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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.
The yearly payment of lease rentals will be subject to TDS under section 194-I of the Income Tax Act of 1961, according to the Delhi bench of the Income Tax Appellate Tribunal (ITAT). The firm being assessed, Ajnara India Ltd., is in the business of planning and building infrastructure and real estate projects. In order […]
The Income Tax Appellate Tribunal, Gauhati Bench ruled that the finding of the id. CIT(A), acknowledging the provisions of Explanation 2 to Section 15 of the Act that consists of the salary, bonus, commission, or remuneration obtained via partner beneath the head ‘salary’ and considering the provisions of section 192 of the Act specified about […]
What is Form 16B? The amount of money deducted as property TDS is essentially shown by Form 16B. In this instance, the buyer must essentially deduct the TDS from the property at the time of sale. The amount deducted as TDS on the sale property that the buyer had deposited with the Income Tax Department […]
Simple Definition of the Form 15CA Form 15CA declares that a tax has been deducted from the payment made to an NRI. Instead of leaving the NRI taxpayers to file and pay income tax papers, this helps the Indian government collect tax efficiently at the time of the remittance. Different Components of Form 15CA Part […]
Simple Definition of File Validation Utility (FVU)? File Validation Utility, also known as the FVU facility, will allow you to validate your e-TDS/TCS return file. NSDL provides this utility as part of its services. The FVU verifies return files generated by deductors in accordance with prescribed formats. Using this utility, you can easily submit an […]
The Central Board of Direct Taxes (CBDT) provided in a circular dated 7th Dec, that the value of medical treatment furnished to the employee or any member of his family in any hospital that the employer maintained via the employer or any sum furnished via an employer for any expenditure made via the employee on […]
The Chennai bench of the Income Tax Appellate Tribunal( ITAT ) stated that TDS Credit is permissible when Income is provided to the tax concerned to specified TDS. Taxpayers firm M/s. PKF Sridhar & Santhanam LLP, in the profession of consulting and auditing. The appellant furnished its income return for the assessment year 2018-19 on […]
Simple Meaning of TDS Challan TDS challans are used to deposit TDS with the Indian government. There is only one challan that can be utilised for depositing taxes collected under each section of the Income Tax Act. Assesses who want to pay the TDS without a challan must deposit the TDS collected on the same […]
The Chennai bench of the Income Tax Appellate Tribunal (ITAT), TDS credit must be permitted when the taxpayer provides the income concerned to the TDS beneath the provisions of the income tax act, 1961. The taxpayer, N C Rajagopal has claimed TDS credit amounting to Rs. 45,59,855/-, whereas DCIT, CPC has permitted credit for Rs. […]