Actual TDS and TDS credit as per Form 26AS ?

 Every person deducting tax at source has to furnish the details of tax deducted by him to the Income-tax Department. The details will cover the name of the deductee, Permanent Account Number of the deductee, amount of tax deducted, amount paid to the deductee, date of payment of TDS to the credit of Government, etc. … Read more

List of Unconsumed TDS Challans

As a deductor, deductor  should know the list of unconsumed challans available at Traces.  There may be lot of reasons for these challans.   These challans contains two type of Data either the full amount of the challan  is not used in TDS / TCS return or Part amount of the challan is used in … Read more

Latest / New RPU 4.3 with FVU Version 4.6 or 2.142

Key Features – Return Preparation Utility (RPU) version 4.3    Quoting of PAN of responsible person for deducting/ collecting tax.    Quoting of AIN mandatory only if the TDS/TCS has been deposited by book entry i.e., through transfer voucher.    Quoting of BIN mandatory only for the statements pertaining to FY 2013-14 onwards.    Update … Read more

Nine Main Changes related to TDS TCS in 2015-2016 Budget

Given below are the list of changes applicable from 1st June, 2015 for TDS and TCS amendments: 1. Requirement for obtaining evidence/ particulars by employer for TDS–Section 1922. TDS from premature withdrawal from Employees’ Provident Fund Scheme (EPFS) – Sections 192A and 197A3. TDS from interest (other than interest on securities)–Section 194A4. TDS from payments … Read more

Download Excel Calculator Withholding TaxRate – Foreign Policy

Automatic Calculates the applicable TDS Rate in case of foreign payments towards fees for technical services. Applicable wrt union Budget,2015 Issues still to be Addressed: Interest payment from IndiaThough we have discussed so far India Income tax provisions, DTAA provisions and relevant case laws. Let us see the areas where there is no clarity as … Read more