TDS

TDS Practical Guide with Examples

Tax Deducted Source (TDS) | Practical Guide with Examples

TDS: TDS stands for Tax Deducted Source. In the TDS system, individuals responsible for making payment for specified services such as brokerage, professional consultancy, commission, etc., are required to subtract a fixed percentage from the amount. About TDS Persons Who Are Required to Deduct TDS What is TAN? Its Requirement and Exception When to deduct …

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TDS Payment And Interest On Late Payment

TDS Payment And Interest On Late Payment | Due Dates, Late Filing Fees

TDS Payment And Interest On Late Payment: An employer’s TDS compliance requirements do not end with the deduction of taxes from salary. It is important for an employer will have to file quarterly TDS returns for tax deducted from pay. TDS Returns are quarterly statements provided by deductors to the Income Tax (IT) department. It …

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How to Download & Install TRACES Web Socket Emsigner

How to Download & Install TRACES Web Socket Emsigner: TRACES is the online platform offered for the administration and implementation of TDS and TCS. For Registering DSC on TRACES or for the KYC validation using the DSC, it is compulsory to download and install the WebSocket emSigner. Thus, the deductor should download the WebSigner Utility …

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TDS on Transportation Charges

TDS on Transportation Charges | Points Regarding TDS Under Section 194C

TDS on Transportation Charges: Confusion regarding the application of Section 194C has been observed amongst people. Section 194C focuses on TDS on the contract during payment to the transporter. This might result from various amendments through the years related to the specific points 194C(6) and 194C(7). The summarization of the details of Section 194C is …

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TDS On Payment To Non-Resident Sec 195

TDS On Payment To Non Resident Under Section 195 for Technical Services, Immovable Property

TDS On Payment To Non-Resident Sec 195: In India, the Income Tax Act divides the taxpayers into two groups namely residents and non-residents of India. Thus the income tax rates and provisions vary from residents and non-residents of India. For the non-residents of India, the Income Tax Government India provides various provisions such as tax …

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TDS on Commission or Brokerage Section 194H

TDS on Commission or Brokerage Section 194H Of Income Tax Act

TDS on Commission or Brokerage Section 194H: The provision for a tax deduction on earnings as commission or brokerage by a resident individual is underlined in Section 194H of the Income Tax Act. However, the commission collected from insurance sales is not included in this section. A resident individual or HUF required to pay any …

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Online Correction Facility to AddModify Deductee in TDS Return

Online Correction Facility to Add/Modify Deductee in TDS Return

Online Correction Facility to Add/Modify Deductee in TDS Return: TRACES or the TDS Reconciliation Analysis and Correction Enabling System of the Income Tax Department provides online correction of already filed TDS returns. If you need to modify your TDS returns after submission, this article will help you file revised TDS returns. The Provision of Online …

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