CBDT Procedure for submission of Form 67 (FTC) and Filing of ITR
CBDT Prescribes Procedure for submission of Form 67 under IT Rule 116 relating to deduction for Foreign Tax Credit (FTC) while filing Statement/ Return of Income (ITR) by a Resident …
Tag: TDS
Composition Scheme Re-opened for Registered Taxpayers at GST Portal
In line with the recommendations of 21st GST Council meeting, the GST Portal has re-opened the window, till 30 Sept. 2017, for taxpayers to opt for 'composition scheme' effective …
GST TDS/ TCS Registrations to commence from 18 Sept. 2017 notified by CBEC
In line with the recommendation of 21st GST Council Meeting dt. 9 Sept. 2017, the CBEC has notified that registration for certain persons liable to deduct tax at source (TDS) …
TDS on Interest on Capital Gains Scheme Deposits (Death of Depositor): CBDT Clarification
The CBDT has clarified that tax (TDS) on Interest Accrued on Deposits made under Capital Gains Account Scheme 1988 after the death of the Depositor is required to be …
No TDS u/s 194-I on Payment of PSF Charge by Airline to Airport Operator: CBDT Clarification
The CBDT has issued a Clarification, vide Circular No. 21/2017 dt. 12 June 2017, stating the settled position of law that TDS u/s 194-I shall not be applicable in …
New IT Form 16C and 26QC: CBDT Amends IT Rules relating to TDS u/s 194IB
The CBDT has notified Income Tax (13th Amendment) Rules, 2017 applicable w.e.f. 8 June 2017, whereby IT Rules relating to TDS on Rent u/s 194IB have been amended. New …
CBDT Extends Due Date for ‘Form 16’ from 31 May to 15 June 2017
CBDT has issued Notification No. 42/2017 dt. 2 June 2017, i.e. Income Tax (10th Amendment) Rules, 2017, whereby the Due Date for Furnishing Form 16 has been revised/ extended …
Revised Procedure for Submission of Form 15G/ 15H along with CBDT Clarifications
CBDT has prescribed Simplified/ Revised Procedure for Online Submission/ Uploading/ e-Filing of Form 15G/ Form 15H (Declaration forms for persons claiming receipt of certain incomes without deduction of tax) …
CBDT’s Revised List of TDS Exempt Entities which are Exempt from Tax/ ITR Filing
CBDT has notified revised list of TDS Exempt entities (funds or authorities or Boards or bodies, by whatever name called) which are eligible for unconditional tax exemption u/s 10 …
Filing of ITR by Minor and TDS in case of Death of both Parents: CBDT Clarification
CBDT Clarification on the issue of Filing of ITR by Minor and TDS in the case of death of both Parents; TDS deductors/ Banks need to follow Clubbing Provisions …