Tally Knowledge

[...] has issued Circular No. 163/14/2012-ST dated 10th July, 2012 on the issue of levy of service tax on activities involved in the inward remittance. This clarification covers the... [[ This [...]

[...] Renting of a building for a hotel, is not liable to Service tax under ‘Renting of immovable property’ services Jai Mahal Hotels (P.) Ltd. Vs. Commissioner of [...]

[...] Tax collections from service tax, first introduced in 1994, will cross customs and excise duties for the first time in financial [...]

[...] / SUB-BROKERSVide Notification No. 03/2014-ST dated 03.02.2014, a retrospective exemption from service tax payable on the services provided by an authorized person or... [[ This is a content summary [...]

[...] As per the records of the Central Processing Cell (TDS), you have filed TDS Statements for Q1, FY 2013-14, however, no TDS Statements have been filed for the said Quarter in FY [...]

[...] CPC (TDS) has issued a communication to all deductors who have filed TDS Statements  for Q1, FY 2014-15 but not filed yet for Q2 as of November 1, 2014.The issued communication [...]

[...] issued an advisory communication to the deductors stating about the verification of PAN in TDS Statements filed for FY 2011, 2012 and 2013. The issued communication has been given... [[ This is a [...]

[...] ) has observed substantial cases of mismatch in Book Identification Number (BIN) in Quarterly TDS Statements. As you may be aware that at the... [[ This is a content summary only. Visit my website for [...]

[...] Deduction u/s. 80C for tuition / school fees paid for education of childrenWho is Eligible: Deduction for  [...]

Deduction in respect of interest on loan taken for residential house property [Section 80EE, applicable from assessment year 2014-15] The provisions o [...]

In computing total income, an assessee is allowed a deduction in respect of expenditure towards payment of rent for any furnished or unfurnished accom [...]

Deduction in respect of certain donations for scientific research or rural development An assessee (other than an assessee whose gross total income [...]

[...] that though deductors have reported deductees with more than Rs. 50,000 of TDS in Quarterly TDS statements, but the PANs are either... [[ This is a content summary only. Visit my website for full [...]

[...] to deductors in which it has stated about a significant change in processing of Quarterly TDS Statements. The central point in the new process is identifying... [[ This is a content summary [...]

[...] (TDS) has observed substantial cases of mismatch in Book Identification Number (BIN) in Quarterly TDS Statements. As you may be aware that at the... [[ This is a content summary only. Visit my website [...]

Can BIN details be corrected through online correction?Yes, BIN details in the statement can be corrected through “Challan Correction” option unde [...]

No filing or Late filing of TDS returns or TDS statement shall invite 2 penal consequence 1.Fee for late filing U/s 234E and 2. Penalty for late f [...]

[...] We have share a very important judgement on Section 234E fine for late filing of TDS Return with our viewersRashmikant Kundalia vs. UOI (Bombay High Court), WRIT PETITION NO.771 OF 2014, [...]