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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.
Now, the TDS benefits will be granted for the assessment year for which corresponding income is assessable, as per the ruling of the Income Tax Appellate Tribunal (ITAT), Pune. This ruling was jointly delivered by Vice President R.S.Syal and Judicial Member Viswanethra Ravi in reference to the appeal made by M/s. Mahesh Software Systems. The […]
TDS returns must be filed by respective organizations or taxpayers according to a predefined schedule. In this post, we have guided some of the important questions and their solution about the TDS return filing. Tax Deducted at Source (TDS) is a type of direct tax introduced by the income tax department of India that requires […]
TDS Return or TDS statement is a quarterly statement that a TDS deductor has to submit to the income tax department. TDS return reflects the amount of TDS deducted by you and deposited to the government. TDS is Tax Deducted at Source i.e. the tax which is deducted at the place where the income is […]
TDS return becomes defective if the PAN entered at the time of filing the return is wrong. Once you make such a mistake, the next step is obviously to revise the return. An applicant receives a notice from the Income Tax Department on submitting the wrong PAN, and then he needs to file a revised […]
Initiated on 1 September, the Budget 2019 is all set to lead the way in tax proceedings. Amendments introduced in the 2019 Budget by Finance Minister Nirmala Sitharaman will have many effects but what strikes directly to the common man is Tax Deducted at Source (TDS). Below are the four major amendments related to TDS […]
Tax Deducted at Source or TDS refers to an advance tax which is deducted from the income or earnings of an individual or an organization before actually crediting the income into the account of an individual or entity, as per the Taxation Code of India. As the name suggests, Tax deducted at source, it is […]
Introduction of TDS Section 194N Keeping in mind the blueprint of the cashless economy, the BJP-led government is frequently introducing reforms in the laws to achieve the goal. Starting with demonetization, the government has come up with new laws in the constitution which fulfil the purpose of the cashless economy in the nation. Section 194N […]
At the point of origin of income, the taxpayers in India have to pay TDS (Tax Deducted at Source) as per the Income Tax Act, of 1961. An amount from the total earnings received by a deductee or receiver is generally withheld by the deductor (person, institution, or organization). This deducted amount is equal to […]
The Union Budget 2019 has been presented twice this year by the central government. The interim budget in February is followed by the presentation of the full budget in July by the BJP government after its immense triumph in the general elections. Both budgets constitute income tax-related notifications which would affect the personal finances of […]