Unknown March 11, at PM. Anonymous June 11, at PM. Journal Entries Examples. Journal Entries of VAT. Journal Entries of TDS. How to Introduce Yourself in an Accounting Interview. How to Pass Journal Entries for Purchases. Journal Entries of Loan. Most Difficult Journal Entries. Journal Entries of Sales. Accounting for Hire Purchase. Latest from Svtuition. Note : Out of Rs. You can create an accounting voucher for advance payments made directly or by a third-party, along with the applicable TDS.
On , Swayam Sales paid an Advance of Rs. You can record a payment transaction with inclusion of the necessary TDS to be paid to the government.
The payment voucher will be automatically filled with the relevant values. The Statutory Payment Details screen appears as shown below:. The Payment invoice appears as shown below automatically:. Buy Now. About Privacy Policy Tally. HOME Tally. ERP 9 Book Tally. ERP 9 1. Enabling TDS in Tally. Paid only on books of the bank.
We know till now that int. I want to know about interest on borrowing capital for housing, whether company can give deduction of interest on housing loan, which is let out from salary. Money credited in the account or in the name of 1st account holder any credit in the account is treated as 1st name holder. Declaration given by individual for submitting 15G require presence for verification or if he is NRI or living abroad.
Whether TDS to be deducted by the unit holder while reimbursing to the builder? Whether Service tax is applicable when reimbursement is made to the builder for maintenance charges?
Please quote the section no. Bank has deducted and deposited excess tax to the income tax department in financial year fourth quarter 31st March , can deductor claim for refund before the income tax department.
TDS is applicable or not? My question is specially Repair and maintance charges including ground rent maintaince charges Rs. I am working with pharma company, whether we have to pay excise duty on RM samples , which is for Quality control samples , for example kgs received 10gm using for testing. I am drawing Rs. Company is deduction Rs. Though I am not eligible to pay TDS as per my salary slab, one of my colleague suggested that this amount can be reimbursed from Income Tax.
So please help how to get reimburse this amount. I want clarification regarding TDS on interest income. This is just a Source of Deduction from payment, and the payee will get the credit for the Income Tax Deducted at Source while computing his income for Income Tax purposes. My wife would like to start investment in stock market. Initial Money will be borrowed on interest [from. Would like to get clarification on section 54 F My client has sold long term capital asset. He is going to invest consideration in residential house and avail 54F.
But, new house will be jointly in name of him and his brother. Shares will be separately mentioned in sale deed. Consideration will be paid by them separately as per their share. Whether he can get benefit of 54F? Your email address will not be published. Post Comment. Notice: It seems you have Javascript disabled in your Browser. In order to submit a comment to this post, please write this code along with your comment: 1adf2bfbb5bc1da0cc2. User Menu. Income Tax Articles Featured.
The threshold limit for deduction of tax at source under various sections is as follows: S. Particulars Section Threshold limit 1. No deduction of tax at source from salaries If net taxable income is less than the maximum amount which is not chargeable to tax i. No TDS from payment of accumulated balance of provident fund account due to an employee A If taxable premature withdrawal amount is less than Rs.
No TDS from interest paid on debentures issued by a company in which public are substantially interested. Provided interest is paid by account payee cheque to resident individual or HUF If amount of interest paid during the financial year does not exceed Rs. Y to resident persons If amount of interest paid or likely to be paid during the financial year does not exceed Rs. No TDS from interest on 6. No TDS from dividend paid by Indian company by an account payee cheque to individual If aggregate amount of dividend paid or credited during the financial year does not exceed Rs.
No TDS from interest other than on securities if payer is any other person other than post office or banking company or co-operative society engaged on the banking. However, w.
He shall deduct the tax at source at the applicable rate. He shall file the periodic TDS statements, i. Tax is required to be deducted at higher rates in respect of every sum or income or amount from which tax is deductible under any provision of Chapter XVII-B except the sum or income or amount on which tax is deductible under any of the following provisions: Q. At the rate or rates in force, i. Where deductee being a non-resident or a foreign company, shall in respect of payments in the nature of interest, royalty, fees for technical services and payments on transfer of any capital asset, furnish the following details and documents to the deductor, namely:— i.
In case the payment exceeds Rs. In case the payment other than the payment referred in sub-rule 3 of Rule 37BB which is not chargeable to tax under the provisions of Income tax Act,, such information is required to be furnished in Part D of Form No.
Purpose code as per RBI Nature of payment 1 S Indian investment abroad — in equity capital shares 2 S Indian investment abroad — in debt securities 3 S Indian investment abroad — in branches and wholly owned subsidiaries 4 S Indian investment abroad — in subsidiaries and associates 5 S Indian investment abroad — in real estate 6 S Loans extended to Non-Residents 7 S Advance payment against imports 8 S Payment towards imports — settlement of invoice 9 S Imports by diplomatic missions 10 S Intermediary trade 11 S Imports below Rs.
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Disallowing finance charges, which were allowed in earlier years, needs re-consideration — Matter remanded back to AO. Tax Audit Series-2 — Business Vs. Whether depreciation on acquired goodwill allowable under Income Tax Act, October 13, at am. Reshmi says:. September 15, at pm. June 16, at pm. Naman says:. June 10, at pm.
S Govindaswamy says:. June 5, at pm. Jagadish padmanabhan says:. January 7, at pm. Nitin anand says:. November 17, at pm. Vijay Raturi says:. September 16, at pm. Saahil says:. August 20, at am. July 31, at pm. July 25, at pm. June 25, at pm. Ravi Patel says:. June 24, at am. Hiten Nagda says:. June 3, at pm. B P Gupta says:. May 26, at pm. Himani Raheja says:. May 16, at am.
Minal Mehta Shah says:. May 13, at pm. March 29, at pm. March 29, at am. Divya says:. March 1, at pm. Kailash Kumar Rana says:. January 30, at am. Yogesh Khandelwal says:. November 12, at pm. July 7, at pm. Tejas Panchal says:. May 8, at pm.
Suchitra Sengupta says:. January 19, at pm. N Chandrashekhar says:. November 10, at pm. Neel says:. October 13, at pm. Abubaker A says:. October 12, at pm. Murali Mohan Raju says:. Very good and comprehensive article of all the key issues. Thanks for sharing. October 12, at am. Kantilal says:. July 5, at pm.
June 6, at pm. April 26, at pm. Ramnathan says:. January 3, at am. Hardik Panchal says:. December 9, at pm. December 3, at am. November 30, at pm. Anil Grover says:. M K Singla says:.
November 30, at am. Mohammad Ahmad says:. November 22, at am. May 2, at pm. Meet Pandya says:. March 3, at pm. December 20, at am. November 27, at am. September 26, at am. Jyothsna says:. August 28, at pm. Sharath says:.
August 8, at pm. Abhinandan Jain says:. July 17, at am. July 14, at am. Jim George says:. July 13, at am. July 12, at pm. Renuka says:. Please guide! Pune Office says:. July 9, at pm. Nishant says:. June 17, at am. Hema Gurbani says:. June 9, at pm. Rakesh says:. April 5, at am.
Harshvardhan vaidya says:. March 21, at pm. March 12, at pm. They explained me that no interest on NRE Premature withdrawal. Please let me know if bank is Right. January 10, at pm. Only insurance companies are exempted from tds. January 9, at pm. January 4, at pm. December 29, at pm. Jitendra says:. December 26, at pm. December 26, at am. Dahale S S says:.
December 22, at am. December 18, at am. Dinesh P says:. December 11, at pm. Mahendra Patil says:. Somil K Chheda says:. I have got my clients TDS No. December 4, at pm. Shiwali says:. December 3, at pm. T is not income for u. November 15, at pm. MANOJ says:. October 10, at am. Santosh says:.
October 5, at pm. October 2, at am. September 28, at am. Balasubramanian says:. July 11, at pm. Akshay says:. June 11, at pm. Sravanalakshmi says:.
May 15, at pm. Pankaj Patel says:. April 25, at pm. Rohit Chona says:. April 24, at pm. Hello, I am working as a consultant and i get professional fee every month.
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