We are sharing with you Income Tax circular and Income Tax notification right from beginning of Income Tax act ,1961.Just Search here and get your Income Tax notification /Income Tax circular downloaded in your computer in PDF format .This facility is provided by the Income Tax department itself and we are Just the Medium to shares this with you .
By default search option for Income Tax notification /Income tax circular is given ,you can search any text.To get better result give Short and specific text.Like, if you want search specific section related circular /Notification then type "section 194C" without quotes and all related circulars will be shown .
Further If you know the Circular Number/Income Tax notification number then ,Just click the Notification /Circular link ,and search Notification number/circular number or year or search specific date range and read it online or download in pdf format
VISIT THIS LINK TO TO CHECK INCOME TAX NOTIFICATION /CIRCULAR
Thanks for nice and unique posting
ReplyDeleteIt is fantastic and upto the digital era!.
ReplyDeleteDear Sir,
ReplyDeletePlease let me know the TDS to be collected from the vendors based on the date of Bill or date payment to the vendors
kindly pass the details for our day to day works
Penchalaiah
Dy.Manager (M-Audit)
When tax is to be deducted
Delete(1)At the time of credit or payment, whichever is earlier
193- Interest on securities
194A- Interest Other than “Interest on securities”
194C- Payment to contractors / sub contractors
194D – Insurance commission
194H – Commission or Brokerage
194G- Commission on sale of lottery tickets
194I- Rent
194J- Professional or technical fees
(2)Before making payment or distribution
194- Dividend
(3)At the time of payment
192- Salaries
194B- Winning from lotteries / crossword puzzles
194BB Winnings from horse races
194EE – Payment from National Saving Scheme
194F Payment for repurchase of units by UTI / mutual funds
194LA: Payment of compensation on acquisition of certain immovable property
Read more: http://www.simpletaxindia.net/2013/04/non-deduction-late-deposit-of-tds.html#ixzz2QVj38rTS
So it is not based on Invoice date of The vendor ,It is based on two events
Delete(1) Credit to vendor given in books of accounts
(2) payment to vendor
TDS is to be deducted on above two event ,on whichever is earlier basis .
Thanks SIMPLE TAX INDIA for providing nice useful information.
ReplyDelete