WebSep 16, 2024 · What is a TDS return? TDS return is a quarterly statement submitted by the deductor to the income tax department. The return shows a summary of all the tax deducted by the deductor along with the PAN of the deductee and the payments made to them under the respective section. Below is a table summarizing the various TDS return filing dates: WebApr 11, 2024 · It was held that on true interpretation of Sec 271C, there shall not be any penalty leviable u/s 271C on mere delay in remittance of the TDS after deducting the …
DOR tax forms and instructions Mass.gov
WebStatus of Investor INCOME TAX RATE TDS INCOME TAX RATE TDS (A) Resident Individual / HUF Section 111A: 15%$ NIL Section 112A: 10%3 $ NIL ... As per provisions of Section 196A, TDS is applicable on any income in respect of units of a Mutual Fund at lower of 20% or rate of income-tax provided in the relevant DTAA (read with CBDT Circular no. 3/ ... WebTDS return. As per section 201(1A), interest for delay in payment of TDS should be paid before filing the TDS return. ... If such payment is made without Income-tax challan. Interest for failure to collect tax at source/delay in payment of TCS As per section 206C(7), if the person responsible for collecting tax does not collect the ... east yorkshire public rights of way
TDS, TCS on Goods – Section 194Q, 206C(1H), 206AB & 206CCA
WebDue date for issue of TDS Certificate for tax deducted under section 194M in the month of February, 2024 14 April 2024 - Due date for issue of TDS Certificate for tax deducted under section 194S in the month of February, 2024 Note: Applicable in case of specified person as mentioned under section 194S 15 April 2024 - WebIn this case, the tax will be deducted at 2% instead of 1% and hence deducted excess TDS by Rs. 200/-. This excess TDS of Rs. 200 will arise as a refund in the income tax return, … WebJun 2, 2024 · Introduction to TDS Per the Income tax Act, 1961, income tax is deducted at the source by the receiver of the service at the time of advance payment or accounting of credit, whichever occurs first. The person who makes the payment must deduct the tax amount and pay only the net balance to the provider of the service. east yorkshire old photos