Processing of statements of tax collected at source [Section 206CB] : (i) Enabling provision has been introduced for processing of TCS statements in the like manner provided in section 200A for processing […]
All posts by Varun Gupta - 3. page
Professional Tax Consultant and Article Writer
Tax collection at source [Section 206C] – Income Tax
Tax collection at source [Section 206C] : Under section 206C(1), sellers of certain goods are required to collect tax from the buyers at the specified rates. The specified percentage for collection […]
Mandatory requirement of furnishing PAN in all TDS statements, bills, vouchers and correspondence between deductor and deductee [Section 206AA] – Income Tax
Mandatory requirement of furnishing PAN in all TDS statements, bills, vouchers and correspondence between deductor and deductee [Section 206AA] : (1) The non-quoting of PAN by deductees in many cases have […]
Furnishing of statements in respect of payment of interest to residents without deduction of tax [Section 206A] – Income Tax
Furnishing of statements in respect of payment of interest to residents without deduction of tax [Section 206A] : (1) This section casts responsibility on every banking company or co-operative society or public […]
Bar against direct demand on assessee [Section 205] – Income Tax
Bar against direct demand on assessee [Section 205] : Where tax is deductible at source under any of the aforesaid sections, the assessee shall not be called upon to pay the […]
Person responsible for paying taxes deducted at source [Section 204] – Income Tax
Person responsible for paying taxes deducted at source [Section 204] : For purposes of deduction of tax at source the expression “person responsible for paying” means: Nature of income/payment […]
Furnishing of statement of tax deducted [Section 203AA] under Miscellaneous Provisions – Income tax
Furnishing of statement of tax deducted [Section 203AA] under Miscellaneous Provisions : (1) This section provides for furnishing of a statement of the tax deducted on or after 1st April, 2008 by the prescribed […]
Common number for TDS and TCS [Section 203A] under Miscellaneous Provisions – Income tax
Common number for TDS and TCS [Section 203A] under Miscellaneous Provisions : (1) Persons responsible for deducting tax or collecting tax at source should apply to the Assessing Officer for the allotment of a […]
Certificate for tax deducted [Section 203] under Miscellaneous Provisions – Income tax
Certificate for tax deducted [Section 203] under Miscellaneous Provisions : (1) Every person deducting tax at source shall issue a certificate to the effect that tax has been deducted and specify the amount […]
Deduction only one mode of recovery [Section 202] under Miscellaneous Provisions – Income Tax
Deduction only one mode of recovery [Section 202] under Miscellaneous Provisions : (1) Recovery of tax through deduction at source is only one method of recovery. (2) The Assessing Officer can use any […]