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This is the very first time I frequented your web page and up to now? No TDS from sum payable beneath a life insurance a police (including bonus) to a resident (w.e.f. Nevertheless within the case of Interest on securities (Section 194A), contractors (`194C), commission on brokerage (`194H), Lease (194I) and Charges for professional or technical providers (194J) an individual or HUF should deduct tax at supply provided that the turnover or professional receipts exceed the sum of Rs 1 Crore or 25 lakhs respectively ( the restrict was 60 lakhs or 15 lakhs earlier).
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I can file earnings tax returns only by next March 2015 for the FY 2014-2015.If there may be any discrepancy in the tax truly deducted and the tax credit score being mirrored in Kind 26AS then you must intimate the identical to the deductor and will reconcile the difference.Taxman plans to increase this service to four.4 crore non-salaried taxpayers.Do not expect her to phone you after a date even though you both have a whole lot fun.However, even if one cropped up, experience tells me that it would be a waste of time and money.
Each the federal government and the Tax-payers get benefitted from TDS.