TDS – How to deposit TDS challan online? Step-wise Images

In this blog, we have explained detailed procedure to deposit TDS online. The tax liability of a person chargeable to tax is determined according to the provisions of the Income Tax Act. Such tax is determined on the total income of a person on an annual basis. Further, the person can discharge his tax liability … Read more TDS – How to deposit TDS challan online? Step-wise Images

All about new Form 26AS (Annual Statement)

All about new Form 26AS (Annual Statement) We all have seen Form 26AS where we check the details of the tax deducted by our employer or by our clients in various sections. Form 26AS shows all the tax deducted from our income or collected on our income. TDS deducted on interest income received on FDs … Read more All about new Form 26AS (Annual Statement)

Tax Collected at Source (TCS) – Payment, Exemption, and Rates

Tax collected at source (TCS) is the tax payable by a seller which he collects from the buyer at the time of sale. Section 206C of the Income-tax act governs the goods on which the seller has to collect tax from the purchasers. Most of these transactions are trading or business in nature. It does not affect the common man. 1. … Read more Tax Collected at Source (TCS) – Payment, Exemption, and Rates