FOREX TRADING

The implications of Direct Tax Code on deduction under section 80c is an interesting topic of debate. The impact on DTC on section 80c migth be true or not because it is not implemented yet. So it is really hard to say anything about this provision on section 80c.However, still I would like to mention something that will be in all probability implemented in new DTC. Currently available section 80c for repayment of the housing loan might be continued. In the new provision the deduction in equity linked saving scheme might not be continued .

TDS rates as given in the income tax act should be followed for deducted tax at source. TDS rates are different. TDS rates are different for TDS on rent and it is different for TDS on salary. If an employer is giving salary then he must deducted TDS if the salary given or to be given is more than the maximum amoutn exempt from tax. For a complete guide on TDS Rates you must refer to tdsrates.in This is one place where all the information on TDS and its related sections can be found out.

TDS full form is tax deducted at source and rates of TDS are very important for any accountant.