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New TDS Procedure

Changes of TDS in Union Budget 2009 | TDS Amendments applicable for A.Y.2010-11

TDS Rates Applicable for AY 2010-11 (FY 2009-10). Major Changes of TDS Tax Deducted at Source on Rental Payment u/s 194 I, on contract payment u/s 194 C, Payment to transports. Surcharge and cess is abolished. Other various amendmendts has been done. Please see details given below for amenmendts related to TDS / Tax deducted at source.194-I: Rental Payments Earlier rates: Plant and Machinery = 10% Land or building or furniture or fittings to Individual/HUF .....

Press Release | New TDS/TCS Rules Applicable w.e.f. 1-7-2009 Instead of 1-4-2009

Finally Board has given press release for clarification regarding new TDS and TCS rules. Board may issue it earlier but…….. one min…… this clarification only for applicability of new TDS and TCS rules not for procedures…… as you……..!all know there are so many issues about the procedure of new TDS and TCS rules. Hope board will issue clarification before the applicability of new TDS and TCS rules. No.402/92/2006- MC (11 of 2009)Government of IndiaMinistry of .....

Detail Procedure about New Provision of TDS & TCS

Mandatory efiling of TDS for every deductor and Collector Every deductor or collector will have to deposit tax only through internet banking facility in form No. 17 (Newly Introduced Form instead of Challan No. 281) with effect from 1-4-2009.(notfication No.31/2009). The deducted or Collector will upload this form and after uploading Form No. 17 a ‘Transaction Reference Number’ will be created. Unique Transaction number (UTN) for each deductee/collectee will be created also. Unique Transaction Number .....