PPT-Tax Deduction at Source

DDOs Role Office of the Principal Chief Controller of Accounts Central Board Excise Customs Department of Revenue Ministry of Finance DGACR Building IP Estate New Delhi110002 OVERVIEW OF TDS. It must also be made to one of the following 1 501c3 An organization created in the US for one of the following purposes a Religious b Charitable c Educational d Scientific e Literary f Prevention of cruelty to children or animals 2 501c23 War veter Of Principal . amount. . of Housing loan and Its Interest Component. Deduction under SEC-80C. (Only For Principal Loan Repayment). Principal repayment component of up to Rs. . 1,50,000. . (. Rs. . 2,00,000 . . This deduction allows a Zone business to deduct the . increase. . in assessed value. from a . “qualified investment”. in . real or personal property. for up to 10 years. . Investment Deduction. [. TDS]. PROVISIONS UNDER THE . GST LAWS. WHAT IS TDS IN GST ? . As per provisions of Section 51 . of the GST Law. TDS stands for . “. Tax . Deducted . at Source. ”.. As per the provisions of the GST Law, TDS has to be deducted from the payment made to a supplier against both intra-state & inter-state supply of taxable goods or services or both. [. TDS]. PROVISIONS UNDER THE . GST LAWS. WHAT IS TDS IN GST ? . As per provisions of Section 51 . of the GST Law. TDS stands for . “. Tax . Deducted . at Source. ”.. As per the provisions of the GST Law, TDS has to be deducted from the payment made to a supplier against both intra-state & inter-state supply of taxable goods or services or both. Topics for today. 1.. Key provisions of the new law. 2. . Planning considerations and strategies. Key provisions. Highlights of the new tax law. Lower marginal tax rates for individuals, estates, and businesses. Good, the Bad and the Ugly. Heard at the Water Cooler. Charitable giving is higher when economy is doing . better?. Most donors do not give solely because of tax . benefits?. Donors who are motivated by tax benefits may be inclined to reduce their charitable . for Stakeholders - Updated 3 / 18 /202 1 MAGI Deductions Guide for Stakeholders These deductions are only allowable when they belong to someone in the tax filing unit or in the household (for non General Information: This form is used to start, stop and change payroll deduction or direct deposit for account holders that be additional forms that may need to be completed to fulfill your request November2019Page 1of 3Qualified Business Income DeductionScopeTax returns having income that exceedsthe thresholdsare out of scope For 2019 the thresholds are 160700for single or head of household1607 INCOME FROM HOUSE . PROPERTY. Sec 22 - 27. Content. INTRODUCTION. When an assessee earns any income from a house property, it is taxed under the head . ‘Income from house property’. as per the Income Tax Act. Tax calculation on such income varies depending on the type of house property & several other factors.. ON 27 SEPTMBER 2019. Aurangabad . Chapter. . CMA SURESH PIMPLE. . B.Sc. (Hons) FCMA DISA&C . What is TDS ?. Tax Deducted at Source is a . mean . of collecting income tax in India, under the Indian Income Tax Act of 1961. Any payment covered under these provisions shall be paid after . By. CMA S. VENKANNA. Section 30 to 37 of IT Act 1961. Sec.30 – Expenses on Business Premises. Sec.31 - Expenses on Plant and Machinery. Sec.32 - Depreciation. Sec.32AD – Investment Allowance. Sec.33AB – Tea / Coffee / Rubber Development Account. Kamila Sommer . Board of Governors of the Federal Reserve System. Prepared for the NTA Spring Symposium. May 17, 2018. The . views expressed herein are those of the individual authors and do not necessarily reflect the views of the Federal Reserve Board of Governors, its members, or its staff..