Blog categorized as TCS & TDS

TCS will be levied on foreign remittances made through the Liberalised Remittance Scheme (LRS) of the Reserve Bank of India (RBI) and for buying foreign travel packages.

Income Tax Department is bringing in newer ways to make online return filing easier for a Taxpayer. Now, Taxpayers can digitally sign their returns through DSC (Digital Signature Certificate).

To reduce the hardships faced by the taxpayers, the govt has inserted Section 197 which states that in case the total tax liability at the end of the person whose TDS is being deducted is less than the amount of TDS that is being deducted, he may file an application........

In this post, we will be discussing the errors faced by the taxpayers while filing TDS returns. We have provided description for these errors so that you can go back and correct your file accordingly.

Due Date for TDS Payment & Filing

How to make online tds payment - TDS or Tax Deduction at Source is a system whereby the income tax is deducted at the time of making some payments like rent, interest, commission etc. The person making such specified payments is responsible for deducting the TDS and paying the balance amount

TDS Rate Chart for FY 2019-20 Onwards TDS stands for Tax Deducted at Source. The following tables list the various TDS rates applicable to resident and non-resident Indians as well as domestic and international companies in India