Category: TDS
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TDS Rates for FY 2018-19 & 2019-20 (AY 2019-20 & 2020-21)
An amount of TDS or Tax Deduction at source is deducted for various incomes under the Income Tax Act 1961. But, do you know the rates at which such deduction is required to be made? Is it required to be done at one single rate or different rates?? The rates are prescribed in the law […]
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Make TDS (Tax Deduction at Source) Payment Online| NSDL
The assessee is required to pay the taxes on his income. Tax is collected by two modes: 1) Deduction or collection of tax at source (TDS / TCS) 2) Direct payment by assessee i.e. Advance tax/ self- assessment tax. In this blog, we will take an in-depth understanding on how to make TDS payment. TDS […]
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View your challan status on TRACES
Being a private company or a government deductor you would always be required to import and match your TDS challan details at the time of filing of quarterly TDS or TCS returns. You can do the same by making TRACES login to your account. After making the login follow this process Click on Statements or […]
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How to login on TRACES (TDS) website
How Deductor can login on TRACES? A deductor needs to log in his account on TRACES to perform a number of activities like Downloading Form 16 / 16A of the taxpayer, Generating conso file Manage account on TRACES View PAN master Validate certificates Check TDS refund Check Challan status Online and offline corrections etc For […]
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What is Section 194D & Section 194DA under Income Tax Act?
In this part of our TDS series, we’ll further simplify 2 more important tax deduction provisions which are as follows: TDS on Insurance Commission: Section 194D TDS on Payment of Life Insurance Policy: Section 194DA Section 194D: TDS on Insurance Commission This provision of tax deduction mostly hits people who work as insurance agents for […]
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What is Section 193 under Income Tax Act?
In this part of our TDS series, we will discuss the concept of Section 193 of the tax deduction, that is: TDS on Interest on Securities: Section 193 So let’s roll & understand this TDS concept in a simplified manner. Section 193: TDS on Interest on Securities The first thing which comes to everyone’s mind is […]