FAQs - NGO sector/Charitable Trusts/Charitable Societies
What is TDS?
Ans 1. TDS is one of the modes of collection of taxes, by which a certain percentage of amounts are deducted by a person at the time of making/crediti...Read More
Who shall deduct tax at source?
Ans 2. Every person responsible for making payment of nature covered by TDS provisions of Income Tax Act shall be responsible to deduct tax. ...Read More
Explain the specified services on which TDS is required to be deducted and the rate at which TDS is required to be deducted?
TDS RATE CHART Sr No. Section Of Nature of Payment in brief Cut Off Amount Rate % ...Read More
What is the due date of depositing TDS and TDS returns?
As a common rule tax is to be deposited within 7th of the immediate next month after deduction. However March tax is to be deposited by 30th April of ...Read More
What are the penal provisions for non compliance of TDS provisions?
Consequences of failure to deduct or pay tax are contained in provisions of section 201, 234, 271, 276 of the Act. Summary of consequences wi...Read More