TDS

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Government has made it mandatory w.e.f 01.06.2013 on buyer of property to deduct TDS @ 1% on payment made after 01.06.2013 if Purchase Consideration of the Property is Rs. 50 Lakh or more. Deductor can pay such TDS by any of the following mode :- Either make the payment online (through e-tax payment option) immediately; Or make…

Read More How to Download TDS Certificate in Form 16B?

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The dates of submitting TDS for every quarter are: Month of Deduction Quarter ending Due date for TDS Payment through Challan Due Date for filing of Return from the financial year 2016-17 for All Deductors Due Date for filing of Return for the financial year 2015-16 *For Govt. Deductor For Other Deductor For Govt. Deductor…

Read More Time limit to Deposit TDS and File TDS Return

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Under GST, there are three major taxes namely IGST, CGST & SGST.     In the case of intra-state supply of goods/services: Central GST that goes in Central Government account State GST that goes in State Government account In the case of inter-state supply i.e supply of goods/services between states Integrated GST (IGST) where the revenue is shared…

Read More TDS (Tax Deducted at Source) under Goods and Service Tax (GST)

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TDS Rates Chart for Financial Year 2017-18/ Assessment Year 2018-19 vide Finance Act 2017 i.e Budget 2017-18. We have updated the TDS rate chart considering the amendments made by Finance Act, 2017. Tax Deducted at Source (TDS) Rate Chart/Slab for Financial Year (FY) 2017-18 / Assessment Year (AY) 2018-19 Section Nature of income When to…

Read More TDS Rates Chart for FY 2017-18 or AY 2018-19