TDS on payment to resident contractors or professionals under Section 194M Introduction In the Finance Bill, 2019, a new Section 194M was introduced to allow individuals or HUFs to deduct taxes on the services they acquire from resident contractors or […]

How to Save Penalties on Late TDS Revised Return Filing? Introduction Tax Deducted at Source (TDS) is a system where taxes are deducted at the time of making certain payments, such as salaries, rent, or professional fees. Deductors must submit […]

“What is TDS Return?”, “How to check TDS Return Status Via PAN Card?” And importance of filing TDS Return Introduction A quarterly return known as a TDS return filing is required to be submitted to the Income Tax department. The […]

TDS return for securities transaction tax Introduction Securities Transaction Tax (STT) is a tax levied by the Indian government on all transactions executed on recognized stock exchanges in India. The tax is imposed on the purchase and sale of securities […]

Financial Year 2023-24- TDS Rate Chart (AY 2024-25) Tax Deduction at Source (TDS) is a crucial compliance requirement for Income Tax Assessees. The Income Tax Law contains several sections that specify varying TDS rates, payment types, and threshold limits for […]

All you need to know about Filing Revised TDS Return Introduction It’s important that you carefully go through your TDS statement when you receive it. You have the flexibility to submit the document for revision if there are any mistakes […]

Statutory Due Dates and Compliance Calendar for the month of September, 2022 When it comes to compliance in a business, irrespective of its structures, all the businesses require to adhere to it. It is crucial for business owners to keep […]

TDS Challan Correction Procedure and Mistakes that can be done by TDS Deductor Introduction When submitting TDS through challan, the deductor must supply information such as his or her PAN/TAN, the relevant assessment year, the applicable major and minor head […]

A complete guide on Section 194J of Income Tax Act: TDS on Professional Fees, TDS on Technical Services and Penalty for not deducting TDS (Tax Deducted at Source) Introduction The requirements for Tax Deducted at Source (TDS) on payments made […]