GST TDS/ TCS Provisions Implementation Deferred upto 30 Sept. 2018: CBIC
CBIC has issued a Press Release stating that implementation of provisions relating to TDS/ TCS under CGST Act, 2017 (i.e. deduction of tax at source u/s 51 and collection …
Tag: TDS
Trusts/ Institutions not to make cash payments above Rs. 10,000 (Budget 2018)
In order to control the cash economy and increase TDS compliance, FM Shri Arun Jaitley has proposed in Budget 2018 to impose restriction on trusts and institutions incurring expenditure …
CBDT Extends TDS/ TCS Deposit Due Date (Oct. 2017) from 7 Nov. to 8 Nov. 2017
The CBDT has extended due date for depositing TDS/ TCS for the month of Oct. 2017 from 7 Nov. to 8 Nov. 2017, in view of certain technical issues …
CBDT Circular on Salary TDS for FY 2017-18 (AY 2018-19) u/s 192 of Income Tax
Income Tax Deptt./ CBDT has issued Circular No. 29/2017 dt. 5 Dec. 2017 containing instructions on the provisions/ TDS rates applicable i respect of salary payment u/s 192 during …
CBDT Instructions for Processing of ITRs (Form 2-3-4-5-6) having TDS Mismatch Errors
CBDT has issued guidelines/ instructions for Income Tax Deptt to process Income-tax Returns, filed in Form ITR-2, ITR-3, ITR-4, ITR-5 and ITR-6, having TDS Mismatch Errors, under the provisions …
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 …
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 …