for Tax Benefits to a salaried person in respect of rent paid for a rented accommodation occupied by him if he is in receipt of House Rent Allowance (HRA) called […]
Cut TDS from June 1 if paying rent over Rs 50,000 per month: Here’s how to do it An individual or HUF paying rent over Rs 50,000 per month is now required to deduct tax at source (TDS). The government recently introduced section 194IB in the Income-tax Act making it mandatory for a tenant to […]