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New TDS Updates

Effective Dates of Unioun Budget 2009 Provisions

Effective dates of various provisions. Of BUDGET -09-10 . After the union Budget 2009-10. Most of the visitors ask about effective dates of the amendments provisions. So here are the list effective dates of some of the provisions of union budget 2009……..more to be added soon……………….so keep in touch……………..and subscribe your email id………..for latest unpdates….. INCOME TAX 01-04-2009 – Advance Tax Limit Increased to 10000 from 5000. Wealth Tax Limit Increased : The recommended amendment .....

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 .....

Form 17, UTN, Form 24C applicability hold on till Next Press Release

Today(1st July, 2009) is the starting date for depositing TDS of previous month i.e. june 2009 and as well as first date of “Last month for filing income tax returns”. I have written various post about form 17 that was coming from 1st July 2009, but now Income tax deparmant again wake up and has issued a press release on the pinpoint. Yesterday, the CBDT has issued a Press Release in which it has been .....

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 .....

Implementation of Form 17 | New TDS Challan from July 1, 2009

Form 17 – New TDS Challan -CBDT all set to extend date for implementation of new form from July 1, 2009 – TDS to be deposited in the old form no.281 till then. Notification being issued soon. Source: taxindiaonline.com Update: Press Release by CBDT

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 .....

epayment of TDS Portal is not Available Yet

Updates on 7th May 2009 : Implementation of Form 17 | New TDS Challan from July 1, 2009 Updates on 11th May 2009 : Press Release From CBDT AS per the CBDT Notification No.31/2009 introducing the new challan From 17 with effect from 1st April, 2009 , all persons required to deduct tax at source (TDS) or collect tax at source (TCS) under the Income-tax Act will now be required to enter details of TDS/TCS .....

New TDS | TCS Challan No. 17 | Form NO.16 | Form No. 16A | Form No.27D w.e.f.1-4-09

There has been major amendments regarding TDS/TCS Forms, Returns and procedures w.e.f. 01-04-2009 after issued the Notification No. S.O.858 (E) dated 25th March 2009 [NOTIFICATION NO. 31/2009 - Income-tax (8th Amendment) Rules, 2009 ]. . So we have prepared some forms in excel format as per new format available in this notification. Download Forms which has amended w.e.f. 01-04-2009 You must subscribe your e-mail id for free download these forms Enter email: Please try link1 .....

Major Amendment in TDS and TCS forms, Returns, Procedures w.e.f. 1.4.09

This is to inform that major amendments have been made in the system of payment, deposit, filing and issuing TDS/TCS certificates w.e.f. 1st April 2009 vide Notification No. S.O.858 (E) dated 25th March 2009 [NOTIFICATION NO. 31/2009 - Income-tax (8th Amendment) Rules, 2009 ]. These include: TDS/TCS shall be deposited mandatorily by electronic mode only. Quarterly deposit of TDS is allowed in few cases with prior approval of Jt. Commissioner. Form 16 and 16A amended. .....