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?
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
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)
TDS on sale of Property U/S 194IA : Budget 2013-14 introduced TDS on sale of property @ 1 % on all Immovable property i.e any land (other than agricultural land) or any building or part of building having value over Rs. 50 Lakhs under Section 194 IA. Important points on TDS on sale of…Read More TDS on sale of Property U/S 194IA
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