Section 206AB: Higher Rate of TDS for non-filers of Income Tax Return
Section 206AB and Section 206CCA – Special provision of TDS and TCS for non-filers of Income Tax Return at Higher Rates.
A New Route of Tax Knowledge
TDS
Section 206AB and Section 206CCA – Special provision of TDS and TCS for non-filers of Income Tax Return at Higher Rates.
FM Smt. Nirmala Sitharaman did not announce any changes in the Income Tax slab but have changed some rules to help ease of compliance for taxpayers.
The basic difference between form 24Q and form 26Q is that Form 24Q is for salary return and Form 26Q is for non-salary return.
Form 16 and 16A both are vary in terms of purpose, eligibility, and where they are applicable
Form 24Q, Form 26Q, Form 27A, Form 16, and Form 16A.
In the last post on TDS, we discussed the due dates for payments of TDS and due dates for the return filing of TDS. If payment of TDS is not made in the specified time or/and return filing of TDS …
If the payment of TDS is not made in time then the same will be charged at the rate of 18% p.a. (i.e. 1.5% per month)
In the month of May 2020, Current TDS rates were revised and cut by 25%. For this, the effective dates are 14 May 2020 and it remains applicable till 31st March 2021