Tag: TDS
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 the term ‘Specified Bank’ for the purpose of TDS u/s 194P in the case of Specified Senior Citizens (of age 75 or more having pension/ interest income …
New IT Section 194Q has been inserted by the Finance Act, 2021, which stipulates new provisions relating to TDS @ 0.1% on transaction of purchase of goods aggregating more …
New IT Section 194P relating to TDS in the case of senior citizens aged 75 or more, provides for responsibility of necessary deduction of tax at source by specified …
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 …
CBDT amends IT Rules to allow declaration in Form 15H for payment of certain income without TDS from a senior citizen whose income is higher than the basic exemption …
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 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 …
The threshold limit for deduction of TDS on Rent Payment under Section 194I of the Income Tax Act, 1961 has been increased from Rs. 1,80,000 to Rs. 2,40,000, applicable …
The threshold limit for deduction of TDS under Section 194A of the Income Tax Act, 1961, in respect of interest payments by banks/ post offices on term/ fixed/ recurring …