WebState Bank of India - Personal Banking You are here: Online Tax Payment Online Tax / … WebApr 10, 2024 · Deducting TDS on Rent Payments: If the rent paid exceeds a specific threshold, the tenant must deduct tax at source (TDS) at a 10% rate under Section 194-IB of the Income Tax Act. If the total ...
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Web2 days ago · Payment confirmation: - Ensure that the Challan Identification Number (CIN) has been provided on the counterfoil issued after successful payment of tax. Challan Identification Number (CIN) comprises of the following. {a} Seven digit BSR code of the bank branch where tax is deposited. {b} Date of Deposit (DD/MM/YY) of tax. Web52 minutes ago · The Apex Court ruled that no penalty will be levied under Section 271C of IT Act 1961 on merely delay in remittance of TDS after it has been deducted by the assesse. The Apex Court said that under Sections 201(1A) and 276B of the Act, Parliament has specifically provided the consequences of non-payment/belated remittance of the TDS. concrete screed vs concrete
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