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On this page, you will find all the articles and popular news which cover the information about the TDS (Tax Deducted at Source), which consists of notification given by the income tax department that where the tax needs to be deducted or which product attracts taxes.
The taxpayers expect a notification from the taxation council about the deduction rates or updates in TDS etc. thus we have all the TDS-related articles and news in one portal.
There are several articles that are kept in the library of the SAG infotech; this library will be favorable for the CA, taxpayer, and for company executives. All the articles were written by the tax professionals and CA so that no mistakes be there in the articles. The materials of news take from the income tax department.
Under the provisions of Section 194C and Section 194J, an individual or HUF is not liable to pay tax if they are not liable to get the tax audited under Section 44AB(a)/44AB(b). So, an individual or HUF need not get the tax deducted from the payment which they made to a contractor or professional for […]
A new format for Form 16 has been notified by the CBDT (Central Board of Direct Taxes) which is the ‘salary TDS certificate’. This new format will break the tax-exempt allowances in detail which are paid to the employee and apart from this, the entire tax breaks which are claimed by the taxpayers. Salary TDS […]
TDS is an acronym of Tax Deducted Source (TDS) which was implemented by the Indian government to collect taxes from sources on the income earned by an individual.
As section 194C is a very important section, which is largely involved in business scenarios. If a person who is working in the accounting section in any company then he must have the deep knowledge about the provisions of Section 194C.
If any person is responsible for paying any amount to the resident owner who wants to sell the resident by any means of payment for transferring of a fixed property (i.e., building or part of a building or any land other than agricultural land) under Section 194-1A, he is likely to deduct tax at source.
Permanent account number card rules are going to change from 5th December 2018 as announced by the income tax department. The changes in the rules are aimed at curbing tax evasion while giving relief to the new PAN card applicants.
It is observed that uploading TDS returns on the TRACES portal can be hard for a few taxpayers. Also, there are complications with the data processing system on the government portal. Recently the NSDL e-Gov prepared a software solution namely e-TDS/TCS return preparation utility (RPU) to ease the preparation of e-TDS/ TCS filing returns. The […]
The tax deduction at source is a major compliance rule performed by taxpayers in India. Here we will go through all the procedures to upload a TDS return online. There are all the conditions mentioned where the taxpayers have to upload TDS return on the income tax site as well as on the National Securities Depository […]
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