tdsfilingpulkit

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So far tdsfilingpulkit has created 12 blog entries.
28 02, 2017

TDS on Salary

Tax Deduction at Source (TDS) or TDS on Salary is mandatory for the  employers in India who pay salaries to their employees on which income tax is applicable. For any income which is chargeable under the “Salaries” classification, the employer is required to deduct the applicable income-tax on the estimated income of the employee and then  deposit the same with [...]

28 02, 2017

TDS on Payment to Contractors

As per the provisions of the Income Tax Act, 1961 any person (who is either being a contractor and not being an individual or a Hindu Undivided Family), Is responsible for paying any sum to any resident in accordance with a contract with the sub-contractor for carrying out, or for the supply of labour for [...]

28 02, 2017

TDS on sale or purchase of immovable property

The Indian Finance Minster while he had announced the Budget 2013-14 had introduced TDS on Property @1% on all the immovable property transactions which  are over Rs.50 Lakhs under Section 194IA . He had done this with a view of improving the reporting of such transactions and the taxation of capital gains since these kind [...]

13 02, 2017

What is the penalty for late filing of TDS return?

TDS return is always required to be filed by the assesse who has deducted the TDS . These are required to be filed after specified intervals and the details are to be furnished in these returns which includes field like TAN No , TDS Payment , amount deducted, type payment , PAN No etc . [...]

11 02, 2017

Procedure for payment of TDS

The first question that arises is what exactly is TDS? Well it is basically a quarterly statement which has to be submitted by the income tax department. It has to be filed necessarily if you are a deductor. A TDS return includes the PAN details and could be filed through TDS forms. There are various [...]

10 02, 2017

What is the due date of filing TDS return?

TDS return is always required to be filed by the assesse who has deducted the TDS . Its name implies that the  revenue which is  collected  at the  various income sources . These are thus required to be filed after specified intervals and the details are to be furnished in these returns which includes field [...]

9 02, 2017

What is the process of filing E-TDS Return?

Tax Deduction at Source (TDS) is a means that of assembling taxation in India, beneath the Indian Taxation Act of 1961. Any payment coated beneath these provisions shall be paid when deducting the  prescribed proportion. It is  managed by the Central Board for Direct Taxes (CBDT) and is an element of the Department of Revenue [...]

10 12, 2016

What is TDS form 26Q for Non Salary Deductions?

TDS refers to the Deduction of tax at source. With a view of to reducing the cases of tax evasion, this act was made in which provision to deduct tax on certain income at the time when the income earner receives them. These are generally those incomes which can be ascertained and computed at the [...]

10 12, 2016

What is TDS form 24Q for salary deduction?

TDS refers to the process of  Deduction of tax at source. With a view of  reducing the cases of tax evasion, this act was however made in which the provision is  to deduct the  tax on certain income at the time when the income earner receives them. These are generally those incomes which can be [...]

10 12, 2016

How to file tax returns on stock trading earnings?

For a salaried person who trades in stocks, filing an  income tax return can be a tricky job. Income Tax Return is a proof that the person has paid his  income tax. It contains the details about his  annual income and the amount of tax which he has  paid. Every year, Indian citizens who thus [...]