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Complete TDS with e-Filing

Tax deduction and collection at source is the very important part of Income Tax. Every Accountant should have knowledge of TDS and TCS practical work. Basically this is a system introduced by Income Tax Department, where person responsible for making specified payments such as professional fees, commission, works contract, advertisement, interest, rent, salary, etc. is liable to deduct a certain percentage of tax before making payment. In this course we have covered all the aspects of practical work as required for practical work. All the contents of this course are also a part of our Online Trianing Course. If you want to learn only TDS/TCS work you can enroll in this course

Includes

  • course Chapters: 63
  • course Total Hours: 07:47 Hours

Features

  • course Full lifetime access
  • course Access on mobile
  • course Assignments
  • course 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 Hours
About the instructor
4.5 Instructor Rating
course

9 Courses