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TDS RATE CHART FY 2018-19 AY 2019-20 TDS DEPOSIT-RETURN DUE DATES-INTEREST-PENALTY

Tax Deducted at Source (TDS) is a system introduced by Income Tax Department, where person responsible for making specified payments such...
Tax Deducted at Source (TDS) is a system introduced by Income Tax Department, where person responsible for making specified payments such as salary, commission, professional fees, interest, rent, etc. is liable to deduct a certain percentage of tax before making payment in full to the receiver of the payment. As the name suggests, the concept of TDS is to deduct tax at its source. 


A significant part of Income tax collection comes through TDS ,so Tax machinery is monitoring the TDS collection minutely.

In view of above ,Deduction of Tax at correct rate is very important for deductor and minor mistake in deduction leads to penalty in shape of Interest on late deposit and disallowance of Expenses. We have Compiled Tax deduction rates chart (TDS rate chart) for Financial year 2018-19 Assessment year 2019-20 which may be useful for all the readers.

Kindly give suggestion/queries/errors/amendments in comment section or raniraj1950 at gmail.com , suitable  prizes will be given to  persons who will point out error(s) or sent good suggestions about this post.Copy paste has been disabled .

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1.      TDS RATE CHART FY 2018-19 AY 2019-20

TDS RATE CHART FY 2018-19 AY 2019-20
Section
Nature of Payment
Cut off (Rs.)
Indi/HUF
Others
192
 Salaries
-
Avg rates
NA
192A
Premature withdrawal from EPF
50000
10
NA
193
Interest on securities
10000
10
194
Dividends
2500
10
194A
Interest Banks/Other
10000/5000
10
For Senior citizen(01.04.18)
50000
194B
Winning from Lotteries
10000
30
194BB
Winnings from Horse Race
10000
30
194C
Contractor-Single/Yearly
30K/1LAKh
1
2
194C
Transporter(44AE) Declaration with PAN   
As above
-
-
194D
Insurance Comm(15G-15H allowed)
15000
5%
194DA 
Life insurance policy
100000
1%
194EE 
NSS
2500
10
NA
194G
Commission /Lottery
15000
5
194H
Commission / Brokerage
15000
5
194I 
Rent Land  and  Building  F&F
180000
10
194IB
Rent (by Indvl/HUF)(01.06.17)
50000/Month
5%
NA
194I 
Rent-Plant/Machinery/equipment
180000
2
194IA
Immovable property
50 Lakh
1
194J
Professional/technical Fees
30000
10
194J
Payment to Call Center(01.06.17)
30000
2
194LA
 Immovable Property(compenation)
2.5 LAKH
10
194LA
 Immovable Property-TDS exempted under RFCTLARR Act'(01.04.17)


TDS RATE CHART FY 2018-19 AY 2019-20
Sec
Nature of Payment
Cut off (Rs.)
Indi/HUF
Others
192
 Salaries
-
Avg rates
NA
192A
Premature withdrawal from EPF
50000
10
NA
193
Interest on securities
10000
10
194
Dividends
2500
10
194A
Interest Banks/Other
10000/5000
10
For Senior citizen(01.04.18)
50000
194B
Winning from Lotteries
10000
30
194BB
Winnings from Horse Race
10000
30
194C
Contractor-Single/Yearly
30K/1LAKh
1
2
Transporter(44AE) Declaration with PAN    
As above
-
-
194D
Insurance Comm (15G-15H allowed)
15000
5%
194DA 
Life insurance policy
100000
1%
194EE 
NSS
2500
10
NA
194G
Commission /Lottery
15000
5
194H
Commission / Brokerage
15000
5
194I 
Rent Land  and  Building  F&F
180000
10
194IB
Rent (by Indvl/HUF)(01.06.17)
50000/Month
5%
NA
194I 
Rent-Plant/Machinery/equipment
180000
2
194IA
Immovable property
50 Lakh
1
194J
Professional/technical Fees
30000
10
194J
Payment to Call Center(01.06.17)
30000
2
194LA
 Immovable Property(compenation)
2.5 LAKH
10
194LA
 Immovable Property-TDS exempted under RFCTLARR Act'(01.04.17)


TDS RATE CHART FY 2018-19 AY 2019-20
Nature of Payment Made To
Indivi/ HUF
Other
Section - Description
Cut off (Rs.)
Rate (%)
192 - Salaries
-
Avg rates
NA
192A-Premature withdrawal from EPF
50000
10
NA
193 - Interest on securities
10000
10
194 - Dividends
2500
10
194A - Interest Banks
10000
10
194A - Interest other
5000
10
194A-Interest Senior citizen(01.04.18)
50000
10
194B - Winning from Lotteries
10000
30
194BB - Winnings from Horse Race
10000
30
194C- Contractor - Single Transaction
30000
1
2
194C- Contractor-During the F.Y.
1 LAKH
1
2
194C- Transporter (44AE) declaration with PAN 
-
-
-
194D - Insurance Commission(15G-15H allowed)
15000
5
194DA  Life insurance Policy
100000
1
NA
194E   -Non-Resident Sportsmen or Sports Association
-
20
194EE  -  NSS
2500
10
NA
194F - Repurchase Units by MFs
-
20
194G - Commission - Lottery
15000
5
194H - Commission / Brokerage
15000
5
194I -  Rent Land  and  Building  - F&F
180000
10
194I  Rent Plant/Machinery/equipment
2
194I- Rent by Individual/HUF(01.06.2017)
50000/PM
5
NA
194IA -Transfer of certain immovable property other than agriculture land
50 Lakh
1
194J - Professional Fees
30000
10
194LA - Immovable Property(compensation)
2.5 Lakh
10
194LA - Immovable Property(TDS exempted under RFCTLARR Act'(01.04.2017)


TDS RATE CHART FY 2018-19 AY 2019-20
Nature of Payment Made To
Indivi/ HUF
Other
Section – Description
Cut off (Rs.)
Rate (%)
194LB - Income by way of interest from infrastructure debt fund (non- resident)
-
5
194LB - Income by way of interest from infrastructure debt fund (non- resident)
-
5
Sec  194  LC  -  Income  by  way  of interest by an Indian specified company to a non-resident / foreign company on foreign currency approved loan / long-term infrastructure bonds from outside India (applicable from July 1, 2012)
-
5
194LD - Interest on certain bonds and govt. Securities(from 01-06-2013)
-
5
196B - Income from units
-
10
196C-Income from foreign currency bonds or GDR (including long-term capital gains on transfer of such bonds) (not being dividend)
-
10
196D - Income of FIIs from securities
-
20


Section 192
Nature of Payment
Salary
Deductor
Any person (employer)
Deductee
Any person (employee) individual
TDS rate
As per Slab rate applicable to individual
Threshold Limit
If Tax payable is nil on Salary Income
Time of deduction
At the time of Payment
Other points
Negative Income of House property may be Considered  for TDS calculation


192A
Nature of Payment
Premature withdrawal from EPF
Deductor
EPFO
Deductee
Resident
TDS rate
10%
Threshold Limit
50000 wef  01.06.2016
Time of deduction
At the time of Payment
Other points
TDS is applicable only if withdrawn before 5 year of contribution




Section 193
Nature of Payment
Interest on securities
Deductor
any person
Deductee
Resident
TDS rate
10%
Threshold Limit
Govt securities -10000 Debenture-5000
Time of deduction
credit or payment whichever is earlier
Other points



Section 194
Nature of Payment
Deemed dividend
Deductor
Indian company /company making payment in India
Deductee
Resident
TDS rate
10%
Threshold Limit
2500 to Individuals paid a/c payee cheque
Time of deduction
Distribution or payment whichever is earlier
Other points
No tds on exempted dividend u/s 10(34)


Section 194A
Nature of Payment
Interest other than securities
Deductor
(1)Any person other than Individual /HUF (2) Individual Huf having sales turnover /receipts exceeding the limit provided under section 44AB in immediately preceding year
Deductee
Resident
TDS rate
10%
Threshold Limit
10000(50000 for senior citizen) from banks 5000 from others
Time of deduction
credit or payment whichever is earlier
Other points
Adjustment in deduction increase/decrease can be made same as under section 192(salary)


Section 194B
Nature of Payment
winning from lottery/crossword puzzle etc
Deductor
any person
Deductee
any person
TDS rate
30%
Threshold Limit
10000
Time of deduction
At the time of Payment
Other points
Tax is deductible even for prize in Kind


Section 194BB
Nature of Payment
Winning of Horse race
Deductor
any person
Deductee
any person
TDS rate
30%
Threshold Limit
10000 form 01.06.2016
Time of deduction
At the time of Payment
Other points



Section 194C
Nature of Payment
TDS from payment to contractor sub contractor
Deductor
As per details
Deductee
Resident
TDS rate
if payee is individual/huf:1% other :2%
Threshold Limit
Single :30000 Total FY 100000 wef 01.06.2016
Time of deduction
credit or payment whichever is earlier
Other points
Material value excluded if shown in bill separately


194D
Nature of Payment
Insurance Commission
Deductor
Insurance company
Deductee
Resident
TDS rate
5% wef 01.06.2016
Threshold Limit
15000 from 01.06.2016
Time of deduction
credit or payment which ever is earlier
Other points
Form 15G-15H allowed wef 01.06.2017


Section 194DA
Nature of Payment
Payment of Life insurance not exempted u/s 10(10D)
Deductor
any person
Deductee
Resident
TDS rate
1% wef 01.06.2016
Threshold Limit
100000
Time of deduction
At the time of Payment
Other points
No deduction on payment on death of deductee


Section 194EE
Nature of Payment
payment of National saving scheme(deduction claimed 80CCA)
Deductor
any person
Deductee
Individual or HUF
TDS rate
10% wef 01.06.2016
Threshold Limit
Rs 2500
Time of deduction
At the time of Payment
Other points
No deduction on payment to heirs


194F
Nature of Payment
Units of Mutual Funds/UTI(deduction claimed 80CCB)
Deductor
any person
Deductee
Individual or HUF
TDS rate
20%
Threshold Limit
2500
Time of deduction
At the time of Payment
Other points
no deduction on payment to heirs
Section 194H
Nature of Payment
Commission / Brokerage
Deductor
any person
Deductee
Resident
TDS rate
5 % wef 01.06.2016
Threshold Limit
15000 wef 01.06.2016
Time of deduction
credit or payment which ever is earlier
Section 194G
Nature of Payment
Commission on Lottery
Deductor
any person
Deductee
Resident
TDS rate
5% wef 01.06.2016
Threshold Limit
15000 wef 01.06.2016
Time of deduction
credit or payment whichever is earlier
Other points



Section 194I
Nature of Payment
Payment of Rent
Deductor
Any person other than HUF/Individual

HUF-Individual :sales /gross receipt exceeds one crore/50 lakhs
Deductee
Resident
TDS rate
Plant and Machinery/equipment :2% Land /building/furniture -10%
Threshold Limit
180000
Time of deduction
credit or payment whichever is earlier
Other points
TDS is deductible even if deductor is not owner


Section 194IB(wef 01.06.2017)
Nature of Payment
Payment of Rent
Deductor
Individual or HUF(not covered under audit 44AB)
HUF-Individual :sales /gross receipt less than one crore/50 lakhs
Deductee
Resident
TDS rate
Rent 5 %
Threshold Limit
50000 per month
Time of deduction
Only Once in year -Last month of agreement/Previous year
TDS rate without PAN
As per 206AA but maximum up to last month Rent
Other points
TDS to be deposited under PAN no TAN required


Section 194 IA(effective from 01.06.2013)
Nature of Payment
Payment of immovable property
Deductor
Any person other than HUF/Individual

HUF-Individual :sales /gross receipt exceeds one crore/50 lakhs
Deductor
any person
Deductee
Resident
TDS rate
1%
Threshold Limit
sale consideration up to 50 lakh
Time of deduction
At the time of Payment
Other points
Agriculture land not covered/TAN is not required to be obtained
Section 194J
Nature of Payment
Fees for professional services /Technical services/ royalty  /remuneration or fees or commission payable to director (not covered under 192)
Deductor
Any person other than HUF/Individual

HUF-Individual :sales /gross receipt exceeds one crore/50 lakhs
Deductee
Resident
TDS rate
10% (2% on Call centers wef 01.06.2017)
Threshold Limit
30000(no Limit for Payment to director)
Time of deduction
credit or payment whichever is earlier
Other points
No tds on profession services for personal purpose


Payment of compensation on acquisition of certain immovable property(194LA)
Nature of Payment
Payment of compulsory compensation on acquisition of certain immovable property(other than agriculture land)
Deductor
Any person
Deductee
Resident
TDS rate
10%
Threshold Limit
sale consideration up to Rs 2.50 lakh
Time of deduction
At the time of Payment(cash/cheque/draft or any other mode)
Other points
Any payemnt made under RFCTLARR Act is exempted from TDS

Changes in TDS rates in Finance Budget-2018 


A. Tax deduction at source and manner of payment in respect of certain exempt entities

The third proviso to clause (23C) of section 10 of the Act provides for exemption in respect of income of the entities referred to in sub-clause (iv) or sub-clause (v) or sub-clause (vi) or sub-clause (via) of said clause in a case where such income is applied or accumulated during the previous year for certain purposes in accordance with the relevant provisions. Section 11 of the Act also contains provisions relating to income from property held for charitable or religious purposes.

At present, there are no restrictions on payments made in cash by charitable or religious trusts or institutions. There are also no checks on whether such trusts or institutions follow the provisions of deduction of tax at source under Chapter XVII-B of the Act. This has led to lack of an audit trail for verification of application of income.

In order to encourage a less cash economy and to reduce the generation and circulation of black money, it is inserted a new Explanation to the section 11 to provide that for the purposes of determining the application of income under the provisions of sub-section (1) of the said section, the provisions of sub-clause (ia) of clause (a) of section 40, and of sub-sections (3) and (3A) of section 40A, shall, mutatis mutandis, apply as they apply in computing the income chargeable under the head “Profits and gains of business or profession”.

It is also inserted a similar proviso in clause (23C) of section 10 so as to provide similar restriction as above on the entities exempt under sub-clauses (iv), (v), (vi) or (via) of said clause in respect of application of income.

These amendments is applicable in relation to the assessment year 2019-20 and subsequent years


B)Increase in cutoff of TDS deduction Limit u/s 194A for Senior citizen  in respect of interest income from Banks & other institutions 

At present, a deduction upto Rs 10,000/- is allowed under section 80TTA to an assessee in respect of interest income from savings account. In Finance Act 2018 a new section 80TTB has been inserted so as to allow a deduction upto Rs 50,000/- in respect of interest income from deposits held by senior citizens. However, no deduction under section 80TTA shall be allowed in these cases.

Further as the interest up to Rs 50000 is eleigble for deduction so amended in section 194A has been made in Finance act ,2018 so as to raise the threshold for deduction of tax at source on interest income for senior citizens from Rs 10,000/- to Rs 50,000/-.

For Other interest Limit remains Rs 5000 for senior citizen .

C) Tax deduction at source on 7.75% GOI Savings (Taxable) Bonds, 2018

Government of India introduced 8% Savings (Taxable) Bonds, 2003 in 2003. Under the existing law, the interest received by the investor is taxable. Further the payer is liable to deduct tax at source under section 193 of the Act at the time of payment or credit of such interest in excess of rupees ten thousand to a resident.

Government has now decided to discontinue the existing 8% Savings (Taxable) Bonds, 2003 with a new 7.75% GOI Savings (Taxable) Bonds, 2018. The interest received under the new bonds will continue to be taxed as in the case of the earlier once. 

The provisions of section 193 has been amended in Finance act -2018 to allow for deduction of tax at source at the time of making payment of  interest on such bonds to residents. However, no TDS will be deducted if the amount of interest is less than or equal to ten thousand rupees during the financial year.

D) TDS on Income from Long term capital gain u/s 112A on equity to Non Resident

10% Long term capital gain has been made applicable from 01.04.2018 for resident as well Non resident. However if payment is made to non-resident then TDS@10 % is also deductible.

Notes to TDS RATE CHART FY 2018-19 AY 2019-20:
  1. No TDS on service Tax: As per circular 01/2014 dated 13.01.2014 TDS is not applicable on service tax part if service tax is shown separately. 
  2. No TDS on GST: As per Circular 23/2017 ,TDS is not applicable on service tax part if service tax is shown separately. 
  3. TDS at higher rate i.e., 20% has to be deducted if the deductee does not provide PAN to the deductor.(read detail u/s 206AA
  4. TDS on Good Transport wef 01.06.2015: TDS shall be applicable on payment to transporter wef 01.06.2015 .However tds exemption will be available only to those transporters who own ten or less goods carriages at any time during the previous year. Such a transporter would also need to furnish a declaration to that effect to the payer along with the PAN.
  5. Surcharge on TDS on salary  is applicable if taxable salary is more than 50 lakh @ 10% and if salary is more than one crore @ 15 %
  6. Surcharge on tax other than salary is not on payment made to resident. 
  7. Surcharge on TDS  applicable on payment made to non-resident (See chart below) details )
  8. TDS is deductible on full amount if threshold limit is crossed during the year including the amount paid earlier during the year along with interest, if applicable.
  9. No Cess on payment made to resident: Health and education cess @ 4%  is not applicable in case of resident Individual /HUF/ Firm/ AOP/ BOI/ Domestic Company in respect of payment of income other than salary. Health and education cess @ 4% instead of education cess 3 % earlier is deductible at source in case of non-residents and foreign company. 
  10. Section 206AA in the Act makes furnishing of PAN by the employee compulsory in case of receipt of any sum or income or amount, on which tax is deductible. If employee (deductee) fails to furnish his/her PAN to the deductor , the deductor has been made responsible to make TDS at higher of the following rates: 
    • i) at the rate specified in the relevant provision of this Act; or 
    • ii) at the rate or rates in force; or 
    • iii) at the rate of twenty per cent. The deductor has to determine the tax amount in all the three conditions and apply the higher rate of TDS.
    • However, where the income of the employee computed for TDS u/s 192 is below taxable limit, no tax will be deducted. Health and education cess @ 4%  is not to be deducted, in case the tax is deducted at 20% u/s 206AA of the Act.
    • In Case of TCS without pan rate shall be 5 % or double of the prescribed rate ,whichever is higher.
  1. TDS by Individual and HUF (Non Audit) case not deductible :An Individual or a Hindu Undivided Family whose total sales, gross receipts or turnover from business or profession carried on by him does not exceeds the monetary limits (Rs.100,00,000 in case of business & Rs.50,00,000 in case of profession) under Clause (a) or (b) of Sec.44AB during the immediately preceding financial year shall not be liable to deduct tax u/s.194A,194C, 194H, 194I & 194J.So no tax is deductible by HUF/Individual in first year of operations of business even sales/receipt is more than 100/50 Lakh.
5.Surcharge /Cess applicable on TDS/TCS

1.Surcharge on payment made to resident other than salary is not deductible
2.In case of nonresident shall be increased by a surcharge in the case of—
(i) every non-resident being an individual or Hindu undivided family or association of persons or body of individuals, whether incorporated or not, or every artificial juridical person referred to in sub-clause (vii) of clause (31) of section 2 of the Income-tax Act,—
(a) at the rate of ten per cent. of such tax, where the income or the aggregate of income paid or likely to be paid and subject to deduction exceeds fifty lakh rupees but does not exceed one crore rupees;
(b) at the rate of fifteen per cent. of such tax, where the income or the aggregate of income paid or likely to be paid and subject to deduction exceeds one crore
rupees;
(ii) every non-resident being a co-operative society or firm or local authority at the rate of twelve per cent. Where the income or the aggregate of income paid or likely to be paid and subject to deduction exceeds one crore rupees;
(iii) every company other than a domestic company at the rate of two per cent. where the income or the aggregate of income paid or likely to be paid and subject to deduction exceeds one crore rupees but does not exceed ten crore rupees;
(iv)every company other than a domestic company at the rate of five per cent. where the income or the aggregate of income paid or likely to be paid and subject to deduction exceeds ten crore rupees.

Surcharge /Cess applicable on TDS/TCS
Particulars
Payment
Surcharge
Cess
Resident
Individual
Salary (up to 50 lakh)
No
Yes(4%)
Individual
Salary (50 lakh - 1 crore)
Yes (10%)
Yes(4%)
Individual
Salary (> I crore)
Yes (15%)
Yes (4%)
Non- corporate
Any
No
No
Corporate
Any
No
No
Non- Resident
Individual or HUF or AOP or BOI or every artificial juridical person
Any payment  up to 50 lakh
No
Yes (4%)
Any Payt (50 lakh-1crore)
Yes(10%)
Yes (4%)
Any Payments> 1 Crore
Yes(15%)
Yes (4%)
cooperative society-Firm
Any payment > 1 Crore
Yes (12%)
Yes (4%)
Non Domestic Company
Any payment                              (> 1 Crore to 10 crore)
Yes (2%)
Yes (4%)
Any payment > 10 Crore
Yes  (5%)
Yes (4%)


6. TCS (Tax Collection at Source Rates FY 2018-19 AY 2019-20

TCS rate chart is given below for your ready reference.

TCS RATES FOR FY 2018-19 AY 2019-20
Nature of Payment
TCS Rate %
Scrap
1.00
Tendu Leaves
5.00
Timber  obtained  under  a forest lease or other mode
2.50
Any other forest produce not being a timber or tendu leave
2.50
Alcoholic Liquor for human consumption
1.00
Parking   Lot,   toll   plaza, mining and quarrying
2.00
Minerals, being coal or lignite or iron ore (applicable   from   July   1,2012)
1.00
Sale of motor vehicle of the value exceeding Rs. 10 Lacs;(wef 01.06.2016)
1.00
Motor vehicle clause Not applicable on Central Government, a State Government, an embassy, a High Commission, legation, commission, consulate and the trade representation of a foreign State; local authority ; a public sector company which is engaged in the business of carrying passengers (wef 01.04.2017)
Bullion if consideration (excluding  any coin  / article weighting 10 grams or   less)  exceeds Rs. 2  Lakhs or jewellery if consideration exceeds Rs. 5 Lakhs (and any amount is received in cash)
Not applicable as cash transaction more than 2 Lakh not allowed wef 01.04.2017
Sale in cash of any goods (other than bullion and jewellery) or providing of any services (other than payments on which TDS is made) exceeding Rs. 2 Lacs
TCS Rate without PAN
Double of TCS rate as above or 5% ,which ever is higher

TCS RATES FY 2018-19 AY 2019-20 (Detailed)

Category-1
Every person, being a seller, shall at the time of debiting the amount payable by the buyer to the account of the buyer or at the time of receipt of such amount from the said buyer, whichever is earlier, collect from the buyer of any goods of the nature specified in column (1) of the Table below, a sum equal to the percentage, specified in the corresponding entry in column (2) of the said Table, of such amount as income-tax:

Nature of Goods
RATE (in %)
Alcoholic liquor for human consumption
1
Tendu leaves
5
Timber obtained under a forest lease
2.5
Timber obtained by any mode other than a forest lease
2.5
Any other forest produce (not being timber/tendu leaves)
2.5
Scrap
1
Minerals, being coal or lignite or iron ore
1

Category-2
Every person, who grants a lease or a licence or enters into a contract or otherwise transfers any right or interest either in whole or in part in any parking lot or toll plaza or mine or quarry, to another person, other than a public sector company (hereafter in this section referred to as "licensee or lessee" ) for the use of such parking lot or toll plaza or mine or quarry for the purpose of business shall, at the time of debiting the amount payable by the licensee or lessee to the account of the licensee or lessee or at the time of receipt of such amount from the licensee or lessee, whichever is earlier, collect from the licensee or lessee of any such licence, contract or lease of the nature specified in column (2) of the Table below, a sum equal to the percentage, specified in the corresponding entry in column (3) of the said Table, of such amount as income-tax:

Nature of contract or licence or lease, etc.
Rate (in %)
Parking lot
2
Toll plaza
2
Mining and Quarrying
2

Category-3
Every person, being a seller, who receives any amount in cash as consideration for sale of bullion or jewellery or any other goods (other than bullion or jewellery) or providing any service, shall at the time of receipt of such amount in cash, collect from the buyer, a sum equal to 1 % of sale consideration as income-tax, if such consideration,—

(i) for bullion, exceeds Rs. 2,00,000; or
(ii) for jewellery, exceeds Rs. 5,00,000; or
(iii) for any goods, other than those referred to above, or any service, exceeds Rs. 2,00,000.

The above category has been abolished wef 01.04.2017 as cash receipt of Rs 2 lakh or more attracts penalty of 100 % so no need to collect TCS on above category.

Category-4
Every person, being a seller, who receives any amount as consideration for sale of a motor vehicle of the value exceeding Rs. 10,00,000, shall, at the time of receipt of such amount, collect from the buyer, a sum equal to 1% of the sale consideration as income-tax.

In order to reduce compliance burden in certain cases, it is proposed to amend section 206C, to exempt the following class of buyers such as the Central Government, a State Government, an embassy, a High Commission, legation, commission, consulate and the trade representation of a foreign State; local authority as defined in explanation to clause (20) of Section 10; a public sector company which is engaged in the business of carrying passengers, from the applicability of the provision of subsection (1F) of section 206C of the Act. This amendment will take effect from 1st April, 2017.



7. Due date to Deposit TDS and TCS & Mode FY 2018-19

To Know the full concept of Due date to deposit TDS ,we must have to read it in two Parts  
  1. When Tax is to be deducted/collected?
  2. When tax deducted at source (TDS/TCS) is to be deposited (TDS due date of deposit)?
When tax is to be deducted?
  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
    • 194 -IA : payment of transfer of immovable property >50 Lakh
    • 194LA: Payment of compensation on acquisition of certain immovable property
When Tax is to be collected 
  1. At the time of Debit of Account or Receipt ,whichever is earlier
    • Scrap 
    • Tendu Leaves 
    • Timber obtained under a forest lease or other mode 
    • Any other forest produce not being a timber or tendu leave 
    • Alcoholic Liquor for human consumption 
    • Parking Lot, toll plaza, mining and quarrying Minerals, being coal or lignite or iron ore (applicable from July 1,2012) 
  2. At the time of receipt/collection  
    • Sale of motor vehicle > 10 lakh
When date of deduction/Collection is decided then according to point of deduction/collection then due date to deposit is to be decided as under.


Due Date to Deposit TDS /TCS
Tax to be deducted  by Govt  Office
1
Tax deposited without challan
Same day
2
Tax deposited with challan
7th of next month
Tax deducted  by Non-govt deductors
1
Tax deductible in March
30th  April  of  next F.Y
2
other months & tax on perquisites opted to be deposited by employer
7th of next month
TDS on transfer of Immovable property 194IA
1
Tax deductible in a particular Month (up to 31.05.2016)
7th of next month
2
Tax deductible in a particular Month  ( wef 01.06.2016)
30th of next month
Tax Collected at Source (TCS)
1
Tax collectable  in a particular Month                                 
7th of next month

Challan to deposit TDS and TCS & mode of deposit
  1. For all sections under TDS and TCS one challan is to be deposited ie ITNS-281 and to deposit TDS/TCS -TAN(tax deduction & collection account number is to be obtained and used.
  2. Deductor can adjust excess tds deposited in one section /assessment year with another section /assessment year so no need to deposit section wise challan.
  3. However for TDS collected under section 194IA (TDS on immovable property over 50 Lakh) tax is to be deposited on challan cum return 26QB.Further to deposit this challan TAN number is not required though deductor will FILL his PAN 
  4. TAX must be deposited through online mode only or through designated bank branches.
Refund of Excess TDS deposited:

As pointed out above in point number 2, you may adjust excess TDS in other section /assessment year/quarter. However if you want refund then you may apply on form 26B online for excess TDS.

“Time and mode of payment to Government account of tax deducted at source or tax paid under sub­ section (1A) of section 192. Rule: 30.
(1) All sums deducted in accordance with the provisions of Chapter XVIIB by an office of the Government shall be paid to the credit of the Central Government
  • (a) on the same day where the tax is paid without production of an incometax challan; and
  • (b) on or before seven days from the end of the month in which the deduction is made or incometax is due under subsection (1A) of section 192, where tax is paid accompanied by an incometax challan.
Tax to be deducted/collected  by Govt  Office
1
Tax deposited without challan
Same day
2
Tax deposited with challan
7th of next month
3
Tax on perquisites opt to be deposited by the employer
7th of next month
(2) All sums deducted in accordance with the provisions of Chapter XVIIB by deductors other than an office of the Government shall be paid to the credit of the Central Government
  • (a) on or before 30th day of April where the income or amount is credited or paid in the month of March; and
  • (b) in any other case, on or before seven days from the end of the month in which the deduction is made; or incometax is due under subsection (1A) of section 192.
Tax deducted/collected by other
1
tax deductible in March
30th April of next year 
2
other months & tax on perquisites opted to be deposited by employer
7th of next month

(2A) Notwithstanding anything contained in subrule (2) ,any sum deducted under section 194-IA shall be paid to the credit of the Central Government within a period of seven days 30 days (wef 01.06.2016) from the end of the month in which the deduction is made and shall be accompanied by a challan-cum-statement in Form No. 26QB
 (3) Notwithstanding anything contained in subrule (2), in special cases, the Assessing Officer may, with the prior approval of the Joint Commissioner, permit quarterly payment of the tax deducted under section 192 or section 194A or section 194D or section 194H for the quarters of the financial year specified to in column (2) of the Table below by the date referred to in column (3) of the said Table:
SrNo
Quarter ended On
Date of payment
1
30th June
7th July
2
30the September
7th October
3
31st December
7th January
4
31st March
30th April



8.Person required to file E TDS Return & Duties of Deductor

For quick and efficient collection of taxes, the Income-tax Act has incorporated a system of deduction of tax at the point of generation of income. This system is called “Tax Deducted at Source” commonly known as TDS. Under this system, tax is deducted at the point of origination of income. Tax is deducted by the payer and the same is directly remitted to the Government by the payer on behalf of the payee.
The provisions of tax deducted at source presently apply to several payments like salary, interest, commission, brokerage, professional fees, royalty, etc.

Meaning of TAN

Tax Deduction Account Number is a 10-digit alphanumeric number issued by the Income-tax Department (herein after referred to as ‘TAN’). TAN is required to be obtained by all persons who are responsible to deduct tax at source (‘TDS’) except in case of a person who is responsible to deduct tax at source under Section 194-IA.
Given below is an illustrative TAN:
DELM12345L
First 3 alphabets of TAN represent the jurisdiction code, 4th alphabet is the initial of the name of the TAN holder. The next 5 digits of the TAN are system generated numbers between 00001 to 99999 and last character, i.e., the tenth character is an alphabetic check digit.

Persons liable to apply for TAN

Every person who is liable to deduct tax at source is required to obtain TAN. However, a person who is required to deduct tax under Section 194-IA and 194IB can use PAN in place of TAN as he is not required to obtain TAN.

Relevance of TAN

It is mandatory to quote TAN in following documents:

(a) TDS statements i.e. return
(b) Challans for payment of TDS
(c) TDS certificates
(d) Other documents as may be prescribed

Penalty

If a person fails to apply for TAN or failed to quote or quotes incorrect TAN in the above specified documents, a penalty of Rs. 10,000 shall be levied.

Procedure to obtain TAN

An application for allotment of TAN shall be made in duplicate in Form No. 49B at any TIN Facilitation Centers (TIN-FC). Addresses of TIN-FCs are available at NSDL-TIN website. Alternatively, one can apply for TAN online at the NSDL-TIN website.

Charges for obtaining a TAN

A fee of Rs. 55 + service tax (as applicable) should be paid as processing fee while submitting application for TAN.

​​​Person liable to furnish TDS statement

Every person responsible for deduction of tax shall furnish quarterly statements in respect thereof.
DUTIES OF TAX DEDUCTOR/COLLECTOR
  1. To apply for Tax Deduction Account Number (TAN) in form 49B, in duplicate at the designated TIN facilitation centers of NSDL(please see www.incometaxindia.gov.in), within one month from the end of the month in which tax was deducted. However for tax deduction u/s 194IA (tds on transfer of immovable property) the deductor may use PAN instead of TAN
  2. If a deductor has many offices then deductor may take one TAN for all branches or take separate TAN for each TAN. If separate TAN is taken then deductor can check TDS compliance report of all TAN at TDSCPC website 
  3. To quote TAN (10 digit reformatted TAN) in all TDS/TCS challans, certificates, statements and other correspondence.
  4. To deduct/collect tax at the prescribed rates at the time of every credit or payment, whichever is earlier, in respect of all liable transactions.
  5. To remit the tax deducted/collected within the prescribed due dates by using challan no. ITNS 281 by quoting the TAN and relevant section of the Income-tax Act.
  6. To issue TDS/TCS certificate, complete in all respects, within the prescribed time in Form No.16(TDS on salaries), 16A(other TDS) 27D( TCS).
  7. To file TDS/TCS quarterly statements within the due date and revise the same ,wherever necessary.
  8. To mention PAN of all deductees in the TDS/TCS quarterly statements.



TRACES online portal for deductors and deductees :

TRACES is a web-based application of the Income Tax Department that provides an interface to all stakeholders associated with TDS administration. It enables viewing of challan status, downloading of Consolidated File, Justification Report and Form 16 / 16A as well as viewing of annual tax credit statements (Form 26AS). The deductor has to register at TRACES website to avail facility available at the website 

Facility available at Traces for deductors 
  1. Download Consolidated  File / 
  2.  Download Form 16 / 16A / 16B / 27D.
  3. Online correction of TDS returns 
  4. Refund of Excess TDS
5.      Justification report: After filing of the return, Department shall process the return and issue intimation of return processed without default or with defaults. The defaults are mainly on account of deduction of tax at less rate , late filing of return ,interest due to late deposit of Tax ,mismatching overbooking of challan , incorrect pan details etc. In intimation only summary of default is sent to check the details deductor is supposed to download Justification report from TDSCPC website



9.  Due date TDS-TCS return 24Q, 26Q ,27Q,27EQ and Form 16 , Form 16A for Financial year 2018-19 for Govt as well as non Govt deductor (notification 30/2012 dt 29/04/2016)

Quarterly return Form  

Deductor is required to file TDS/TCS return quarterly, however nil return is not mandatory. These returns may be filed at any TIN-FC by paying a small fee. However you may upload original return directly at e filing site free.

  1. 24Q   : For TDS deducted from Salary Income 
  2. 26Q   : For  TDS deducted from all other section except salary & 194IA from resident
  3. 27Q   :  For TDS deducted from Non-resident except salary
  4. 27EQ : For Tax collected at source
  5. 26QB : For section 194IA separate return is not required ,challan cum return is to be filled on form 26QB (Tax to be deposited within 30 days(wef 01.06.2016)(earlier it was 7 days) from the end of the month in which tax is to be deducted )
Due date TDS Return 24Q, 26Q ,27Q TCS Return 27EQ        Form 16  Form 16A for Financial year 2018-19 for Govt as well as non Govt deductor 
Sl. No.
QTR ENDING
RETURN
TDS-TCS Certificate
TDS
TCS
FORM 16A
FORM 16
FORM 27D
1
30th June
31st July
15th July
15th Aug
15 June,2019
15.07.2019
30th July
2
30th Sep
31st Oct
15th Oct
15th Nov
30th Oct
3
31st Dec
31st Jan
15th Jan
15th Feb
30th Jan
4
31st Mar
31st May 
(30.06.19
Form..24Q)
15th May
15th June                         
30th May 

Nil TDS return is not mandatory 

As per income tax rules/act Nil tds return is not mandatory, however to facilitate the deductors and to update data Govt has provided a facility on Traces website for declaring NIL tds return.

Correction statement of  E TDS return 

You may file correction return any number of times, No time limit has been defined yet.  This return can be filed with TIN-FC .To file the revised TDS return you have to download consolidated FVU file from TDSCPS website The correction return filing facility has not been provided at Income tax India e filing site but we expect that soon it will be made available. However you may correct challan details/tag replace challan/allocation of interest and fees online/move deductee rows from unmatched challan without digital signature at www.tdscpc.gov.in and pan details with digital signature. If short payment of TDS is not settled by Deductor then he cannot download form 16A/16 of that quarter/year.

TDS Certificate 
  1. Form 16 : For tds deducted from salary
  2. Form 16A : For other Tax deductions except salary & 194IA
  3. Form 16B : TDS from section 194IA (to be issued within  45 days wef 01.06.2016)(earlier it was 22 days) from the end of the month in which tax is to be deducted )
  4. All above form must be downloaded from TDSCPC (TRACES) website .However in case of Form 16 only PART-A is to be downloaded from TRACES website. Earlier this was mandatory for only companies ,Banks and co-operative societies engaged   in Banking services with effect from 01.04.2011 through circular number 3/2011.
  5. Form 16A downloaded from TDSCPC can be signed manually or can be authenticated through digital signature only.
Read more from links given below
  1. Procedure How  to register at TRACES (www.tdscpc.gov.in) and 
  2. How to download Form 16A form TRACES (www.tdscpc.gov.in)
  3. HOW TO DOWNLOAD FORM 16 FROM TDSCPC WEBSITE
  4. How to download Form 16B from TDSCPC website 
10. Interest on Late deposit of TDS/TCS & Penalty & Prosecution & other consequences on Non deposit of TDS/TCS 

As per income-tax act/rules, interest on late deposit of TDS is payable under the following two circumstances
  1. Tax is not deducted , when it was deductible
  2. Tax once deducted, is not paid on or before due date
INTEREST ON LATE DEDUCTION/DEPOSIT OF TDS-TCS
Section
Nature of default
Interest
Period
Interest under section  201(1A)
Non-deduction of tax at source, either in whole or part
1.00% per month
From the date on which tax was deductible to the date on which tax is actually deducted
 After deduction, nonpayment of tax, either in whole or part. Non- payment of tax u/s 192(1A)
1.50% Per Month
From the date on which tax was deducted to the date on which tax is actually paid
Simple Interest shall be calculated and part of month will be treated full Month


Consequences if default is made in payment of TDS

A deductor would face the following consequences if he fails to deduct TDS or after deducting the same fails to deposit it to the credit of Central Government’s account:

·         a) Disallowance of expenditure: As per section 40(a)(i) of the Income-tax Act, any sum (other than salary) payable outside India or to a non-resident, which is chargeable to tax in India in the hands of the recipient, shall not be allowed to be deducted if it is paid without deduction of tax at source or if tax is deducted but is not deposited with the Central Government till the due date of filing of return.
However, if tax is deducted or deposited in the subsequent year, as the case may be, the expenditure shall be allowed as deduction in that year.
Similarly, as per section 40(a)(ia), any sum payable to a resident, which is subject to deduction of tax at source, would attract 30% disallowance if it is paid without deduction of tax at source or if tax is deducted but is not deposited with the Central Government till the due date of filing of return.
However, where in respect of any such sum, tax is deducted or deposited in subsequent year, as the case may be, the expenditure so disallowed shall be allowed as deduction in that year.
The same rule is also applicable on Income from other sources.
·         b) Levy of interest: As per section 201 of the Income-tax Act, if a deductor fails to deduct tax at source or after the deducting the same fails to deposit it to the account of Central Government then he shall be deemed to be an assessee-in-default and liable to pay simple interest as follows:
(i) at one per cent for every month or part of a month on the amount of such tax from the date on which such tax was deductible to the date on which such tax is deducted; and
(ii) at one and one-half per cent for every month or part of a month on the amount of such tax from the date on which such tax was deducted to the date on which such tax is actually paid.
·         c) Levy of Penalty: Penalty of an amount equal to tax not deducted could be imposed under section 271C. Penalty shall be charged under section 221 if deductor fails to deduct and pay tax to the credit of Central Government. The penalty shall be levied to the extent the Assessing Officer directs, however, the total amount of penalty shall not exceed the amount of tax in arrears.
d) Prosecution: If a person fails to pay to the credit of the Central Government the tax deducted at source by him he shall be punishable with rigorous imprisonment for a term which shall not be less than three months but which may extend to seven years and with fine.

e) Dis allowance of Expenses : If TDS is not deposited with in due date of filing of Income tax return then 30 % of expenses on which TDS is deductible will be disallowed as expenses in current year under section 40A(ia)


11 : Late Fees -Penalty on Late filing of TDS return 

1. Failure to apply for TAN in time or Failure to quote allotted TAN or Wrong quoting of TAN :  Penalty of Rs.10,000 is leviable u/s.272BB

2. Late Filing of TDS-TCS statement:  Deductor will be liable to pay by way of fee of Rs 200 per day till the failure to file TDS statement continues. However, the total fee cannot exceed the amount of TDS deductible from which statement was required to be filed.(section 234E) .Further as per section 234E ,Late fees is required to be paid before the filing of TDS/TCS return. Read How to avoid Late fees u/s 234E (read more post related to section 234E)




3. Failure to File TDS return on Time and filling of incorrect statement: New Section for Penalty for non submission of ETDS /ETDS return (section 271H)(applicable from 01.07.2012)

Failure to deliver statement within time prescribed u/s 200 (3) or to the proviso to sub-section (3) of section 206C may liable to penalty which shall not be less than Rs. 10,000/- but which may extend to Rs. 1,00,000/-. No penalty if payment of tax deducted or collected along with fee or interest and delivering the statement aforesaid before the expiry of 1 year from the time prescribed for delivering the such statement. However No penalty shall be imposed u/s 271H if the person proves that there was reasonable cause for the failure.(section 273B)

4. Penalty on Late issue of TDS certificate form 16/Form 16A/form 27D/Form 16B :

If TDS certificate is not issued within due date as prescribed then penalty @ 200 per day may be imposed till the default continues for each default. However, the maximum penalty cannot exceed the amount of TDS deducted for which TDS certificate was required to be issued.




5. Assessee In default (amendment in section 201)

The Deductor will not to be treated as assessee in Default provided the resident payee has furnished his return u/s 139 and has taken into account such amount for computing income in such Return of Income and has paid the Tax Due on the income declared by him in such return of income and furnishes a certificate to this effect, duly certified by a CA, in the prescribed form. This form is yet to be notified.

However, the interest for non deduction of tax would be payable from the date on which such tax was collectible till the date of furnishing of return of income by the resident payee.

12 .Various Passwords required to Use Traces Website

Functionality
Password
Example
Password Formats for Tax Deductors
Registration
It should contain a minimum of
8 alphanumeric characters with
at least one capital letter.
Password123
Consolidated File
TAN_Request Number of request submitted
DELA11111D_23456
Form 16/ 16A
TAN in capital letters
DELA11111D
Justification Report
JR_TAN_FormType_Quarter_FY
JR_DELA11111D_24Q_Q3_2010-11
Intimation
through email
TAN_Date of filing original
statement (in DDMMYYYY
format)
DELA_13102013
Password Formats for Tax Payers
Registration
It should contain a minimum of 8 alpha numeric characters with at least one letter in upper case
Password123
Form 26 AS
Date of Birth (in DDMMYYYY format)
If your date of birth is 01-Feb-1980, password will be 01021980
Form 16B
Date of Birth (in DDMMYYYY format)
If your date of birth is 01-Feb-1980, password will be 01021980

TDS RATE CHART FY 18-19 AY 19-20  VERSION: 1 UPDATED: 01/04/2018 

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Complete details Of TDS rate changes for financial year 2018-19 Tcs rate changes, Due date to deposit TDS , Due date to issue Form 16, Due date to issue  Form 16A , Due date for filing E-TDS return Form 24Q/26Q,27EQ , Penalty and interest provision for late deposit of TDS ,consequences for default in filing of E tds Return , TDS rate applicable in case of Non submission of PAN ,TDS rate applicable on service tax or not , on job work or not , which rate is applicable to individual , HUF, who should deduct TDS , who should not deduct tds ,whether tds should be deducted on service tax on rent or professional services all such topics has been covered here under.Passwords to open various TRACES/e filing related files/utilities

TDS RATE CHART FY 18-19 AY 19-20  VERSION: 1 UPDATED: 01/04/2018 

COMMENTS

BLOGGER: 8
  1. TDS Not applicable on GST also.You have mentioned about Service Tax only.Please update it along with circular reference.

    ReplyDelete
    Replies
    1. Thanks Sudheer , Relevant point added in Notes

      Delete
  2. It is mentioned that for Dividends the cut off is 2500/-. SO do we need to do TDS on Dividend paid beyond 2500? Please clarify and advise.

    ReplyDelete
    Replies
    1. In my view Deemed dividend is covered under this section. On normal dividend ,dividend distribution tax is applicable .

      Delete
  3. pls share GST rate with xl sheet

    ReplyDelete
  4. pls share the GST Rate with product wise

    ReplyDelete
  5. This clear explanation, I have ever seen my past. Tq for your valuable information buddy.

    ReplyDelete
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AGRICULTURE,2,44AB new limit,29,44AB NON RESIDENT,3,44ad,19,44ada,3,46/2012 45/2012,1,49C,1,5 day week,1,5 years post office deposit,5,5/2011,1,50 paisa coin,2,500-1000 notes banned,128,54b,19,54EC,28,54ee,1,54f,22,54gb,1,5th paycommission punjab,1,6 % excise,1,6 crore advance limit,1,6/2005,1,69/2010,1,6th cpc,5,6TH PAY COMMISSION,6,70% of pan etds,7,7th Central Pay Commission,12,8 tips to save tax,2,80C,90,80ccc,3,80CCD,15,80cce,2,80CCF,18,80CCG,6,80d,10,80DDB,14,80EE,4,80EEA,1,80G,6,80GG,8,80GGA,6,80GGB,1,80ggc,1,80tta,5,80TTB,2,80U,2,85% of pan etds,1,86/2008 DATED 13-08-2008,1,87A rebate,8,89(1),22,89(1) relief calculator,19,9.5 % rate for private epf,8,92E,1,95% of pan etds,5,98 dated 04/01/08,1,aadhaar,18,aakash tablet,1,aam admi,1,aar,4,Aayakar Sampark Kendra,1,abatement,13,abolished,1,ACCOUNT PAYEE DRAFT,2,Accounting,1,ACCOUNTING CODE,11,accounting code for services,6,ACCOUNTING FOR GOVT GRANTS,3,accounting standards,12,ACES,10,ADD IN,1,Add-Ins,2,additional relief in budget 2010,1,adjustment of advance FBT with advance Tax,2,advance rullings,3,advance salary,2,advance tax,2,ADVANCE TAX CALCULATOR,10,advance tax challan,19,advance tax collections,1,ADVANCE TAX CUT OFF AMOUNT,12,ADVANCE TAX DATES,20,AFFIDAVIT,2,affordable housing,1,AG Projects Technologies Ltd RT,1,age 80 addition pension,2,aibea wage revision,1,aibea wage revision latest news,1,aiboa,1,aiboc,1,aiboc wage revision,1,AIG,1,AIR,10,airline ticket booking tds,7,airlines,3,all is well,1,allowances,5,allownces,4,alphabet of inspiration,1,alteration on check allowed,3,alternate minimum tax,4,AMENDED 3CD,12,amendment in companies bill 2011,2,amendment in gratuity act 2010,5,amendment in registration service tax,4,AMENDMENT IN SERVICE TAX ON RENT,6,amendment to finance Bill 2010,1,AMNESTY SCHEME 2007,2,amt,2,Anna Hazare,2,anna hazzare bill vs govt lokpal bill,1,appeal,15,apply for new pan card against old pan card,3,aqb,1,arbitration,2,arrears of salary,5,arrears of sixth pay,6,ARRERS TAX,2,AS-12,1,ASBA,1,assessee in default,2,ASSESSMENT REOPENING,8,ASSESSMENT YEAR 2008-09 REFUND,1,atm,13,atm 100 per day,2,atm cash without card,2,atm tips,9,atm wrong debit,1,audit cases itr filing,2,audit limit enhanced,13,Audit Questionaire,1,AUDIT REPORT,63,AUS VS IND.INDIA VS SL,1,Automated teller machine,1,AUTOMATION OF CENTRAL EXCISE AND SERVICE TAX,7,Axis Bank credit cards,2,ay 2010-11,1,bad debts,2,Balwant Jain,180,Bank,6,Bank account,15,bank audit,3,bank audit 2012,1,bank charges,19,BANK SALARY,2,bank strike 06/07/09 and 07/07/09,1,banking law amendment,1,banknotes,6,banks npa provisioning,4,BARE ACT,4,bare rules,1,BASE RATE BY BANKS,2,bcct,1,belated return,2,benami property,1,BIMAL JAIN,474,biometric pan card,3,black and white form not acceptable,2,black money,27,BLOCK PERIOD,1,blogging,1,bobay refund,1,BONUS,2,bonus share,2,book discount,5,BOOK ON EFILING,1,BOOK REVIEW,1,books of accounts,6,BOOMING INDIAN ECONOMY,3,both House rent allowance,10,both hra and house loan,15,Brass Scrap,3,BRIBE CASE,1,BROKER,3,BSE,1,bsnl broadband,1,bsnl broadband usage,1,bsnl land line sms alert,2,BSR CODES,3,BUDGET 2009,18,budget 2010,28,budget 2010-11,4,budget 2011,13,BUDGET 2012,38,budget 2013,17,BUDGET 2014,39,BUDGET 2014 CONTEST,6,budget expectations,8,BUDGET HIGHLIGHTS,11,budget live on computer,5,budget live telecast,5,budget notification,1,budget on tv,1,budget speech,16,BUDGET SPEECH DOWNLOAD,2,Budget-2014,2,Budget-2015,45,BUDGET-2016,71,budget-2017,28,BUDGET-2018,32,BUDGET-2019,22,BUDGET-2020,2,budget-2022,9,BUDGET-21,39,Budget-23,51,BUDGET08,5,BUDGET2018,1,Business,5,BUSINESS AND PROFESSION MEANING,1,BUSINESS COVERED UNDER 44ab,2,buy back,1,BUY HOUSE,5,C FORM,5,CA CAN ONLY AUDIT MVAT,4,CA CLUB INDIA,1,CA GIRISH AHUJA,3,CA NITIN GUPTA,5,CA PARDEEP JAIN,5,CA ROHIT GUPTA,4,ca services,3,CA sudhir Halakhandi,1,CA Swapnil Munot,15,CA Vikas Khandelwal,9,calculate arrear,1,CALCULATE NEW PAY,2,calculate your emi,4,calculation of tax on salary arrears,4,CALCULATOR,72,CALCULATOR REVISED,1,capital asset,4,capital formation huf,3,Capital gain,45,capital gain account scheme 1988,11,CAPITAL GAIN INDEX,30,capital gain on repayment of loan,2,capital gain on tenancy rights,1,capital goods,3,capital revenue,1,CAPITAL SUBSIDY,3,CAR LOAN,1,CAR LOAN RATE INCREASE,12,carry forward of losses in late return,5,cas,1,cash back,1,Cash credit,2,cash flow statement,1,CASH PAYMENT DIS ALLOWANCE,11,CASH PAYMENTS EXCEEDING 20000,5,CASH SUBSIDY,3,Cash Transaction 2016,8,cbdt,15,cbec,9,CBI ARRESTED,1,centeral sales tax rate,2,CENTRAL PAY COMMISSION,6,CENTRAL PROCESSING CENTER,2,CENTRALISED PROCESSING OF RETURNS,1,Cenvat,63,CENVAT Credit Rules,81,cgas 1988,3,challan,7,challan 281,10,CHALLAN 289,1,challan correction,8,challan Form 17,11,CHALLAN STATUS INQUIRY,1,change,1,change in cst rate,5,change in excise duty rates,11,CHANGE IN PAN ADDRESS,3,CHANGE IN PAN DATA,7,change in tds rates in budget,14,changes,2,CHANGES IN SERVICE TAX ACT,58,changes in Gst,1,changes in income tax,1,changes in new itr forms,11,CHANGES IN TDS,14,CHARGES ON CASH PAYMENT OF CREDIT CARD BILL,3,charitable organisation,5,check name from PAN,2,check tds deducted online,3,Cheque,12,cheque bounce,7,cheque payment before due date,8,cheque tender date /realisation date,4,Cheque Truncation,7,CHEQUE VALIDITY,9,child care leave,3,CHILD DEPENDENT PREMIUM,1,CHILD MARRIED PREMIUM,1,child plan,1,childeren name,1,children education allownces,10,chip based atm card,4,cibil,13,cibil for companies,5,CII 2007-08,1,CII 2008-09,2,CII 2010,1,cii 2012-13,1,CII2011-12,1,cin,2,CIRCULAR 3/2010 DT 2.03.2010,1,CIRCULAR 8-2010,1,CIT v. Emilio Ruiz Berdejo (2010) 320 ITR 190 (Bom.),1,cloning of atm card,1,clubbing of income,2,co-ownership,1,COLLECTION CHARGES,1,COLOR SCHEME,1,COMMISSION ON SMALL SAVINGS,2,common error in 2009-10,1,common error in itr 4-5-6,3,compa,1,companies bill 2012,2,COMPANIES RATE,2,COMPANY BILL 2011,6,company deposit,5,Company Law Settlement Scheme,5,COMPANY REGISTRATION,4,complusory payment of taxes,1,Composite rent,1,COMPOSITE SUPPLY,3,Composition scheme GST,15,Composition scheme service tax,2,compounding of offence,1,COMPUTER AS FAX MACHINE,1,computer sytem at ito office,1,CONCEPT PAPER,1,configure yahoo mail in outlook express,7,consolidate account statement,5,construction purchase of house,9,Consultancy Service,2,consumer loans,2,Consumer Price Index,2,consumer protection,1,continues services,1,CONTRIBUTION TO NEW PENSION SCHEME,10,CONTRIBUTORY PENSION FUND,3,CONVERT FIGURES INTO WORD EXCEL,8,COPARCENER,1,CORONA,8,CorpMcash,1,Corporate Social Responsibility,1,corporate tax,1,corporation bank,3,correction etds,10,CORRECTION IN PAN DATA,8,correction in section,4,CORRECTION RETURN,6,CORRECTION RETURN.ETDS,7,cost accounting,5,cost audit,6,cost inflation index,21,cost inflation index 2012-13,2,COST INFLATION INDEX FY 2010-11,1,COST INFLATION INDEX FY 2011-12,1,COST OF INDEXATION CALCULATOR,5,court case in entry tax punjab,2,covid-19,3,cpc phone number,6,cpf,7,Credit card,32,CREDIT CARD BILL PAYMENT ICICI BANK,6,credit scores,14,cricket team,1,critical illness,1,CROSSED DEMAND DRAFT,2,CRR,14,crr reducred,1,cryptocurrency,1,CS DIVESH GOYAL,69,CST,12,CST 3% OR 2 %,3,cst act 1956,1,cst form,6,CST FORM STATUS,1,cst rate changed,3,CST REDUCE RATE,4,ctt,3,currency,2,CURRENCY TRADING ILLEGAL,1,custom,4,custom changes in budget,18,cusual leave,1,DA MERGE,2,da rate,16,da rate 01.07.2012,4,da rate january 2013,4,da rate july 2012,3,da rate wef 01.01.2012,4,date extension,4,DDO ASK RENT RECIPT,1,ddt,4,dearness allowance,15,Debit card,11,DEBT EQUITY RATIO,1,debt funds,13,debt trap,3,declared goods,1,DEDUCTION 80C,6,deduction for higher studies,3,deduction on saving bank interst,2,deduction u/s 80DD,6,Deemed income of employee,1,deemed ownership,1,deemed services,1,defective return,4,defence officers,1,defence pay,1,defence pay scales,2,DELAY IN FILING,3,delete ledger in tally,1,DELHI HIGH COURT,11,demat,4,deposit tax of two quarter in single challan,3,depreciation,15,depreciation on car,3,depreciation on commercial vehicle.,2,DEPRECIATION ON INTANGIBLE ASSETS,3,depreciation rate,13,depreciation rate 2009-10,3,DETAIL AFTER E FILLING,1,DETAIL OF TIN,1,Determination of value,1,DIFFRENT TYPE OF TAXES,1,digital signature,10,din,4,direct payment in bank account,1,DIRECT SUBSIDY,10,direct tax bill,6,direct tax changes in budget,25,direct tax code,39,direct tax code 2009,6,dis,1,Disability insurance,4,discussion Paper,4,distribution of salary,2,dividend distribution tax,2,dividend striping,1,dnd,1,do not call.,1,document identification number,1,document ientification number,1,documents required for service tax registration,5,domestic transfer pricing,5,donation,3,dot,1,double taxa