Tag Archives: TDS

Correction in TDS Challan

Posted on December 7, 2011 by Mukesh Goel

 Correction in TDS Challan  NSDL receives tax collection data as uploaded by the bank. NSDL is not authorized to carry out any changes in the data sent by the bank to TIN. The fields that can be corrected by the … Continue reading →

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Issuance of TDS Certificates in Form No. 16A downloaded from TIN

Posted on May 30, 2011 by Mukesh Goel

As per CBDT circular no. 03/2011 dated May 13, 2011, TDSCertificates in Form No. 16A will be generated from Tax Information Network (TIN).It is mandatory for Companies and Banks to issue Form 16A from TIN to their deductees for deductions … Continue reading →

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Clarification regarding processing of ITR-1 and ITR-2 returns

Posted on December 14, 2010 by Mukesh Goel

Section 143 of the Income-tax Act, 1961 – Assessment – General – Clarification regarding processing of ITR-1 and ITR-2 returns – Credit for tax deducted at source for A.Y. 2009-10 INSTRUCTION NO. 9/2010 [F. NO. 225/25/2010/IT (A-II)], DATED 9-12-2010 1. … Continue reading →

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FORM 15CA & 15CB (REMITTANCES TO NON-RESIDENTS UNDER SECTION 195 OF THE INCOME-TAX ACT)

Posted on September 29, 2010 by Mukesh Goel

Section 195 of the Income-tax Act, 1961 mandates deduction of income-tax from payments made or credit given to non-residents at the rates in force. The person making the remittance to a non-resident needs to furnish an undertaking (in Form 15CA) … Continue reading →

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Income Tax refund without matching TDS upto 3 lakh -Fy 2009-10

Posted on July 23, 2010 by Mukesh Goel

As per new rule of Income tax ,Tds claimed in the income tax return must be matched with data uploaded by the Deductor and data posted in form 26AS(Pan ledger) .Due to these instruction ,many refund orders are pending without … Continue reading →

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CBDT AMENDS RULES RELATING TO TDS

Posted on June 3, 2010 by Mukesh Goel

The Central Board of Direct Taxes (CBDT) have amended the Rules relating to TDS provisions date and mode of payment of tax deducted at source (TDS), TDS certificate and filing of ‘statement of TDS’ (TDS return) vide Notification No.41/2010; SO … Continue reading →

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New TDS Rules

Posted on February 21, 2010 by Mukesh Goel

NEW TDS RULES NOTIFIED Income-tax (First Amendment) Rules, 2010 Notification No. 9/2010/F.No. 142/27/2009-SO(TPL), dated 17-2-2010 In exercise of the powers conferred by section 295 of the Income-tax Act, 1961     (43 of 1961), the Central Board of Direct Taxes hereby makes the … Continue reading →

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TDS on Salary during the year 2009-2010 circular

Posted on January 16, 2010 by Mukesh Goel

DEDUCTION OF TAX AT SOURCE —INCOME–TAX DEDUCTION FROM SALARIES UNDER SECTION 192 OF THE INCOME–TAX ACT, 1961 DURING THE FINANCIAL YEAR 2009-2010 CIRCULAR NO.1/2010 F.No.275/192/2009IT(B)] NEW DELHI, dated the 11th January,2010 GOVERNMENT OF INDIA  MINISTRY OF FINANCE  DEPARTMENT OF REVENUE  CENTRAL BOARD OF … Continue reading →

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CBDT Notification on TDS on perquisites

Posted on December 22, 2009 by Mukesh Goel

Notification No. 94/2009 Dated 18-12-2009 In exercise of the powers conferred by section 295 read with sub-section (2) of section 17 of theIncome-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules, 1962, … Continue reading →

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