TDS Rates for Non-Residents u/s 195 of Income Tax Act, 1961

	Nature of Payment	Co.	Others
1.	Long Term Capital Gains u/s 115E	NA	10%
2.	Other Long Term Capital Gains (excluding u/s 10(33), 10(36) & 10 (38))	20%	20%
3.	Short Term Capital Gains u/s. 111A	15%	15%
4.	Investment income from Foreign Exchange Assets	NA	20%
5.	Interest payable on moneys borrowed or debt incurred in Foreign Currency	20%	20%
6.	Royalty & Fees for technical services u/s. 115A - Agreement 1st June, 1997 to 31st May, 2005 - Agreement on or after 1st June 2005	20% 10%	20% 10%
7.	Winnings from Lotteries, Crossword Puzzles and Horse Races	30%	30%
8.	Any Other Income	40%	30%

Surcharge & Education Cess

Type of Payment	Surcharge	Rate	Education Cess (4.00%)
Payment to Non-Residents (other than Cos)	Upto 1cr	Nil	Yes
Payment to Non-Residents (other than Cos)	> 1 Crore	15%	Yes
Payments to Foreign Co.	Upto 1cr	Nil	Yes
	> 1 Crore	2%
	> 10 Crores	5%

Interest on delay in deposit of tax after deduction

Stage of deduction	Upto 30th June 2010 (Rate per month or part of the month)	From 1st July 2010(Rate per month or part of the month)
From date when deductible till actual deduction	1%	1%
From date of deduction till payment	1%	1.5%

News Section

News

25 Apr 24
All Details About Accounting Systems with its Diverse Scopes
Telangana GST AAR: Rent from Government Boys Hostel Taxable Under Law
Same GST Invoice Number on Multiple E-way Bill? Madras High Court Quashes an Assessment Order
TDS Deductions Not Evaluated on Payments to Medical Machine Maintenance: ITAT Delhi Orders Fresh Adjudication
24 Apr 24
urnover Discrepancy in GSTR 3B and Form 26AS: Madras HC Rejects Tax Demand Order on Condition
Gujarat HC: Technical Glitch Won’t Sink GST Appeal: Order Copy Delay No Reason for Rejection
ITAT Surat: WhatsApp Pics Alone Don’t Prove Income Without Verification
23 Apr 24
Chhattisgarh High Court Directs Additional GST Refund on Work Contracts
Delhi ITAT: Entries in a Manual Cash Book for Cash Withdrawals are Not Sufficient for Tax Additions
Telangana High Court Rejects Unsigned GST Order Due to Lack of Justification
Rajasthan HC: ‘Mens Rea’ is An Essential Element To Establish Delayed ITR Offense
22 Apr 24
Telangana AAR Decides 5% GST Rate for Teicoplanin and Caspofungin Medicines
Telangana AAR: 28% GST Rate on Rental / Leasing Charges for Industrial Equipments
Bombay High Court Permits Total Interest on Tax Refund to CEAT
21 Apr 24
All About DGGI and Its Role in Preventing GST Evasion
Delhi HC Overturns Retroactive Cancellation of GST Registration for Discontinued Business
No Hearing Opportunity Given Due to Failure to Click Button, Madras HC Cancels Faceless Order
20 Apr 24
Madras HC: Registered Persons Must Monitor the GST Portal, Can’t Be Absolved of Responsibility
ITAT Mumbai: Form 16 or 26 AS Important for Claiming TDS Credit
Ahmedabad ITAT: ITR Filing Must be Done on Time to Claim Tax Benefit U/S 80IB(10)
19 Apr 24
No GST payable on Amount recovered from Permanent Employees for Canteen Facility provided by Employer: AAR
Bengaluru CPC to observe Income Tax Grievance Redressal Month
GST Registration cannot be Cancelled merely Because a taxpayer has not filed returns for some Period: Delhi HC
15 Apr 24
Delhi HC Sets 5% IGST Rate on the Import of Dialysis Machines
GST \| Companies Starts Shifting Towards Appellate Authority After Receiving Tax Notices
CBDT Embarks a Strong Drive for Targeting 1.52 Crore Non-ITR Filers
14 Apr 24
Allahabad HC Imposes Penalty on Tax Evasion U/S 54(1)(2) of the UPVAT
Madras HC: Petitioner Receives Opportunity Due to GSTR-1 Turnover Reporting Error
SC Grants Relief to GST Officials By Removing Gujarat HC’s Critical Comments
13 Apr 24
Orrisa HC: GST Officer Can Open Web Portal for e-Filing If Assessee Fulfilled All Dues
Bombay High Court Deletes Order Against Wife When the Alleged Investment Was Done by Her Husband
Expert Panel for addressing queries related to Statutory Audit pertaining to auditing aspects
09 Apr 24
ITC Fraud: DGGI Recovers More Than 12% of the GST Dues in FY 2023-24
Jharkhand HC Permits Revocation Application of Cancelled GSTIN After Expiration of Time Limit
State and Center Officials Will Drive GST Audit to Stop Dual Investigations
Income Tax Department Clarifies: No Special Drive To Reopen HRA Mismatch Cases
08 Apr 24
Non-issuance of Notices in Case of Voluntary Compliance under Sections 73 and 74 of the KSGST Act, 2017
New Forms Released for Aircraft and Ship Leasing Businesses, Including Dividend Exemption
GSTN Adds New Feature to Table 12 for Detailed Outward Supplies Summary by HSN Codes
RBI Keeps Repo Rate Unchanged At 6.5%
07 Apr 24
Andhra Pradesh AAR: 18% GST Exempt on Brokerage Charges on Agriculture Products
GST Authority Imposes a Penalty of INR 605 Cr on Hero Motocorp
06 Apr 24
Late ITR Filing Delays TDS Refund: Madras HC Instructs to Submit Application U/S 119(2)
Madras High Court: Deemed Reconciling the Differences in GSTR 3B and GSTR 2A/2B for ITC claim
CBIC Chief: Indirect Tax Collection for the FY 2023-24 Beats Revised Estimates by a Good Margin
05 Apr 24
CBDT Enables Functionalities to File ITRs for AY 2024-25 w.e.f 1st April 2024
Bombay HC Overturns ?3,731 Crore GST Demand via SCN Against Employees
Biometric-Based Registration Helps to Reduce Fake GST Registration in Gujarat
01 Apr 24
Illegal PAN for Bogus HRA Claims: Income Tax Dept to Take Action against Employees
ITR-1, ITR-2 and ITR-4 Now Offer Online Filing with Prefilled Data on Income Tax Portal

25 Apr 24

All Details About Accounting Systems with its Diverse Scopes

Telangana GST AAR: Rent from Government Boys Hostel Taxable Under Law

Same GST Invoice Number on Multiple E-way Bill? Madras High Court Quashes an Assessment Order

TDS Deductions Not Evaluated on Payments to Medical Machine Maintenance: ITAT Delhi Orders Fresh Adjudication

24 Apr 24

urnover Discrepancy in GSTR 3B and Form 26AS: Madras HC Rejects Tax Demand Order on Condition

Gujarat HC: Technical Glitch Won’t Sink GST Appeal: Order Copy Delay No Reason for Rejection

ITAT Surat: WhatsApp Pics Alone Don’t Prove Income Without Verification

23 Apr 24

Chhattisgarh High Court Directs Additional GST Refund on Work Contracts

Delhi ITAT: Entries in a Manual Cash Book for Cash Withdrawals are Not Sufficient for Tax Additions

Telangana High Court Rejects Unsigned GST Order Due to Lack of Justification

Rajasthan HC: ‘Mens Rea’ is An Essential Element To Establish Delayed ITR Offense

22 Apr 24

Telangana AAR Decides 5% GST Rate for Teicoplanin and Caspofungin Medicines

Telangana AAR: 28% GST Rate on Rental / Leasing Charges for Industrial Equipments

Bombay High Court Permits Total Interest on Tax Refund to CEAT

21 Apr 24

All About DGGI and Its Role in Preventing GST Evasion

Delhi HC Overturns Retroactive Cancellation of GST Registration for Discontinued Business

No Hearing Opportunity Given Due to Failure to Click Button, Madras HC Cancels Faceless Order

20 Apr 24

Madras HC: Registered Persons Must Monitor the GST Portal, Can’t Be Absolved of Responsibility

ITAT Mumbai: Form 16 or 26 AS Important for Claiming TDS Credit

Ahmedabad ITAT: ITR Filing Must be Done on Time to Claim Tax Benefit U/S 80IB(10)

19 Apr 24

No GST payable on Amount recovered from Permanent Employees for Canteen Facility provided by Employer: AAR

Bengaluru CPC to observe Income Tax Grievance Redressal Month

GST Registration cannot be Cancelled merely Because a taxpayer has not filed returns for some Period: Delhi HC

15 Apr 24

Delhi HC Sets 5% IGST Rate on the Import of Dialysis Machines

GST | Companies Starts Shifting Towards Appellate Authority After Receiving Tax Notices

CBDT Embarks a Strong Drive for Targeting 1.52 Crore Non-ITR Filers

14 Apr 24

Allahabad HC Imposes Penalty on Tax Evasion U/S 54(1)(2) of the UPVAT

Madras HC: Petitioner Receives Opportunity Due to GSTR-1 Turnover Reporting Error

SC Grants Relief to GST Officials By Removing Gujarat HC’s Critical Comments

13 Apr 24

Orrisa HC: GST Officer Can Open Web Portal for e-Filing If Assessee Fulfilled All Dues

Bombay High Court Deletes Order Against Wife When the Alleged Investment Was Done by Her Husband

Expert Panel for addressing queries related to Statutory Audit pertaining to auditing aspects

09 Apr 24

ITC Fraud: DGGI Recovers More Than 12% of the GST Dues in FY 2023-24

Jharkhand HC Permits Revocation Application of Cancelled GSTIN After Expiration of Time Limit

State and Center Officials Will Drive GST Audit to Stop Dual Investigations

Income Tax Department Clarifies: No Special Drive To Reopen HRA Mismatch Cases

08 Apr 24

Non-issuance of Notices in Case of Voluntary Compliance under Sections 73 and 74 of the KSGST Act, 2017

New Forms Released for Aircraft and Ship Leasing Businesses, Including Dividend Exemption

GSTN Adds New Feature to Table 12 for Detailed Outward Supplies Summary by HSN Codes

RBI Keeps Repo Rate Unchanged At 6.5%

07 Apr 24

Andhra Pradesh AAR: 18% GST Exempt on Brokerage Charges on Agriculture Products

GST Authority Imposes a Penalty of INR 605 Cr on Hero Motocorp

06 Apr 24

Late ITR Filing Delays TDS Refund: Madras HC Instructs to Submit Application U/S 119(2)

Madras High Court: Deemed Reconciling the Differences in GSTR 3B and GSTR 2A/2B for ITC claim

CBIC Chief: Indirect Tax Collection for the FY 2023-24 Beats Revised Estimates by a Good Margin

05 Apr 24

CBDT Enables Functionalities to File ITRs for AY 2024-25 w.e.f 1st April 2024

Bombay HC Overturns ?3,731 Crore GST Demand via SCN Against Employees

Biometric-Based Registration Helps to Reduce Fake GST Registration in Gujarat

01 Apr 24

Illegal PAN for Bogus HRA Claims: Income Tax Dept to Take Action against Employees

ITR-1, ITR-2 and ITR-4 Now Offer Online Filing with Prefilled Data on Income Tax Portal

Due Date Reminder

Jan	Feb	Mar	Apr	May	June
July	Aug	Sep	Oct	Nov	Dec
All

28 Apr 24 Return for March by persons with Unique Identification Number (UIN) like embassies etc to get refund under GST for goods and services purchased by them.

30 Apr 24 Yearly Details of Invoice wise Outward supplies & Consolidated inward supplies for FY 23-24 by Composition taxpayer.

30 Apr 24 Taxpayers with Turnover upto Rs 5 Crores in 2023-24 can opt in or opt out of QRMP Scheme from April-June quarter. Those already availing the scheme not required to reapply.

30 Apr 24 Payment of TDS Deducted in March (both Salary & non-salary)

30 Apr 24 Details of Deposit of TDS/TCS of March by book entry by an office of the Government.

30 Apr 24 Deposit of TDS u/s 194-IA on payment made for purchase of property in March.

30 Apr 24 Deposit of TDS u/s 194-IB @ 5% on total payment of Rent more than 50,000 pm by individual or HUF (not liable to tax audit) during FY 23-24. (In case of termination of lease during the year, TDS is to be deposited by last day of the next month).

30 Apr 24 Deposit of TDS on certain payments made by individual/HUF u/s 194M for March.

30 Apr 24 Deposit of TDS on Virtual Digital Assets u/s 194S for March.

30 Apr 24 ?Uploading declarations received in Form 15G/15H for Mar quarter.

30 Apr 24 ?e-filing of declarations containing particulars of Form 60 received during October - March.

30 Apr 24 Disclosure of dues of more than 45 days to MSME Suppliers by companies from October to March of FY 2023-24.

30 Apr 24 Opening of Bank Account for Un-spent CSR Account and transfer of unspent CSR amount to that account (For Cos to whom CSR is applicable)

30 Apr 24 Annual Return of Dormant Company for FY 2023-24.

30 Apr 24 Half-yearly return by Nidhi Companies for October to March.

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