Jul 17, 2014
Budget 2014 - Changes in Provisions Related to Tax Deduction at Source (TDS)
Budget 2014 – Changes in Provisions Related to Tax Deduction at Source (TDS)
Under Chapter XVII-B of the Act, a person is required to deduct tax on certain specified payments at the specified rates if the payment exceeds specified threshold. The person deducting tax (‘the deductor’) is required to file a quarterly statement of tax deduction at source (TDS) containing the prescribed details of deduction of tax made during the quarter by the prescribed due date. (more…)
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