CBDT Guidelines/ FAQs on TDS u/s 194S(6): Payments for VDA transfer
CBDT has issued Guidelines/ FAQs for removal of difficulties on TDS u/s 194S(6) of the Income-tax Act, 1961, i.e. deduction of tax on payments of consideration for transfer of …
Tag: TDS
CBDT Guidelines/ FAQs on TDS u/s 194R on Provision of Benefits/ Perquisites
CBDT has issued Guidelines/ FAQs for clarification and removal of difficulties in TDS on Provision of Benefits/ Perquisites u/s 194R(2) of the Income-tax Act, 1961, vide Circular 12/2022. It …
CBDT Instructions Circular 4/2022 on Salary TDS u/s 192 (FY 2021-22)
CBDT has issued instructions/ circular, which compiles the provisions/ rates applicable u/s 192 for TDS on Salary payments to employees, during FY 2021-22 (AY 2022-23), including explanations on many …
No TDS u/s 194A on Interest Payment to a member of Scheduled Tribe of Specified Areas u/s 10(26)
CBDT notifies that no TDS u/s 194A is to be deducted by banks in respect of payment of interest of upto Rs. 20 lacs in a previous year, made …
New IT Rule 26D: Furnishing Declaration/ Evidence of Claims by Senior Citizens (Form 12BBA) u/s 194P
CBDT notifies the Income-tax (26th Amendment) Rules, 2021 to insert new IT Rule 26D regarding furnishing of declaration and evidence of claims by specified senior citizens in new IT …
CBDT clarifies ‘Specified Bank’ u/s 194P (Senior Citizens TDS: ITR Filing Exemption)
CBDT clarifies the terms 'Specified Bank' for the purpose of IT Section 194P relating to TDS in the case of Specified Senior Citizens (of age 75 or more having …
Rectification of Errors in Form 26AS
Reflection of incorrect entries in Form 26AS or omission of required entries therein, is a matter of concern and the assessee need to follow up for timely rectification/ correction …
Declaration in Form 15H to cover Section 87A Rebate also, CBDT amends Income Tax Rules
CBDT has amended the Income Tax Rules to provide that declaration in Form 15H can be accepted, for payment of certain income without TDS, from a person (senior citizen) …
Form 16 (Part B) to be issued by downloading from TRACES portal: CBDT
CBDT has notified that Part B of Salary TDS Certificate in Form no. 16 has to be issued by downloading the same from TRACES website/ prtal, in respect of …
CBDT notifies changes in Form 16 and 24Q (Salary TDS Certificate/ Return) applicable from 12 May 2019
CBDT has notified Income-tax (3rd Amendment) Rules, 2019 for making changes in Form 16 (Salary TDS Certificate) and Form 24Q (Salary TDS Return), applicable w.e.f. 12 May 2019, to …