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 […]
TDS
Section 194K – TDS on Mutual Fund Dividend
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 by e-commerce operator to e-commerce participant
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 […]
TDS Return Filing Due Dates and Forms
Due Dates for E-Filing Of TDS Return 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 […]
TDS Payment Due Date and Penalties
Time limit to Deposit TDS Tax Deducted at Source or TDS is one of the source of revenue of government of India (GOI). GOI has made provisions to deduct tax while making specified payments (like Rent, Salary, Commission, Professional fees etc.) through Income Tax Act. Tax at source is required to be deducted at the time money is […]