Payment of TDS on sale of property & File Form 26QB
TDS on sale of immovable property as per section 194 IA is implemented As per Finance Bill of 2013.The section is exempted for transactions below 5000000.00 ( Fifty lakhs) with effect from June 1, 2013, Tax @ 1% should be deducted by the purchaser of the property at the time of making payment of sale consideration. In… (0 comment)

TDS on sale of property section 194IA
As per section 194IA, TDS  on sale of property was introduced in the year 2013-14 budget with view of eliminating evasion of tax. The main purpose of introduction of this section is to improve under valued and under reporting property sales across the country.So as to increase the tax revenue  through capital gains by the… (1 comment)

Section 194I  TDS on rent,rate 10%
TDS is a bit difficult subject for a beginner in the taxation field, There are many sections of TDS under Income tax rule.TAXIN has simple tutorials on all TDS sections that every Beginner can understand. What is TDS on Rent? Examples will help you understand things easily, so Let’s Begin with an example. X company runs… (1 comment)

Section 192 TDS on Salary rate and computation
When a person/Employer is paying Income Under head ‘salary‘,he is responsible for deducting TDS on an average rate of income tax (check the bottom of the post for average rate computation example)based on the prevailing rate during the Financial Year by considering  the estimated Income of assessee. All Employers making such payments like Individual,HUF,Partnership Firms,Companies,Co-operative societies, trust, artificial… (11 comments)

How To Make TDS Payment Online?
Tax Deducted at Source should be deposited to the government on or before the time limit declared by the Income tax department. Late payment cost you interest and penalty. Usually TDS Collected shall be be deposited on or before 7th of subsequent month. TDS Payment Due date chart In this post let’s discuss how to… (1 comment)

TDS Payment Due Dates for Govt: & Non Govt Assessees
The person who is liable to deduct TDS shall be deposited to the government on time. Timely payment ensure the statutory complaints and avoid penalties and fine .Here is the TDS payment chart for both Govt assesses and non Govt: Assesses. Important Points to be Noted for TDS Payment All sum deducted without treasury challan… (0 comment)

Due date for filing tds return FY 2016-17
As you know Late filing of TDS return attract Late filing fee, Interest and penalty. So let’s do it in time so as to avoid such extra burdens. Here is the list of due date of filing TDS return. Govt has brought uniformity in filing TDS return for all types of Detectors from FY 2016-17.… (0 comment)

TDS Rate Chart for FY 2018-19
Here is the Latest TDS Rate chart applicable for the Financial Year (FY) 2018-19 or for the assessment year (AY) 2019-20. The rate is after considering the changes in Budget of 2018. Please read with the following points along with the TDS rate chart of  each section mentioned. Section 192 A : In case withdrawal of… (0 comment)