No TDS on Interest paid to senior citizens up to aggregate of Rs.50000 – Notification

F. No. Pr. DGIT(S)/CPC(TDS)/Notification/2018-19 Notification No. 06/2018 Government of India Ministry of Finance Central Board of Direct Taxes Directorate of Income-tax (Systems) New Delhi Notification No. 06 /2018 06th December, 2018 Subject: — TDS deduction under section 194A of the Income-tax Act, 1961 in case of Senior Citizens — reg.— It has been brought to … Read more

One-time upfront lease charges are not liable for TDS – Circular 35/2016

Circular No. 35 /2016 F.No. 275/29/2015-IT (B) Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes North Block, New Delhi 13th October, 2016 Subject: Applicability of TDS provisions of section 194-I of the Income-tax Act, 1961 on lump sum lease premium paid for acquisition of long term lease-regarding Section 194-I … Read more

Now Tax Deductor can file TDS/TCS return through e-filing portal

F. No. DGIT(S)/ADG(S)-2/TDS e-filing Notification/110/2016 Government of India Ministry of Finance Central Board of Direct Taxes Directorate of Income Tax (Systems) Notification No 6 /2016 New Delhi, 4th May, 2016 Procedure for online submission of statement of deduction of tax under sub-section (3) of section 200 and statement of collection of tax under proviso to … Read more

Appointment of Chartered Accountant firm(s) for consultancy work of Income Tax at IACS

INDIAN ASSOCIATION FOR THE CULTIVATION OF SCIENCE 2A & 2B, Raja S.C.Mullick Road , Jadavpur, Kolkata — 700032 Tender Notice No.: IACS / ADM / F&A / 2015 -16 / 58        Dated 29/02/2016 Subject: Appointment of Chartered Accountant firm (s) for Consultancy Work of the Institute on Income Tax (All TDS matters especially under section … Read more

Tenders are invited through e-procurement for E-filling of TDS of UAS(B) account

UNIVERSITY OF AGRICULTURAL SCIENES ESTATE OFFICE, GKVK, BANGALORE-560 065 TENDER NOTIFICATION NO. EO/TN/370/2015-16 DATED : 11-2-2016 (Through e-procurement portal only) Tenders are invited through e-procurement from the Registered Experienced and Qualified Chartered Accountants as per Standard Tender Document K C6 in two cover system for E-filling of TDS of UAS(B) account (Salary Section, Works, Contingency … Read more

CBDT simplified the process of online rectification of incorrect TDS details filed in the Income Tax Return

Government of India Ministry of Finance Department of Revenue  10th December, 2015   Subject: New facility of pre-filling TDS data while submitting online rectification -reg. Central Board of Direct Taxes has simplified the process of online rectification of incorrect TDS details filed in the Income Tax Return. Taxpayers were required to fill in complete details … Read more

Due date for deposit of TDS for the November 2015 has been extended to 20th December, 2015 for the deductors located in the State of Tamil Nadu

Due date for deposit of tax deducted at source and tax collected at source during November 2015 has been extended to 20th December, 2015 for the deductors located in the State of Tamil Nadu Chennai and a large part of Tamil Nadu have received unprecedented rainfall leading to flooding of large areas and disruption of … Read more

India Trade Promotion Organisation, Mumbai invited quotation for e-TDS related work

File No. ITPO/Mumbai/A/c /2015 INDIA TRADE PROMOTION ORGANISATION 7, Cooperage Road, 3rd Floor, Jhansi Castle, Mumbai — 400001 Tel : 91-22-22026629 / 22021730 Fax : 022-22044922 QUOTATIONS INVITED FOR e – TDS RELATED WORK UPTO 31.3.2017 Accountants / Firms for ETDS related work of ITPO, Mumbai office up to 31/03/2017. The work shall inter alia … Read more

Standard operating procedure for prosecution in cases of TDS/TCS default

Introduction:   1.1              As per the Income Tax Act, all cases where TDS/TCS is deducted but not deposited within the due date, as prescribed, are punishable u/s 276B/276BB or 278A. The selection of cases & their processing is further governed by Instruction F.No. 285/90/2008-IT(Inv-I)/05 dated 24.04.2008 which has been modified by the CBDT [vide F.No.285/90/2013-IT(Inv.)] … Read more