An employer issues this Form. It contains the evidence of TDS which is deducted from your salary and deposited with authorities. Issued annually on or before June 15 of every year, the Form contains ...
How do I deduct TDS and submit the same for a housing property bought from an NRI? Answer: As per the provisions of Section 195 of Income Tax Act, any person who pays any sum of money which is ...
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Paying Rs 55,000 rent on time could not save salaried taxpayer from Rs 1 lakh penalty for missing TDS, know why
Recently , Abhishek, a salaried person who was living in a rented house, was asked to pay a tax penalty of Rs 1 lakh by the income tax department. Even though this penalty was discretionary, it was ...
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