Clarifications Regarding Extension of Time Limits for Submission of certain TDS / TCS Statements
Clarifications Regarding Extension of Time Limits for Submission of certain TDS / TCS Statements by Circular No. 9 of 2023
Form 26QAA – Return of Non-Deduction of TDS by Banking Company from Interest on Time Deposit
The quarterly return to be furnished by a banking company in respect of time deposits should be in Form 26QAA.
Tax Deducted at Source- TDS
The concept of Tax Deducted at Source- TDS was introduced with an aim to collect tax from the very source of income
All About Section 194BA – TDS Deduction on Winnings from Online Games
Section 194BA has been introduced after Section 194B under the Income Tax Act 1961 to tax winnings from online games.
Goods and Services Tax Return-7 (GSTR-7)
GSTR-7 is return filed by the taxpayers liable to deduct tax at source under GST.
TDS is to be deducted @ of 1% each for CGST and SGST from the payment made or credited to the supplier(deductee) of taxable goods or services or both, where the total value of such supply, under a contract, exceeds two lakh and fifty thousand rupees. In case of IGST, TDS is to be deducted @ 2%.