Missed december deadline for advance tax

Tax queries 839 views 32 replies
Originally posted by : Raj C Doshi
Which means you collect 1236 from client and pay the same to govt. You get your 10000 in full. Also for book - keeping and other compliances is best to hire freelancing accountant having knowledge of all things like tds, voucher making, etc.

I have got many confirmations that since the money I get from Israel based companies which have no office in India, I need not pay service tax (as I don't collect any service tax from them).

Any info on how to find such freelancers for book keeping?

TDS deducted from the freelancers payments can be claimed by filing income tax return. You deposit the amount deducted to the government on their behalf. After adjusting tax payable, if there is excess tds, it is refunded back to freelancer.
Originally posted by : Raj C Doshi
TDS deducted from the freelancers payments can be claimed by filing income tax return. You deposit the amount deducted to the government on their behalf. After adjusting tax payable, if there is excess tds, it is refunded back to freelancer.

Earlier posts say that TDS need not be deducted in first year of operation. From second year onwards i need to deduct

 

Dhaval earlier said this:

No requirement of deduction of Tds if you we're not liable to audit in the preceding year. And in the next year it is advised to apply for TAN and start deducting Tds from the start.

 


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