In the recent announcement as published in the NSDL-TIN web portal, from the FY 2010-11, instead of printing the Provisional Receipt No. (as provided in the Acknowledgement received on of submission of the TDS return), the Receipt No. is to be printed.
Receipt number to be quoted in Form 16/16A will be generated by TIN. The Receipt number [...]
View the complete document of TDS / TCS rates for Financial Year 2010-11 from the following link:
TDS-TCS-rates-FY-2010-11
Companies will soon be able to view the Tax Deduction at Source (TDS) returns filed by them online, and make any changes if required. They can correct any clerical errors such as quoting a wrong TAN or PAN number.
Mr Ravi Aggarwal, Directorate-General of Income-tax (Systems), said here on Saturday that from next [...]
The Central Board of Direct Taxes (CBDT) have amended the Rules relating to TDS provisions date and mode of payment of tax deducted at source (TDS), TDS certificate and filing of ‘statement of TDS’ (TDS return) vide Notification No. 41/2010; SO No. 1261(E) dated 31.05.2010. The amended rules will apply only in respect [...]
As per new provision of tax deduction at source (TDS) under the Income Tax Act 1961 effective from April 1, 2010, TDS at higher of the prescribed rate or 20% will be deducted on all transactions liable to TDS, where the Permanent Account Number (PAN) of the deductee is not available.
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