Here are the answers to the quick questions:
1. RetainerhsippaidtoDoctormonthlyRs.2,000 - No TDS as amount is below threshold limit of Rs. 30,000.
2. TVchannelpaysRs.10Lakhasprizemoney - TDS @ 30% as it is winnings from lottery or crossword puzzle.
3. PaymenttoX.LtdRs.50,000/-whichincludespaymentforProfessionalFeesRs.28,000/-&forTechnicalFeesRs.22,000/- - TDS @ 10% on professional fees of Rs. 28,000 and technical fees of Rs. 22,000 separately
20. TIMELIMITFORFURNISHINGRETURNS
Quarter Form24Q Form26Q
1st July15th July15th
2nd October15th October15th
C
A
A
b
h
i
j
i
t
3rd January15th January15th
4th May15th May15th
S
a
w
a
r
k
a
r
24Q–Salary
26Q–OtherthanSalary
14
Index
www.taxguru.in
21. S203:ISSUANCEOFTDSCERTIFICATE
Particulars TDSonSalary TDSonNonSalary
Form FormNo16 FormNo16A
Periodicity Annual Quarterly
DueDateuptowhich 31
st
MayofFollowing 15daysfromduedateof
TDSCertificates relevantFY FurnishingReturn.
Shouldbeissued
•30
th
July
•30
th
October
•30
th
January
•30
th
May
15
Index
www.taxguru.in
43. QUICKQUESTIONS:
Sr. Questions Answer
No.
1. RetainerhsippaidtoDoctormonthlyRs.
?2,000
2. TVchannelpaysRs.10Lakhasprizemoney
?
C
A
towinnerofKBC.
A
b
h
i
j
i
t
3. PaymenttoX.LtdRs.50,000/-which
?
S
a
w
a
r
k
a
r
includespaymentforProfessionalFeesRs.
28,000/-&forTechnicalFeesRs.22,000/-
4. PaymenttoX.LtdRs.2,22,000/-which
?includespaymentforrentofbuildingRs.
1,50,000/-&rentofmachineryRs.72,000/-
30
Index
www.taxguru.in