Table of Contents
·
(1) [Rule
31A(1)]- Forms of Filing Quarterly Statement
o
Correction
statement [Proviso to section 200(3)]:
·
(2) [Rule
31A(2)]- Due dale of Filing Quarterly Statement other than in Form 26QB or 26QC
·
(3) [Rule
31A(3)(i)]- Manner of Filing Quarterly Statement
·
(5) [Rule
31(3)(iii)]- E-Filing of statement by persons other than referred to in rule
31A(3)(ii)
·
(6) [Rule 31A(4)]- Procedure for
Filing Return
·
(7) [Section
234E]- Fee for defaults in furnishing TDS statements
o
Late Fee of Rs. 200 per day:
o
Late fee to be
paid before filing statement of TDS / TCS:
o
Late fee
applicable to tax deducted / collected on or after 1.7.2012:
·
(8) Procedure of
making a Claim of Refund by the deductor.
Related Posts:
·
[Section
234B(1)]- Interest payable for defaults in payment of Advance Tax The
assessee is liable to pay interest in the following cases: (1)
advance tax has not been paid by…
·
[Section 133A] -
‘Survey’ under Income Tax Act. ‘Survey’ contemplates a
comprehensive and extensive view of the business or charitable activities of an
assessee, subject to the limitations…
·
[Section 195]-
TDS on Payment to a Non-Resident 1. TDS on income
of Non-Resident: Any person responsible for paying to a non-resident, not being
a company, or to…
·
[Section
206C(3B)]- Correction Statement of TCS for rectification of mistake As
per Section 206C (3B), the person collecting the TCS referred to in proviso to
section 206C(3) may also deliver…
·
Income Tax Rates
for Assessment Year 2021-22 1. In case of
Individual (A) For an individual (man or woman), resident in India who is of
the age…
·
Deduction Under
Section 80A to 80U (Chapter VIA) from Gross Total Income The
aggregate of income computed under each head, after giving effect to the
provisions for clubbing of income and set…
·
Time and Mode of
Payment of TDS to Government Account (A) Time of TDS Payment
(i) Tax Deducted by an office of the Government: (a) on
the same day where…
·
Taxation In
Companies - Company Taxation 1. [Section 6(3)]-
Definitions & Types of Companies with Residential Status (1).
Definition and Types of Companies 1. Company: As…
·
Value of Taxable
Supply of Goods or Services under Chapter IV of CGST Rules (Rules 27 to 35) Basis
of charge of GST is given by section 9. As per section 9, GST shall be levied
on the…
·
Advance Payment
of Tax [Section 207-211, 218, & 219] Advance payment of tax
is another method of collection of tax by the Central Government in the form of
pre-paid…
·
[Sections 115R
to 115T]- Special Provisions relating to Tax on Distributed Income to Unit
Holders 1. [Section 115R (2)]- Tax on Income Distributed
to Unit Holders by the Specified Company or a Mutual Fund :…
·
‘Perquisites’ as
per Section 17(2) of the Income Tax Act, 1961. - for computing Salary Income Section
17(2) of the Income-tax Act, 1961 gives an inclusive definition of
'perquisite'. As per this section 'perquisite' includes: (i)…
·
[Section 132]-
Search and Seizure – Under Income Tax Act. 1. Authority
who can issue Order for Search and Seizure U/s 132: Search and seizure can be
authorised by— (a)…
·
Tax Invoice ,
Credit and Debit Notes under Section 31, 33, 34 of CGST / SGST Act, 2017 GST
Acts give immense importance to invoice and named it as tax invoice because it
is one of the most…
·
Interest Payable
By / To Assessee under Income Tax Act 1. [Section
234A]- Interest Payable by the Assessee for default in furnishing Return of
Income U/s 139(1) The assessee…
·
[Section
115JB(1)]- Provisions of MAT (Minimum Alternate Tax) for payment of Tax by
Certain… 1. Tax Payable for any Assessment Year
Cannot be Less than 18.5% of Book Profit: Where in the case of…
·
Assessment of
Limited Liability Partnership (LLP) 1. Taxation of Limited Liability
Partnership (LLP) The Limited Liability Partnership Act, 2008 has come into
effect in 2009. Taxation…
·
Income Tax
Assessment Procedure in details 1. Self-Assessment
[Section 140A] before Submitting Return of Income Every person, before
submitting a return of income under: (i)
…
·
Set Off or Carry
Forward and Set Off Of Losses under Income Tax Act Income-tax
is a composite tax on the total income of a person earned during a period of
one previous year. …
·
Appeals &
Revisions under Income Tax Act. 1. First Appeal
Filed by the Assessee The first appeal against the order of Assessing Officer
shall lie to the…