Search results
Results from the WOW.Com Content Network
No TDS shall be deducted if the single-time payment to the contractor does not exceed RS. 35000 or Rs. 1,00,000 in aggregate during the year. TDS Can be deducted when the date of actual payment of cash or the date of crediting the sum to the payee's account or the date of issue of cheque, draft, or by any other mode, whichever is earlier.
As per Article 112 of the Indian Constitution, it is a compulsory task of the government. [3] The first budget of India was presented on 18 February 1860 by Scotsman James Wilson. [ 4 ] The first Union Budget of Independent India was presented by R. K. Shanmukham Chetty on 26 November 1947.
The practice of paying taxes in advance rather than in a single sum at the end of the fiscal year is known as advance tax. These taxes, often known as the 'pay-as-you-earn' scheme, is paid on tax bills above ₹10,000 in installments instead of as a lump sum. The schedule of advance tax payment for individual and corporate taxpayers are:
CHICAGO (AP) — Telephone & Data Systems Inc. TDS) on Friday reported a loss of $66 million in its third quarter. On a per-share basis, the Chicago-based company said it had a loss of 73 cents.
Various forms are ITR 1, ITR 2, ITR 3, ITR 4, ITR 5, ITR 6 and ITR 7. When you file a belated return, you are not allowed to carry forward certain losses. [1] The Income Tax Act, 1961, and the Income Tax Rules, 1962, obligates citizens to file returns with the Income Tax Department at the end of every financial year. [2]
Le'Veon Moss was asked if he thought No. 25 Texas A&M shocked ninth-ranked Missouri after his big game propelled the Aggies to a rout Saturday. Moss ran for a career-high 138 yards with three ...
For premium support please call: 800-290-4726 more ways to reach us
Most withholding tax systems require withheld taxes to be remitted to tax authorities within specified time limits, which time limits may vary with the withheld amount. Remittance by electronic funds transfer may be required [19] or preferred. Penalties for delay or failure to remit withheld taxes to tax authorities can be severe. [20]