Indian Income Tax

Tax Deduction At Source (TDS)

Nothing is as tangled and knotty as the TDS provisons. While some TDS rates are specified in the individual section which deal with the tax treatment of the particular stream of income, some rates are included as part of a separate schedule. To make matters worse, these rates get tampered and modified every year. This result in so much chaos and confusion, that sometimes those who have to apply TDS, do not have a clue about what rate to use. Imagine the plight of tax payer.

The genasis of the problem lies in the complicated nature of the tax laws. The authorities complain that less than 2% of our population actually pays taxes. However, simpliflying the provisions is not viewed as a possible solution. On the other hand, in an effort to bring more and more people into the tax net, the lawmakers simply endup complicating the law. And the rule is simple more the complexity more the room.

TDS is final tax payable- at the time of filling his returns, the assessee pays the balance if any or asks for refund, as the case maybe. Ergo, it behooves the Department to have a standard uniform rate -convenient both for itself as well as the taxpayers.

The most unfortunate part is that we could have easily done away with any TDS provided the deparrtment had good infrastructure to apprehend assessees avoiding tax only through TDS.

Types of payment, relevant provisions, person responsible for deduction of tax and type of payee.

Rates For TDS In India.

TDS Return.

Tax Deduction Account Number (TAN).

How To Deposit In TDS.

Exemption From TDS.

TDS Exemption For Individual.

Certificate Of Deduction.

No Objection Certificate In TDS.

Special Cases In TDS.

India Tax System
Income Tax
Service Tax
Wealth Tax
Sales Tax
Salary & Perquisites
Gift Tax
Capital Gains
Retirement Benefits
Housing Property
Partnership Firms
VAT In India
Indian Budget 2009-10
Corporate Tax in India
Tax Structure in India
Tax Planning for 2010
Investment In India
Savings Schemes In India
Mutual Funds
FDI in India
Portfolio Management Services
ULIPs or Mutual Funds
Financial Planning Process
Risk and Return Analysis
Financial Instruments for Tax Saving
Estate Planning
Hedge Funds
Emerging Investment Avenues
Equity and Equity Capital
Investment in Art
Investments in Global Markets
Options Trading
Measures for Security and Portfolio Analysis
Current Accounts
Working Capital
NRI Investments
Online Trading
Forex Trading
Day Trading
Types of Banks
Introduction to Depositories
Value and Growth Investing
Stock and Commodity Trading
Finance & Economy In India
Capital Market
Foreign Exchange Market
Fundamental Analysis
Money Market
Reserve Bank of India
Stock Markets
Technical Analysis
Economic Policies
Personal Finance
Corporate Finance
Economy of India
GDP India
Credit Crisis
Financial Ratios
Anti Money Laundering
Regulatory Environment
Financial Intermediaries
Securities and Exchange Board of India
Insurance Regulatory and Development Authority
Money and Its Importance
Role of Banks
Automated Teller Machine
Branch Banking
Internet Banking
Phone Banking and Mobile Banking
Banks as Financial Intermediaries
Demat Account
Demand Deposits
Term Deposits
Retail Loans
Investment Banking
Indian Law
Indian Law

Sitemap | Our Partners