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TDS on Payment to transporter

Today we discuss on the provision of the TDS on Payment to transporter. what is the rate of the tds on contractor , under which section it will cover and when applicability of deducting tds on transporter will arise. In this blog we will discuss tds on transporter in details. TDS on Payment to transporter is deducted under  section 194C ... Read More »

Accounting entries relating to Tax deducted at source

Today we are going to discuss a simple & basic concept relating to accounting entries of Tax deducted at source on expenses & income. Most of people other than people from accounting background doesn’t know much about this. They always have some confusion about this. We are already discussed in our earlier post relating to TDS deduction limit, TDS rate ... Read More »

TDS Saving Form 15G and Form 15H

Today we discuss on the Form 15G and Form 15H, It is a type of Lower deduction /Non deduction of TDS certificate benefits of issuing the form ,procedure of filing and submitting the form. Meaning of Form 15G and Form 15H Form 15G and Form 15H is a self-declaration form furnished  by the person to another person like banker, Loan & advance parties from which ... Read More »

New Procedure to File the TDS retrun

Today we discuss on new procedure to file the tds return and fees for  filing of TDS and TCS return ( tax deducted at source or tax collected at source ) has been defined in Section 234e of income tax  act, 1961. What will be the fees if not filed in due date. New Procedure to File the TDS retrun – Change ... Read More »

Time Limit of Issuing TDS Certificate

Today we  are discussing on various Time Limit of Issuing TDS Certificate and filing  TDS Return. Form 16,16A & 27D are Certificates while Form 24Q, 26Q, 27Q & 27EQ are TDS/TCS statements. in that we are discuss on time limit of filing the TDS return, penalty for not filing the TDS return,time limit of generating TDS certificate ,penalty of not generating tds certificates on time. ... Read More »


As we have discuss in the previous blog taxation of NRI in India. Today we are discussing on TDS ON INCOME EARNED BY NRI IN INDIA.Every Non Resident Indian has to pay the taxes in India on income earned in India. TDS on Interest Income earned by NRI in India Interest income earned on Non Resident External (NRE) accounts and Foreign ... Read More »


Dear All Extension of the TDS due date payments( tax deducted at source/tax collected at source )during the month of September, 2014. – Please Note the CBDT has extended the Due date of Payment for the month of September, 2014 Due Date for the TDS Payments is 7th October 2014; CBDT has extended the Date to 10th October 2014 due ... Read More »

TDS Rate Charts FY 2013-14

Today we are discussing on TDS  Rate charts for FY 2013-14 (Tax deduction at Source), Limit after which TDS to be deducted and rate of TDS to be deducted. TDS RATE CHARTS FOR FINANCIAL YEAR 2013-14 Section For Payment of following services On Payments Exceeding Individual/HUF Company 193 Interest on Debentures Rs. 5000/- 10% 10% 194 Deemed Dividend No minimum 10% ... Read More »


Today we are discussing frequently asked question on TDS – Meaning of TDS, Applicability of TDS, Application for TAN, Due date for TDS Payments, Interest and Penalty for Non compliance of TDS. To Know the TDS Rates see our blog TDS Rate Chart. 1.What do you mean by TDS ? TDS Stands for Tax Deducted At Source. It is one ... Read More »