WebThe concept of TDS was introduced with an aim to collect tax from the very source of income. As per this concept, a person (deductor) who is liable to make payment of specified nature to any other person (deductee) shall deduct tax at source and remit the same into … The Income Tax Department NEVER asks for your PIN numbers, passwords or … The Income Tax Department NEVER asks for your PIN numbers, passwords or … 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 …
Home Income Tax Department
WebApr 11, 2024 · Section 192 of the Income Tax Act, 1961 is applicable to all employers who are responsible for deducting tax at source from the salaries of their employees. This section applies to all types of employees, including full-time, part-time, and contractual employees, as long as they are earning a salary. WebApr 11, 2024 · Section 276B which talks about “fails to pay,” the words which are missing in Sec 271C . 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 same by the concerned assessee. irmc weight loss
TDS Full Form - Tax Deducted at Source - BYJU
WebApr 13, 2024 · 30% for residents, 40% for non-. residents, 25% for individuals & HUF. 30% for residents, 40% for non-. residents, 25% for individuals & HUF. 194LC. Income by way of interest by an Indian specified company to a non- resident/foreign company on foreign currency approved loan/long-term. infrastructure bond ‘from outside India. WebTo express gratitude towards committed taxpayers, the Income Tax Department has started a unique appreciation initiative. It recognizes taxpayers’ commitment by awarding … WebMay 14, 2024 · Section of the Income Tax Act: Nature of Payment: Existing Rate of TDS. from 01/04/2024 to 13/05/2024. Reduced rate from 14/05/2024. to 31/03/2024. 1: 193: ... irmc visiting hours