To make life easy and comfortable an Accountant needs best software. Accounting has completely changed in past ten years and with the introduction of IFRS, it is going to be more complex. To keep things simple we need the best resources. For … [Read more...]
Got A TDS Default Notice For Preliminary Check ?
Have you received a TDS intimation for "Challan Mismatch/Overbooked /PAN Error have been identified in the preliminary check of Regular statement". Earlier CPC (TDS) used to issue direct TDS default notice for any error in the regular statement … [Read more...]
24Q OF LAST QUARTER-TDS ON SALARY-ANNEXURE II
24Q of Last quarter is very important as the employer calculates the total tax payable by the employee and files his salary details in the form. Salary annexure II is also filed in the last quarter with the 24Q. How is the Form 24Q for the fourth … [Read more...]
TDS Certificate Download Due Date & Penalty: Section 203
Every person who deducts TDS shall furnish to the payee a certificate of tax deducted at source to enable the payee to claim credit of the amount of TDS. For that should know TDS Certificate Download Due Dates. TDS Certificate download due date … [Read more...]
Interest on Late Payment of TDS U/s 201: Calculation with Example
Section 201 of Income Tax Act, 1961 provides for consequences of failure to deduct or pay TDS. Under sub section 1A of Section 201, interest on late payment of TDS is given. The full section 201 is provided in this article. Let us start with Section … [Read more...]
Section 195 TDS on Payment to Non Resident: A Guide
Section 195 has gained more importance in days of globalization. The transactions with non residents has increased significantly for past few years. Section 195 is introduced to deduct TDS on income (payment made) of non residents. I have explained … [Read more...]
194C Section TDS On Contract: Rates & Limit
Section 194C provides for deduction of Tax at source on payment made for contract. In day to day business activities we get work done from other persons. If we employ them then they are considered as our employee and TDS will be deducted under … [Read more...]
TDS On Interest U/s 194A: Rates, Exemptions & Computation
Section 194A of Income Tax Act deals with TDS on Interest, other than interest on securities. On which income section 194A is applicable? It is applicable on interest other than interest on securities. It covers interest received from banks, post … [Read more...]
Password To Open Justification Report Of TDS
Password to open justification report? JR_TAN_FORMTYPE_QUARTER_FY For Example JR_AAAA11111A_24Q_Q3_2010-11 What is Justification Report ? It is a document in which justify the error/demand of the intimation issued. It acts as a annexure to … [Read more...]
TDS On Salary Calculation Under Section 192
TDS on salary calculation under section 192 for FY 2021-22 and previous years is presented here in question wise format for easy understanding. It is very easy to calculate the TDS on salary if you have full salary structure with you. The only … [Read more...]