News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
Direct Tax »
 Section 194A – TDS on interest other than interest on securities
 File Income Tax return before last date and avoid these consequences ITR filing
 Claiming tax refund in your ITR? Don't forget to pre-validate your bank account
 Section 193 – TDS on Interest on Securities
 If you miss to file return by due date, you will be penalised, even get jailed
 Don’t blindly rely on pre-filled ITR Form; correct discrepancies, if any before submission
  Notification No. 52/2019 Central Board Of Direct Taxes
 I-T Department cautions employees on Form 16
 Notification No. 52/2019 Central Board Of Direct Taxes
 Notification No. 52/2019 Central Board Of Direct Taxes
 Government working to create trust between taxpayer, I-T dept, but due taxes must be paid: CBDT

CBDT grants TDS exemption on payments towards financial services provided by banks
January, 05th 2013

The Central Board of Direct Taxes (CBDT) has granted individuals, firms and corporates using financial services offered by banks from tax deduction at source (TDS) on the payments of certain categories, in order to mitigate compliance burden on businesses.

Payment towards bank guarantee commission, cash management service charges, depository charges on maintenance of demat accounts, charges for warehousing services for commodities and underwriting service charges made to the banks can be made without TDS with effect from 1 January 2013, CBDT said in a notification issued today.

The notification also facilitates payment without TDS of credit/debit card commission on transaction between the merchant establishment and acquirer banks. This will also positively impact the use of plastic money in the economy, the notification said.

CBDT said the notification would obviate the uncertainties about the applicability of specific TDS provisions on the payments mentioned above and consequent litigation.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2019 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
SEO Company Search Engine Optimization Company US SEO Local SEO Company Website SEO Company Alabama SEO Company Alaska SEO Company Arizona SEO Company Arkansas SEO Company California SEO Company Colorado SEO Company Connecticut SEO Company Delawa

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions