TDS Certificate – Introduction Any person who is engaged in the deduction of TDS is required to issue TDS certificate. As per the Section 203 of the Income Tax Act, 1961 it is mandatory for all Deductors to deduct TDS. After deducting and depositing the TDS by due date in Government account, the Deductor has …
Deduction on Interest on Savings Account Deposit – Section 80TTA Here’s a quick guide on claiming the deduction on interest under section 80TTA of the Income Tax Act. In this post, you’ll learn about: What is section 80TTA, Eligibility for Section 80TTA, Maximum amount of deduction (deduction limit), How to claim the deduction, etc. Section …
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TDS on Mutual Fund Dividend Income – Section 194K A New TDS section 194K introduced through Finance Bill 2020-2021 to levy TDS on Mutual fund dividend. [email protected]% shall be deducted on dividend income paid by company or mutual fund to its share or Unit holder. This Section will take effect from 1st April, 2020. Main …
Section 194-O: TDS on Payment of certain sums by e-commerce operator to e-commerce participant A New section 194-O introduced through Union budget 2020 to levy TDS on Payment of certain sums by e-commerce operator to e-commerce participant. Provisions of Section 194-O of the Income Tax Act: As per the provision of Section 194-O, an e-commerce …
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Due Date for Filing Of TDS Returns In this article we discuss about the TDS Return filing due date, penalty for late filing and various types of TDS form. TDS Statement or TDS Return is filed on quarterly basis. There are different forms prescribed for filing of the Tax Deducted at Source (TDS) statement or …
