Media Reports on Bulk TDS Prosecution Notices are Misleading: CBDT
CBDT has issued a Press Release to clarify the recent misleading news reports about prosecution notices issued in bulk to small companies for minor TDS defaults and has stated …
Tag: TDS
CBDT Circular on Salary TDS for FY 2018-19 (AY 2019-20) u/s 192 of Income Tax
Income Tax Deptt./ CBDT has issued Circular No. 1/2019 dt. 1 Jan. 2019 containing instructions on the provisions/ TDS rates applicable in respect of salary payment u/s 192 during …
No TDS u/s 194A for Income upto 50,000 in the case of Senior Citizens: CBDT Clarification
CBDT has clarified/ reiterated that in the case of senior citizens, no tax (TDS) is required to be 'deducted at source' under Section 194A, where the amount of such income …
CBIC Notification No. 61/2018 Central Tax (CGST) dt. 5 Nov. 2018
CBIC issues Notification No. 61/2018 Central Tax (CGST) dt. 5 Nov. 2018 to to exempt supplies by PSU to PSU from applicability of provisions relating to GST TDS.
CBDT Notifies Revised Form 13 and E-process for Lower/ Nil Rate TDS/ TCS certificate u/s 197/ 206C
CBDT notifies amended IT Rules 28, 28AA, 28AB, 37G and 37H along with Revised Form 13 to implement E-process for issue of Certificate under Section 197/ 206C for Lower/ …
CBIC’s 67 FAQs on GST TDS u/s 51 of CGST Act: Ready Reckoner for DDOs/ Other Deductors
CBIC has issued a set of 67 FAQs on issues relating to 'GST TDS' under Section 51 of the CGST Act 2017. These FAQs have been issued as a …
Guidelines for Deduction/ Deposit of ‘GST TDS’ by DDO: CBIC Circular
CBIC has issued a Circular on Guidelines for Deductions and Deposits of GST TDS by the DDO (i.e. under Section 51 of the CGST Act, 2017), from the payment made …
Finally ‘GST TDS/ TCS’ Applicable from 1 Oct. 2018 under CGST Sections 51/ 52: CBIC
After deferment on various occasions, finally the CBIC has notified that the provisions relating to 'GST TDS/ TCS' under Sections 51/ 52 of the CGST Act, 2017 respectively, shall …
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 …
TDS on PF Withdrawals u/s 192 of Income Tax along with EPFO Instructions
TDS on PF withdrawals u/s 192 of Income Tax has been introduced to discourage pre-mature withdrawal, promote long term savings and to ensure taxability of such withdrawals in certain …
