TDS RETURNS
The TDS declaration must be presented by anyone subject to withholding tax at source.TDS declaration is a quarterly return that must be filed with the Income Tax Department of India. Filing a TDS return is required if you are a withholding. It must contain all the details of the TDS deducted and filed by you for a particular quarter.
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ABOUT TDS RETURNS
The TDS declaration must be presented by anyone subject to withholding tax at source.TDS declaration is a quarterly return that must be filed with the Income Tax Department of India. Filing a TDS return is required if you are a withholding. It must contain all the details of the TDS deducted and filed by you for a particular quarter. The first requirement for filing a TDS return is obtaining a valid TAN (Tax Withholding Account Number). You need to evaluate whether you should deduct TDS for any payments.
Usually all types of payments like salary, interest, professional fees, payments to contractors, rental of machinery, rental of buildings, etc. covered by liability payments.There are prescribed rates for each type of TDS payment under the Income Tax Act 1961. To kickstart the economy and help taxpayers as the COVID-19 crisis unfolds in India, FM Minister announced on May 13, 2020, the new rate of TDS by 25% reduction. for self-employment. This reduction will apply for the remainder of fiscal year 202021. These new rates will be in effect from May 14, 2020 to March 31, 2021.
Frequently Asked Questions
If you are still thinking about opting for GSTBOY.COM for your loved ones, you can always check out the common queries about our service and support.
Any Indian Citizen and a Resident of India
Yes, you are personally liable for your sole proprietorship.
In the eye of tax laws, you and your proprietorship are the same entity
It is cheapest business type than other business formations. It is least complex to form and not much law compliances