Complete TDS with e-Filing

Includes

Duration: 8 days (Avg)
Chapters: 63
Total Hours: 07:47

Features

Full lifetime access
Access on mobile
Assignments
Certificate of Completion

Overview

Course Description

What you'll learn :

PAN Application,TAN Application
Deduction under sec.192 to 196
Deposit challan 281
TDS Return 24Q / 26Q / 27Q / 27EQ
Form 16/16A
Lower deduction
Interest & Penalty calculation

e-TDS return is a TDS return prepared in form No. 24, 26 or 27 in electronic media as per prescribed data structure in either a floppy or a CD ROM. The floppy or CD ROM prepared should be accompanied by a signed verification in Form No. 27A.

The concept of TDS was introduced with an aim to collect tax from the very source of income. As per this concept, a person (deductor) who is liable to make payment of specified nature to any other person (deductee) shall deduct tax at source and remit the same into the account of the Central Government. The deductee from whose income tax has been deducted at source would be entitled to get credit of the amount so deducted on the basis of Form 26AS or TDS certificate issued by the deductor.

Rates for deduct of tax at source

Taxes shall be deducted at the rates specified in the relevant provisions of the Act or the First Schedule to the Finance Act. However, in case of payment to non-resident persons, the withholding tax rates specified under the Double Taxation Avoidance Agreements shall also be considered

How to pay Tax Deducted/Collected at source?

Tax deducted or collected at source shall be deposited to the credit of the Central Government by following modes:

1) Electronic mode: E-Payment is mandatory for

All corporate assesses; and
All assesses (other than company) to whom provisions of section 44AB of the Income Tax Act, 1961 are applicable.

2) Physical Mode:

By furnishing the Challan 281 in the authorized bank branch

The legal provisions for filing electronic tax deductible at source (e-TDS) returns in India are given under the Income Tax Act, 1961. These provisions are applicable to all entities required to deduct tax at source on payments made to residents and non-residents.

What you'll learn

Accountant, Data Entry operater

Requirements

Basic of computer

Course Content

63 Lessons | 07:47 Total hours

Complete TDS with e-Filing

Introduction of Tax-Taxes in India