It’s just that there isn’t a need for an employer (Deductor) to deduct TDS on these kind of withdrawals. In respect of payments to which the TDS provisions apply, the payer has to deduct tax at supply on the funds made by him and he has to deposit the tax deducted by him to the credit of the Government.So can I file the returns on TDS for Assesment year 2013-2014 also now.File your quarterly TDS return with the IT division in accordance to the IT provisions.For details to check which ITR to file – see the post below.
TDS Returns will be filed by way of Tax Raahi in simply 5 steps and in less than 5 minutes.
If the entire income is beneath tax slab, and TDS is deducted, you still should file the return & declare refund.
The quantity I obtain from closing the coverage could also be (or might not be) greater than (less than) the quantity I paid as premium.
I surprised with the research you made to create this actual put up extraordinary. Banks are required to deduct TDS at 10%, if the overall curiosity earned in your fastened deposits in a financial institution branch exceeds Rs 10,000 in a financial year.
Should you declare TDS which isn’t mirrored in 26AS, there are probabilities that you’ll get demand notice for that amount.