TDS
By admin at 20 June, 2010, 11:07 am
TDS RATES 10-11 TDS RATE CHART 10-11 TCS RATE CHART INCOME TAX RATES SIMPLE TAX INDIA-TDS RATE INCOME TAX RETURN ITR 1-8. [...]
number of view: 306
Read More >>
By admin at 26 September, 2009, 11:49 am
THE Karnataka High Court has ruled that technology firms are subject to withholding taxdeduction of tax at sourceon purchase of software from global vendors such as Microsoft. This would push technology firms and branded software distributors into a corner as they will be required to withhold 10-20 % of their software purchase payments in the future. The division bench of Justice DV Shylendra Kumar and Justice Arvi [...]
number of view: 1121
Read More >>
By admin at 22 September, 2009, 9:42 pm
Few days earlier some changes has been done in data of e TDS return .Now to validate new data changes Tin-Nsdl has released its new FVU(File validation utility) version 2.128 which required for e-TDS return furnished from 01.10.2008 .The new FVU can be downloaded from the link Given below
Extraction of e-TDS/TCS FVU:
To extract these files, double-click on 'e-TDS FVU.exe'.
A 'WinZip Self-Extractor - e-TDS [...]
number of view: 1914
Read More >>
By admin at 21 September, 2009, 3:20 pm
Tax deducted at source (TDS) collections in Mumbai for the April-September period have crossed last year’s figure with income-tax collections showing an 8% increase, according to figures available till last week. Income-tax officials said if the economic recovery continues for the remaining part of the current fiscal year, TDS collections as well as regular tax collections could end up on a higher note. Mumbai’ [...]
number of view: 525
Read More >>
By admin at 17 September, 2009, 12:57 am
Major Changes has been made in TDS rates for Financial Year 2009-10.
1.No surcharge or cess is required to be added in basic tds rates in case of resident and domestic company .(detailed chart is given below)
2.TDS provisions of section 194C has be revised ,earlier rates are on the basis of nature of contract,ow it has been changed to nature of person(deductee).
3.Tds rates as per Section 194A and 194I has been [...]
number of view: 5220
Read More >>
By admin at 16 September, 2009, 11:46 pm
Data structure of quarterly e-TDS statements have been modified by the Directorate of Income Tax (Systems).
Key changes in Data Structure
Description
Existing
Modification
PAN of deductor
Not mandatory
Mandatory . If not required then "PANNOTRQD"
Classification of Deductor
Central Govt / Others
16 Classifications e.g. Central Govt / State Govt / Firm / Company etc
Govt Deductor
No su [...]
number of view: 804
Read More >>
By admin at 15 September, 2009, 6:28 pm
Third party administrators (TPAs) processing health insurance claims and making payments to hospitals for treatment of subscribers in cashless systems would soon have to deduct tax at source from the payments they make to hospitals. The apex direct tax body, Central Board of Direct Taxes, is likely to issue a directive to this effect, an income-tax department official told ET. The move would increase working ca [...]
number of view: 257
Read More >>
