TDS form

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 sale or purchase of immovable property

The Indian Finance Minister while he had announced the Budget 2013-14 had introduced TDS Return 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 this kind of transactions [...]