Tax collection at a lower rate under income tax, also known as reduced Tax Collected
CLARIFICATION GIVEN BY THE BOARD IN CIRCULAR NO.13/2021
Circular No. 13/2021, issued by the Central Board of Direct Taxes (CBDT) on June 30,
REFUND/ ADJUSTMENT OF TAX
Definition: A tax refund is a reimbursement of money paid in taxes beyond what you actually
TDS CERTIFICATE FORM NO.16B
Form 16B for Sale of Property: This form is a certificate issued by the buyer of
CLARIFICATION ON FORM NO.24Q
Unfortunately, your question about Form No. 24Q is a bit broad for me to answer
HOW TO OBTAIN REFUND
File your Income Tax Return (ITR): Ensure you file your ITR before the due date
QUATERLY STATEMENT OF TAX DEDUCTION/COLLECTION
A quarterly statement of tax deduction/collection under income tax, also known as TDS/TCS statement, is
TIME OF DEPOSIT OF TDS / TCS
Who is deducting/collecting the tax: Government office: If the tax is deducted/collected by an office of
DEDUCTIONS OF TAX ON BENEFIT /PERSQUISITE PERTAINING TO BUSINESS/PROFESSION [SEC.194R, APPLICABLE FROM JULY 1, 2022]
Section 194R of the Income Tax Act, 1961, introduced in July 2022, mandates the deduction
TDS ON PAYMENT OF CERTAIN AMOUNTS IN CASH [SEC.194N, APPLICABLE FROM SEPTEMBER 1, 2019
Section 194N of the Income Tax Act, 1961, introduced in September 2019, mandates Tax Deduction