TDS reimbursement
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TDS reimbursement involves deducting tax at source from payments made to merchants and remitting it to the government. The deductee receives credit for the TDS amount based on Form 26A or TDS certificate. Form 16A providing TDS details will be provided by the merchant's CA. TDS is filed on a quarterly basis. Documents required for reimbursement include Form 16A and commission invoice. Processing time for reimbursement is 25 working days if details are correct. Certain fees like marketing fees and PG fees have a TDS rate of 5% while logistic charges have 2% rate. Merchants must file TDS on behalf of the specified company and TDS amount must match certificate for reimbursement.
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Tds return
The person who is deducting the TDS called a deductor has to deposit it to the government and the form of a TDS return need to be filled with all the details. A TDS return has to be filed on quarterly basis and penalty will be applied in case of not doing so.
Due dates for filing returns:
The returns have to be filed for every quarter i.e. May 31, July 31, October 31 and January 31 for 2019-20.
Details required for TDS returns filings
Name of the Entity (Proprietorship/ Partnership/ Company/ LLP)
PAN details
Date of Incorporation of the business
Period for which TDS has to be filed
Last TDS filing details if any
TAN details
No of Transaction for filing TDS returns
TDS reimbursement process
This document discusses the Tax Deducted at Source (TDS) reimbursement process for Paytm Mall sellers. It defines what TDS is, points to remember regarding TDS filing and reimbursement, and the steps to raise a ticket for a TDS reimbursement. TDS is tax deducted from seller commissions and filed quarterly by Paytm Mall. To claim reimbursement, sellers must provide the TDS certificate and commission invoice number. Paytm Mall will process reimbursements within 25 days if details are correct. The document outlines TDS rates and filing requirements and provides instructions for raising a reimbursement ticket in the seller portal.
TDS reimbursement process - VIVO
1. The document discusses the Tax Deducted at Source (TDS) reimbursement process for merchants selling on Paytm Mall. It defines what TDS is and the applicable rates.
2. To raise a ticket for TDS reimbursement, merchants need to provide the Form 16A, commission invoice number, and calculate TDS amount paid against the taxable value.
3. Once submitted, Paytm Mall will validate the details and reimburse the TDS amount within 15 working days if correct, or update the merchant within days if there is any discrepancy.
TDS reimbursement process
This document discusses the Tax Deducted at Source (TDS) reimbursement process for Paytm Mall sellers. It defines TDS as a tax deducted from payments and later used as credit. To claim reimbursement, sellers must submit Form 16A and commission invoice showing applicable TDS was paid. Paytm Mall will process reimbursement within 25 days if details are correct. Applicable TDS rates and required documents are also outlined. Sellers can raise tickets for reimbursement through the support tab on their seller panel.
TDS reimbursement process
This document discusses the TDS reimbursement process at Paytm. It explains that TDS must be paid on the taxable value in the commission invoice and outlines the required documents, processing time, and applicable TDS rates. Merchants must file TDS on behalf of Paytm e-commerce and the TDS amount must match what is in Paytm's system and the TDS certificate for reimbursement to be released. TDS is calculated and filed quarterly at rates of 5% for marketing and PG fees and 2% for logistics and fulfillment charges.
TDS submission process
TDS Reimbursement Process discusses TDS submission process including documents required, processing time, applicable TDS rates, and points to remember. Key details include:
- Form 16A provided by CA is required along with commission invoice to claim TDS reimbursement.
- TDS is filed on a quarterly basis and reimbursement will be processed within 25 working days if details are correct.
- Applicable TDS rates are 5% for marketing and PG fees, 2% for logistics and fulfillment center charges.
- TDS amount must match amount in certificate, and must be filed for Paytm e-commerce instead of one97 communication.
TDS reimbursement process
This document discusses the process for raising a ticket for Tax Deducted at Source (TDS) reimbursement from Paytm. It defines TDS as a tax deducted by the payer from the payee's income based on tax laws. It notes the key documents required are Form 16A from your CA and the commission invoice from Paytm. It outlines the 25 working day processing time and appropriate TDS rates to apply. Finally, it provides the 9 step process to raise the reimbursement ticket, including clicking support, document requests, entering invoice details, uploading documents, and submitting the ticket.
TDS reimbursement process - Wholesale
This document discusses the process for raising a ticket for Tax Deducted at Source (TDS) reimbursement from Paytm. TDS is a tax deducted from commission payments and merchants are entitled to claim reimbursement by providing the required documents within 15 working days. The document outlines the key points to remember including applicable TDS rates, required documents of Form 16A and commission invoice, and the steps to raise a reimbursement ticket by clicking on the support and document requests tabs and filling the required details.
Recommended
Tds return
The person who is deducting the TDS called a deductor has to deposit it to the government and the form of a TDS return need to be filled with all the details. A TDS return has to be filed on quarterly basis and penalty will be applied in case of not doing so.
Due dates for filing returns:
The returns have to be filed for every quarter i.e. May 31, July 31, October 31 and January 31 for 2019-20.
Details required for TDS returns filings
Name of the Entity (Proprietorship/ Partnership/ Company/ LLP)
PAN details
Date of Incorporation of the business
Period for which TDS has to be filed
Last TDS filing details if any
TAN details
No of Transaction for filing TDS returns
TDS reimbursement process
This document discusses the Tax Deducted at Source (TDS) reimbursement process for Paytm Mall sellers. It defines what TDS is, points to remember regarding TDS filing and reimbursement, and the steps to raise a ticket for a TDS reimbursement. TDS is tax deducted from seller commissions and filed quarterly by Paytm Mall. To claim reimbursement, sellers must provide the TDS certificate and commission invoice number. Paytm Mall will process reimbursements within 25 days if details are correct. The document outlines TDS rates and filing requirements and provides instructions for raising a reimbursement ticket in the seller portal.
TDS reimbursement process - VIVO
1. The document discusses the Tax Deducted at Source (TDS) reimbursement process for merchants selling on Paytm Mall. It defines what TDS is and the applicable rates.
2. To raise a ticket for TDS reimbursement, merchants need to provide the Form 16A, commission invoice number, and calculate TDS amount paid against the taxable value.
3. Once submitted, Paytm Mall will validate the details and reimburse the TDS amount within 15 working days if correct, or update the merchant within days if there is any discrepancy.
TDS reimbursement process
This document discusses the Tax Deducted at Source (TDS) reimbursement process for Paytm Mall sellers. It defines TDS as a tax deducted from payments and later used as credit. To claim reimbursement, sellers must submit Form 16A and commission invoice showing applicable TDS was paid. Paytm Mall will process reimbursement within 25 days if details are correct. Applicable TDS rates and required documents are also outlined. Sellers can raise tickets for reimbursement through the support tab on their seller panel.
TDS reimbursement process
This document discusses the TDS reimbursement process at Paytm. It explains that TDS must be paid on the taxable value in the commission invoice and outlines the required documents, processing time, and applicable TDS rates. Merchants must file TDS on behalf of Paytm e-commerce and the TDS amount must match what is in Paytm's system and the TDS certificate for reimbursement to be released. TDS is calculated and filed quarterly at rates of 5% for marketing and PG fees and 2% for logistics and fulfillment charges.
TDS submission process
TDS Reimbursement Process discusses TDS submission process including documents required, processing time, applicable TDS rates, and points to remember. Key details include:
- Form 16A provided by CA is required along with commission invoice to claim TDS reimbursement.
- TDS is filed on a quarterly basis and reimbursement will be processed within 25 working days if details are correct.
- Applicable TDS rates are 5% for marketing and PG fees, 2% for logistics and fulfillment center charges.
- TDS amount must match amount in certificate, and must be filed for Paytm e-commerce instead of one97 communication.
TDS reimbursement process
This document discusses the process for raising a ticket for Tax Deducted at Source (TDS) reimbursement from Paytm. It defines TDS as a tax deducted by the payer from the payee's income based on tax laws. It notes the key documents required are Form 16A from your CA and the commission invoice from Paytm. It outlines the 25 working day processing time and appropriate TDS rates to apply. Finally, it provides the 9 step process to raise the reimbursement ticket, including clicking support, document requests, entering invoice details, uploading documents, and submitting the ticket.
TDS reimbursement process - Wholesale
This document discusses the process for raising a ticket for Tax Deducted at Source (TDS) reimbursement from Paytm. TDS is a tax deducted from commission payments and merchants are entitled to claim reimbursement by providing the required documents within 15 working days. The document outlines the key points to remember including applicable TDS rates, required documents of Form 16A and commission invoice, and the steps to raise a reimbursement ticket by clicking on the support and document requests tabs and filling the required details.
TDS reimbursement process
This document discusses the process for raising a ticket for Tax Deducted at Source (TDS) reimbursement from Paytm. TDS is deducted at source on marketplace marketing fees, payment gateway fees, logistic charges, and fulfillment center services at rates of 5% and 2%. To request reimbursement, merchants must submit the correct commission invoice number, TDS certificate matching the invoice, and processing can take up to 25 working days. The steps outlined are to click support, document requests, request TDS reimbursement, fill in the required fields and upload documents, then submit the ticket for processing.
TDS reimbursement process
This document discusses the process for raising a ticket for Tax Deducted at Source (TDS) reimbursement from Paytm. It defines TDS as a tax deducted by the payer from the payee's income based on Indian law. It notes the required documents (Form 16A and commission invoice), processing time of 15 working days, and applicable TDS rates. Finally, it provides the 9 step process for merchants to raise a reimbursement ticket, including clicking support, document requests, entering invoice details, uploading documents, and submitting the ticket.
TDS reimbursement process
This document discusses the Tax Deducted at Source (TDS) reimbursement process for Paytm Mall sellers. It defines what TDS is, notes important points about the reimbursement process, and outlines the steps to raise a ticket for reimbursement. TDS refers to income tax deducted at source that is credited to the seller's tax filings. To claim reimbursement, sellers must submit commission invoices, Form 16A/26AS tax certificates, and any credit notes within 25 working days. The document provides the TDS rates for different marketplace fees and services and instructions for correctly filling out the reimbursement request form.
TDS reimbursement process - Wholesale
This document discusses the Tax Deducted at Source (TDS) reimbursement process for Paytm merchants. It defines TDS as a tax deducted from commission payments and later credited to the merchant's tax account. The key steps are:
1) Merchants submit Form 16A and commission invoice number for the quarter.
2) Paytm validates the details and reimburses the TDS amount within 25 days if correct.
3) Merchants can raise tickets for TDS reimbursement by uploading documents to their seller panel.
TDS reimbursement process
This document discusses the Tax Deducted at Source (TDS) reimbursement process for Paytm Mall merchants. It defines what TDS is, important points to remember, and the steps to raise a ticket for TDS reimbursement. TDS is an income tax deducted at source on commission payments made to merchants. Merchants are entitled to get credit for TDS paid and can claim reimbursement by submitting Form 16A, commission invoices, and credit notes, if any. Paytm Mall will process reimbursements within 25 working days if all details are correct. The document outlines the applicable TDS rates and filing requirements.
TDS Prentation By Vaibhav Singh
This document summarizes key provisions related to the Tax Deduction at Source (TDS) scheme in India. It discusses that every deductor must obtain a Tax Deduction Account Number (TAN) to be quoted in all TDS-related correspondence. It also outlines the forms, periodicity, and cut-off dates for filing TDS returns, as well as details about TDS rates, exemption limits, and procedures for obtaining a lower deduction certificate. The document concludes by summarizing provisions related to tax collection at source and penalties for non-compliance.
Grant Thornton Vietnam - CIT and TP risk alert
Notable points on risks of Corporate Income Tax and Transfer Pricing for Enterprises with fiscal year ending 31 December
Minimum alternate tax ( mat ) U/S 115JB-YASH JAIN
MAT (Minimum Alternate Tax) was introduced to tax companies that reported book profits but paid little or no income tax under normal tax provisions. MAT is calculated as a percentage of a company's book profits and the company must pay the higher of MAT or the tax calculated under normal provisions. Key points of MAT include: it applies only to companies, the MAT rate has changed over time and is now 18%, MAT credit can be carried forward for up to 10 years to offset future tax liability.
Types of tax notice
The document discusses different types of tax notices issued by the Income Tax department in India. It explains notices under Section 142 to file tax returns, notices under Section 143(3) for scrutiny assessments when further examination of filed returns is needed, and notices under Section 147 for income that has escaped assessment and tax. It also briefly mentions readjustment of refunds under Section 245. The document provides details on the parameters and scenarios that typically trigger these various types of tax notices.
Minimum Alternate Tax
MAT stands for Minimum Alternate Tax and was introduced in 1988 to tax large corporate groups that were paying zero income tax despite making profits. MAT is currently levied at a rate of 18.5% and applies to companies that are profitable according to their books but pay no tax under normal tax provisions. Companies can claim MAT credit for any MAT paid above the tax amount calculated under normal provisions, which can be used to offset future tax payments not covered by MAT.
Tax deductable at source
This document discusses tax deductible at source in India. It defines key terms like deductor and deductee. It outlines various types of payments that are subject to tax deduction at source, such as salaries, interest, dividends, lottery winnings, and payments to contractors. For each type of payment, it specifies who is responsible for deducting tax, the applicable tax rates, and any important additional details.
Accounting code structure
The document provides instructions for accessing and printing accounting codes in a company's maintenance system. It details the steps to click on the company name, select accounting code maintenance, choose the accounts code, print the list, and view the accounts codes organized with profit/loss codes ranging from 110000 to 239999 and balance sheet codes ranging from 240000 to 539999.
E tutorial tds on property_etax-immediately (1)
1) TDS of 1% is applicable on sale of immovable property for consideration of 50 lakhs or more under section 194IA of the Income Tax Act from June 1, 2013.
2) The purchaser must deduct TDS at the time of payment and deposit it online through authorized banks using the e-tax payment option on the NSDL website.
3) Key steps to deposit TDS online include filing details in the online form, getting an acknowledgment number, submitting payment through net banking and downloading form 16B from TRACES.
Presentation on advance tax
This document provides information on advance tax requirements in India. It defines advance tax, when it is due, and the applicable payment deadlines and percentages for companies and non-companies. Advance tax is due in four installments by September 15, December 15, March 15, and March 31. Interest is charged for late or deficient advance tax payments under sections 234B and 234C. The document also addresses provisions for casual income and capital gains, and situations where the assessing officer can issue an advance tax order.
Big data - FATCA to CRS
The document discusses the evolution of tax regulation from initiatives like FATCA to the Common Reporting Standard (CRS). It notes that FATCA introduced automatic exchange of tax information between countries but on a smaller scale. In contrast, CRS involves over 100 jurisdictions exchanging tax residency and financial account information on a much larger scale. This transformation to "big data" tax reporting presents significant challenges for investment firms to upgrade their systems and processes to handle the new demands to extract, process, and report extensive client data to meet compliance requirements and avoid regulatory penalties. Proper governance, controls, and preparing for audits will be crucial for investment firms to effectively manage financial and reputational risks under the new global tax reporting standards.
194IA TDS
1) As per the Finance Bill of 2013, TDS of 1% is applicable on the sale of immovable property where the sale consideration is greater than or equal to Rs. 50 lakhs. The TDS must be deducted by the purchaser at the time of payment to the seller.
2) The entire sale consideration amount is subject to TDS, not just the amount exceeding Rs. 50 lakhs. For example, if the sale consideration is Rs. 75 lakhs, TDS of 1% would apply to the full Rs. 75 lakhs.
3) Form 26QB must be filed online to report the TDS deducted, providing details of the purchaser, seller
Minimum Tax
The rate of the Minimum Tax is 1% of the gross turnover of the taxable person effective 1st January 2021.
Vietnam corporate tax rate
The corporate tax rate in Vietnam has decreased from an average of 28.55% between 1997-2015 to its current rate of 22%, which was recorded in 2014. The corporate tax rate previously reached a high of 35% in 1998. Corporate tax revenue is collected from companies based on their annual net income and is an important source of government income for Vietnam. This page provides historical data, forecasts and statistics on Vietnam's corporate tax rate.
Tax deduction at source
This document outlines the tax deduction at source (TDS) compliance process in India. It applies to all corporate and government deductors who are required to get their accounts audited. The key steps are: 1) apply for and obtain a TAN number; 2) deduct tax from applicable payments like salaries, interest, rent, etc. at the time of payment or credit; 3) deposit the deducted tax with the government treasury by the due dates; 4) file quarterly electronic TDS returns; and 5) issue TDS certificates to deductees. Failure to comply can result in penalties like interest charges, fines, and in severe cases, imprisonment.
TDS reimbursement process
This document discusses the Tax Deducted at Source (TDS) reimbursement process for sellers on the Paytm platform. It defines TDS as a tax deducted by the payer from the payment made to the payee as per Indian Income Tax laws. It provides details on the documents required, processing time of 25 working days, and applicable TDS rates of 5% for marketing and payment gateway fees and 2% for logistics charges and fulfillment center services. Finally, it outlines the steps sellers need to take to raise a ticket and claim TDS reimbursement, including providing the correct commission invoice number and TDS certificate details.
TDS reimbursement process
This document discusses the Tax Deducted at Source (TDS) reimbursement process for Paytm Mall sellers. It defines TDS as a tax deducted from payments and later used as credit. To claim reimbursement, sellers must submit Form 16A and commission invoice showing applicable TDS was paid. Paytm Mall will process reimbursement within 25 days if details are correct. Applicable TDS rates and required documents are also outlined. Sellers can raise tickets for reimbursement through the support tab on their seller panel.
TDS reimbursement process - Wholesale
This document discusses the Tax Deducted at Source (TDS) reimbursement process for Paytm merchants. It defines TDS as a tax deducted by the payer and remitted to the government, for which the payee receives credit. It outlines the required documents (Form 16A and commission invoice), processing time (25 days), applicable TDS rates (5% for marketing and PG fees, 2% for logistics), and steps to raise a reimbursement ticket, including uploading documents and submitting the ticket.
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TDS reimbursement process
This document discusses the process for raising a ticket for Tax Deducted at Source (TDS) reimbursement from Paytm. TDS is deducted at source on marketplace marketing fees, payment gateway fees, logistic charges, and fulfillment center services at rates of 5% and 2%. To request reimbursement, merchants must submit the correct commission invoice number, TDS certificate matching the invoice, and processing can take up to 25 working days. The steps outlined are to click support, document requests, request TDS reimbursement, fill in the required fields and upload documents, then submit the ticket for processing.
TDS reimbursement process
This document discusses the process for raising a ticket for Tax Deducted at Source (TDS) reimbursement from Paytm. It defines TDS as a tax deducted by the payer from the payee's income based on Indian law. It notes the required documents (Form 16A and commission invoice), processing time of 15 working days, and applicable TDS rates. Finally, it provides the 9 step process for merchants to raise a reimbursement ticket, including clicking support, document requests, entering invoice details, uploading documents, and submitting the ticket.
TDS reimbursement process
This document discusses the Tax Deducted at Source (TDS) reimbursement process for Paytm Mall sellers. It defines what TDS is, notes important points about the reimbursement process, and outlines the steps to raise a ticket for reimbursement. TDS refers to income tax deducted at source that is credited to the seller's tax filings. To claim reimbursement, sellers must submit commission invoices, Form 16A/26AS tax certificates, and any credit notes within 25 working days. The document provides the TDS rates for different marketplace fees and services and instructions for correctly filling out the reimbursement request form.
TDS reimbursement process - Wholesale
This document discusses the Tax Deducted at Source (TDS) reimbursement process for Paytm merchants. It defines TDS as a tax deducted from commission payments and later credited to the merchant's tax account. The key steps are:
1) Merchants submit Form 16A and commission invoice number for the quarter.
2) Paytm validates the details and reimburses the TDS amount within 25 days if correct.
3) Merchants can raise tickets for TDS reimbursement by uploading documents to their seller panel.
TDS reimbursement process
This document discusses the Tax Deducted at Source (TDS) reimbursement process for Paytm Mall merchants. It defines what TDS is, important points to remember, and the steps to raise a ticket for TDS reimbursement. TDS is an income tax deducted at source on commission payments made to merchants. Merchants are entitled to get credit for TDS paid and can claim reimbursement by submitting Form 16A, commission invoices, and credit notes, if any. Paytm Mall will process reimbursements within 25 working days if all details are correct. The document outlines the applicable TDS rates and filing requirements.
TDS Prentation By Vaibhav Singh
This document summarizes key provisions related to the Tax Deduction at Source (TDS) scheme in India. It discusses that every deductor must obtain a Tax Deduction Account Number (TAN) to be quoted in all TDS-related correspondence. It also outlines the forms, periodicity, and cut-off dates for filing TDS returns, as well as details about TDS rates, exemption limits, and procedures for obtaining a lower deduction certificate. The document concludes by summarizing provisions related to tax collection at source and penalties for non-compliance.
Grant Thornton Vietnam - CIT and TP risk alert
Notable points on risks of Corporate Income Tax and Transfer Pricing for Enterprises with fiscal year ending 31 December
Minimum alternate tax ( mat ) U/S 115JB-YASH JAIN
MAT (Minimum Alternate Tax) was introduced to tax companies that reported book profits but paid little or no income tax under normal tax provisions. MAT is calculated as a percentage of a company's book profits and the company must pay the higher of MAT or the tax calculated under normal provisions. Key points of MAT include: it applies only to companies, the MAT rate has changed over time and is now 18%, MAT credit can be carried forward for up to 10 years to offset future tax liability.
Types of tax notice
The document discusses different types of tax notices issued by the Income Tax department in India. It explains notices under Section 142 to file tax returns, notices under Section 143(3) for scrutiny assessments when further examination of filed returns is needed, and notices under Section 147 for income that has escaped assessment and tax. It also briefly mentions readjustment of refunds under Section 245. The document provides details on the parameters and scenarios that typically trigger these various types of tax notices.
Minimum Alternate Tax
MAT stands for Minimum Alternate Tax and was introduced in 1988 to tax large corporate groups that were paying zero income tax despite making profits. MAT is currently levied at a rate of 18.5% and applies to companies that are profitable according to their books but pay no tax under normal tax provisions. Companies can claim MAT credit for any MAT paid above the tax amount calculated under normal provisions, which can be used to offset future tax payments not covered by MAT.
Tax deductable at source
This document discusses tax deductible at source in India. It defines key terms like deductor and deductee. It outlines various types of payments that are subject to tax deduction at source, such as salaries, interest, dividends, lottery winnings, and payments to contractors. For each type of payment, it specifies who is responsible for deducting tax, the applicable tax rates, and any important additional details.
Accounting code structure
The document provides instructions for accessing and printing accounting codes in a company's maintenance system. It details the steps to click on the company name, select accounting code maintenance, choose the accounts code, print the list, and view the accounts codes organized with profit/loss codes ranging from 110000 to 239999 and balance sheet codes ranging from 240000 to 539999.
E tutorial tds on property_etax-immediately (1)
1) TDS of 1% is applicable on sale of immovable property for consideration of 50 lakhs or more under section 194IA of the Income Tax Act from June 1, 2013.
2) The purchaser must deduct TDS at the time of payment and deposit it online through authorized banks using the e-tax payment option on the NSDL website.
3) Key steps to deposit TDS online include filing details in the online form, getting an acknowledgment number, submitting payment through net banking and downloading form 16B from TRACES.
Presentation on advance tax
This document provides information on advance tax requirements in India. It defines advance tax, when it is due, and the applicable payment deadlines and percentages for companies and non-companies. Advance tax is due in four installments by September 15, December 15, March 15, and March 31. Interest is charged for late or deficient advance tax payments under sections 234B and 234C. The document also addresses provisions for casual income and capital gains, and situations where the assessing officer can issue an advance tax order.
Big data - FATCA to CRS
The document discusses the evolution of tax regulation from initiatives like FATCA to the Common Reporting Standard (CRS). It notes that FATCA introduced automatic exchange of tax information between countries but on a smaller scale. In contrast, CRS involves over 100 jurisdictions exchanging tax residency and financial account information on a much larger scale. This transformation to "big data" tax reporting presents significant challenges for investment firms to upgrade their systems and processes to handle the new demands to extract, process, and report extensive client data to meet compliance requirements and avoid regulatory penalties. Proper governance, controls, and preparing for audits will be crucial for investment firms to effectively manage financial and reputational risks under the new global tax reporting standards.
194IA TDS
1) As per the Finance Bill of 2013, TDS of 1% is applicable on the sale of immovable property where the sale consideration is greater than or equal to Rs. 50 lakhs. The TDS must be deducted by the purchaser at the time of payment to the seller.
2) The entire sale consideration amount is subject to TDS, not just the amount exceeding Rs. 50 lakhs. For example, if the sale consideration is Rs. 75 lakhs, TDS of 1% would apply to the full Rs. 75 lakhs.
3) Form 26QB must be filed online to report the TDS deducted, providing details of the purchaser, seller
Minimum Tax
The rate of the Minimum Tax is 1% of the gross turnover of the taxable person effective 1st January 2021.
Vietnam corporate tax rate
The corporate tax rate in Vietnam has decreased from an average of 28.55% between 1997-2015 to its current rate of 22%, which was recorded in 2014. The corporate tax rate previously reached a high of 35% in 1998. Corporate tax revenue is collected from companies based on their annual net income and is an important source of government income for Vietnam. This page provides historical data, forecasts and statistics on Vietnam's corporate tax rate.
Tax deduction at source
This document outlines the tax deduction at source (TDS) compliance process in India. It applies to all corporate and government deductors who are required to get their accounts audited. The key steps are: 1) apply for and obtain a TAN number; 2) deduct tax from applicable payments like salaries, interest, rent, etc. at the time of payment or credit; 3) deposit the deducted tax with the government treasury by the due dates; 4) file quarterly electronic TDS returns; and 5) issue TDS certificates to deductees. Failure to comply can result in penalties like interest charges, fines, and in severe cases, imprisonment.
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Similar to TDS reimbursement
TDS reimbursement process
This document discusses the Tax Deducted at Source (TDS) reimbursement process for sellers on the Paytm platform. It defines TDS as a tax deducted by the payer from the payment made to the payee as per Indian Income Tax laws. It provides details on the documents required, processing time of 25 working days, and applicable TDS rates of 5% for marketing and payment gateway fees and 2% for logistics charges and fulfillment center services. Finally, it outlines the steps sellers need to take to raise a ticket and claim TDS reimbursement, including providing the correct commission invoice number and TDS certificate details.
TDS reimbursement process
This document discusses the Tax Deducted at Source (TDS) reimbursement process for Paytm Mall sellers. It defines TDS as a tax deducted from payments and later used as credit. To claim reimbursement, sellers must submit Form 16A and commission invoice showing applicable TDS was paid. Paytm Mall will process reimbursement within 25 days if details are correct. Applicable TDS rates and required documents are also outlined. Sellers can raise tickets for reimbursement through the support tab on their seller panel.
TDS reimbursement process - Wholesale
This document discusses the Tax Deducted at Source (TDS) reimbursement process for Paytm merchants. It defines TDS as a tax deducted by the payer and remitted to the government, for which the payee receives credit. It outlines the required documents (Form 16A and commission invoice), processing time (25 days), applicable TDS rates (5% for marketing and PG fees, 2% for logistics), and steps to raise a reimbursement ticket, including uploading documents and submitting the ticket.
TDS reimbursement process
This document discusses the Tax Deducted at Source (TDS) reimbursement process for Paytm Mall merchants. It defines what TDS is and provides details on the required documents, processing timelines, and applicable TDS rates. It then outlines the steps a merchant needs to take to raise a ticket for TDS reimbursement, which includes downloading a format, filling it with invoice and certificate details, uploading the required documents, and submitting the ticket for processing within 25 working days.
Payment lifecycle - Paytm Mall Shop
This document discusses Paytm Mall's payment lifecycle and provides information on when payments are transferred, how payouts are calculated, and how sellers can check payment details, download sales reports, commission invoices, and GST reports. It also covers the TDS reimbursement process, noting the required documents, processing time, applicable TDS rates, and points to ensure the TDS amount matches Paytm Mall's records for reimbursement.
payment lifecycle
The document discusses Paytm Mall's payment lifecycle and processes, including when payments are transferred, how payouts are calculated, and how sellers can check payment details, download reports, and process tax reimbursements. Key details include that payments are transferred daily except holidays and initiated after order delivery, payouts are sales price minus commissions and taxes, and sellers can check payments and download reports by settlement date or order in the payments section of their seller panel. It also outlines the tax deducted at source (TDS) reimbursement process.
Payment lifecycle - Paytm Mall Shop
The document discusses Paytm Mall's payment lifecycle and processes, including when payments are transferred, how payouts are calculated, and how sellers can check payment details, download reports, and process tax reimbursements. Key details covered include payment being initiated the day after delivery, final payout being calculated as selling price minus commissions and taxes, and sellers being able to view settlement-wise or order-wise payment reports and download them in excel format for record keeping. The document also outlines the tax deducted at source (TDS) reimbursement process for sellers.
Payment lifecycle of Paytm Mall Shop
The document discusses Paytm Mall's payment lifecycle and provides guidance on checking payment details, downloading reports, and claiming TDS reimbursement. Key details include:
- Payments are transferred daily after order delivery and initiated the following day. Payout is calculated as Selling Price - (Commission + TCS).
- Settlement and order-wise reports in the Payments tab allow viewing payment transactions and expected payouts.
- Sales, commission invoices, and GST reports can be downloaded for a selected date range.
- TDS reimbursement requires Form 16A and commission invoice. Claims are processed within 15 days if details are correct.
Tax deducted at source
TDS is a mechanism where a person deducts tax at the time of making certain specified payments to another person. Key persons responsible for deducting TDS (deductors) include company principals, DDOs in government offices, and those making payments of interest, dividends, contracts, lottery/game winnings, etc. Deductors must obtain a TAN, deduct tax at the correct rate, deposit the deducted amount timely, issue TDS certificates, and file quarterly TDS statements in the prescribed format and by the due dates. Maintaining compliance is important to ensure deductees get proper tax credit and deductors avoid penalties.
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Payment lifecycle - Paytm mall shop
This document provides information about the payment lifecycle on Paytm Mall, including when payments are transferred, how payouts are calculated, and how sellers can check payment details, download reports, and access the TDS reimbursement process. Key details covered include that payments are transferred daily after order delivery, payouts are calculated as the selling price minus commissions and taxes, and payment and sales reports can be downloaded in the seller panel to view order-level payment information.
Payment lifecycle - Paytm Mall Shop
This document provides information about the payment lifecycle for sellers on Paytm Mall, including when payments are transferred, how payouts are calculated, and how to check payment details. Key points covered include how to download sales reports, commission invoices, and GST reports. It also explains the TDS reimbursement process and important points to remember regarding TDS filing and reimbursement claims.
2. e-tds.ppt
This document provides information about Tax Deduction at Source (TDS) in India. It discusses what TDS is, the TDS cycle, identifying transactions that are subject to TDS, deducting and remitting the tax, obtaining the Book Identification Number (BIN), preparing quarterly e-TDS returns, and consequences of failing to deduct or remit TDS. It also describes how to check TAN accuracy, make payments through challan or book adjustment, view Individual Tax Credit in Form 26AS, and download Form 16/16A. Key websites for TDS processes are also listed.
Goods and services tax
The document provides step-by-step instructions for creating and adding details for outward supplies in the GSTR1 return on the GST portal. It describes how to access the portal, login, select the filing period, and click "Prepare Online" to access the GSTR1 form. It then outlines the various tiles and tables within GSTR1 for entering details of B2B invoices, B2C invoices, credit/debit notes, exports, nil rated supplies, tax liability, and HSN/SAC summaries. Specific fields and validation rules for adding details to each table are also defined.
Item GV - Payment lifecycle
This document provides information about the payment lifecycle on Paytm Mall, including when payments are transferred, how payouts are calculated, and how to check payment details. Specifically, it discusses that payments are initiated after order delivery, payouts are calculated as selling price minus commissions and taxes, and payment details can be viewed in settlement reports and order-wise reports downloaded from the payments tab. It also covers downloading sales reports, commission invoices, GST reports, and the TDS reimbursement process.
Tds tutorial
1) TDS of 1% is now applicable on the sale of immovable property for transactions of 50 lakhs or more under section 194IA of the Income Tax Act.
2) The purchaser must deduct TDS of 1% from the sale consideration and deposit it to the government through authorized banks using the e-tax payment option on the NSDL website.
3) The document provides step-by-step instructions for depositing TDS online through net banking including selecting payment details, obtaining an acknowledgment number, and submitting payment to the bank.
Tds tutorial
1) TDS of 1% is applicable on sale of immovable property for transactions equal to or exceeding Rs. 50 lakhs.
2) The purchaser must deduct TDS of 1% from the sale consideration and deposit it to the government through authorized banks using the e-payment option on the NSDL website.
3) The document provides step-by-step instructions for depositing TDS online through net banking including selecting payment details, obtaining an acknowledgment number, and submitting payment to the bank.
E tutorial tds on property
1) As of June 1, 2013, a 1% tax must be deducted by the purchaser of immovable property at the time of payment if the sale consideration is Rs. 50,00,000 or more.
2) The tax deducted must be deposited to the Government through authorized banks using the e-Tax payment option on the NSDL website.
3) To pay the tax online, purchasers must follow steps which include selecting the financial year, entering PAN numbers, property details, payment amounts, and submitting payment through net banking.
E tutorial tds on property
1) As of June 1, 2013, a 1% tax must be deducted by the purchaser of immoveable property at the time of payment if the sale consideration is Rs. 50,00,000 or more.
2) The deducted tax should be deposited to the government through authorized banks using the e-Tax payment option on the NSDL website.
3) To pay the tax online, purchasers must log onto the NSDL-TIN website, select the online form for furnishing TDS on property, and enter details of the transaction to generate a payment form and acknowledgment number.
2709172005 user manual combined
This document provides instructions for creating, submitting, and filing outward supply details in Form GSTR-1 in India. It outlines the following steps: 1) Log in and navigate to the GSTR-1 page, 2) Generate a GSTR-1 summary, 3) Enter details in various sections like invoices, credit/debit notes, exports, etc., 4) Preview and submit GSTR-1, 5) File GSTR-1 with a digital signature. It then provides detailed guidance on entering invoice details for B2B and B2C supplies.
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automobiles order processing_english
This document discusses the order processing steps for automobiles. It outlines the order lifecycle from when a customer places an order through delivery. The key steps are:
1) Processing the order by acknowledging, entering courier details, and uploading documents.
2) Marking the order as shipped once handed over to the courier.
3) Checking the status of shipped and delivered orders.
4) Verifying the uploaded documents by order ID.
multiple items order processing (lmd) multiple shipments
This document provides instructions for sellers on Paytm Mall to process orders with multiple items that require multiple shipments. It covers confirming such orders, identifying them, packing items, requesting pickups, and checking shipped and delivered orders. Sellers can process multiple item orders by confirming each item, packing all items together, and requesting pickup once ready. They can view shipment status on the "Shipped" and "Delivered" tabs and download duplicate documents if needed.
single item order processing (lmd) multiple shipments
1. The document discusses the process of handling single item orders with multiple shipments through Paytm Mall's logistics partners. This includes confirming orders, packing orders, requesting pickups, and tracking shipped and delivered orders.
2. Paytm Mall offers sellers the ability to use their logistics partners for fulfillment. This provides benefits like flat shipping rates nationwide, easy tracking, and automated payouts.
3. The key steps for processing a single item order are confirming the order details, packing the item, requesting a pickup by providing packaging details, and then tracking the order status. Sellers can also download duplicate documents like packing slips or manifests.
how to cancel an order
This document discusses how to cancel orders individually or in bulk on an e-commerce platform and check cancelled orders. It provides the following steps:
1. To cancel a single order, select the order and choose a cancellation reason from a dropdown menu before confirming cancellation.
2. To cancel orders in bulk, download a CSV file of selected orders, upload it after choosing a cancellation reason, and confirm cancellation.
3. To check cancelled orders, go to the Cancelled tab under Orders and view orders cancelled by the merchant or customer along with order details and status.
orders overview
This document provides an overview of order management on an e-commerce platform. It discusses the orders tab interface, order types and stages, service level agreements (SLAs) for order fulfillment, and penalties for SLA breaches and order cancellations. The orders tab allows sellers to view, filter, and manage orders by status. Orders can be single-item or multiple-item. SLAs define the standard and expedited timelines for order shipping. Penalties of 3-7% of the order value are charged for late shipping or cancellations beyond grace periods. Tracking tools help sellers monitor SLA compliance and avoid financial penalties.
DIY- Add new product to catalogue
The document discusses how to create new products and upload products in bulk on an e-commerce platform. It provides step-by-step instructions on single product creation, including selecting categories, filling mandatory and optional attributes, uploading images, and submitting the product. It also outlines the process for bulk product uploads using a template, with details on selecting brands, downloading image links, filling the template, and submitting it. Finally, it defines the quality check process, where products are approved or rejected within 2-3 days before going live.
Tracking returns
This document discusses how sellers can track order returns on their panel. It explains how to check cancelled orders, returns before delivery, and returns after delivery. For cancelled orders, sellers can view order details and download order files. For returns before delivery, sellers can filter orders by date or status. For returns after delivery, sellers can view orders by status like approved, picked, or returned, and raise disputes. The document provides guidance on tracking return order statuses and details.
Tracking returns
This document discusses how sellers can track order returns on their panel. It explains that sellers can check cancelled orders by going to the Orders tab and selecting Cancelled. Returns before delivery can be found under the Returns tab by clicking on Returns before delivery. Returns after delivery are also under the Returns tab, with the status changing as the return progresses from Approved to Picked to Returned. Sellers are able to filter and download order details to track returns on their seller panel.
PSA guidelines
This document discusses Paytm Mall's Seller Assurance Program (PSA), which protects sellers from losses due to product returns. It outlines the cases where sellers can file PSA claims, such as damaged, missing, or wrong products. Sellers must submit supporting documents like product photos within 48 hours of receiving a disputed return. The document provides instructions for filing a PSA claim in the seller panel by clicking on tabs for returns and raising disputes. It also lists timelines for resolving different types of return issues under the PSA.
Tracking returns - Wholesale
1. To track returns before delivery, sellers can check the Returns Before Delivery tab to view orders cancelled by customers before products are delivered. Order status options are Return Initiated and Return Delivered.
2. To track returns after delivery, sellers can check the Returns After Delivery tab. They can filter orders by date, order ID, item ID, etc. and view order status in stages like Approved, Picked, and Returned.
3. Sellers can view full order details, download order CSVs, and check parent order IDs for partial returns from these return tracking tabs.
PSA guidelines - Wholesale
This document discusses Paytm Mall's Seller Assurance Program (PSA), which protects sellers from losses due to returns. It outlines the process for filing a PSA claim within 48 hours of a disputed return. Sellers can file claims for delayed delivery, damaged/missing items, wrong items, or lost products. Claims require supporting photos/videos. To file a claim, sellers access the Returns tab and click "Raise Return Dispute" to submit details and attachments about the disputed item. The document also lists turnaround times for raising queries about different types of return issues.
PSA guidelines - Wholesale
This document provides information about Paytm Mall Seller Assurance (PSA) which protects sellers in the event of return damages or losses. It outlines the cases where a PSA claim can be raised such as delayed delivery, damaged products, missing items, or wrong products. It describes the process for raising a PSA claim through the seller panel by clicking on the Returns tab and filling out a ticket submission form along with required documentation. Finally, it lists the turnaround times (TATs) for raising queries for different types of return issues.
Tracking returns - Wholesale
This document discusses how sellers can track product returns on their panel before and after delivery. It provides steps to check returns before delivery by going to the Returns tab and clicking on Returns before delivery. It also explains how to check returns after delivery by going to the Returns tab and clicking on Returns after delivery to view returns by status such as Approved, Picked, Returned, and All. The document provides guidance on filtering returns by date and other criteria and describes the various return stages visible to sellers on the returns panels.
Managing returns - Wholesale
1. The document discusses managing returns by defining what returns are, the types of returns, reasons for returns, and how to manage returns.
2. It defines returns as orders that are cancelled and sent back by customers, which can be returns before or after delivery.
3. It provides tips for reducing returns such as providing detailed product descriptions and packaging and processing orders on time.
FC - Check your sellable and non sellable inventory - Hindi
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Manage your working hours and weekly holiday - wholesale
This document discusses how to manage working hours, weekly holidays, and scheduled holidays for warehouses on the Paytm Mall seller panel. Sellers can log into their panel, select a warehouse, and edit the working hours, weekly holiday, or apply for scheduled holidays by following the steps outlined. Changes to working hours or weekly holidays will apply to new orders the next day, while sellers must give at least 7 days notice for scheduled holidays and can have a maximum of two holidays per month.
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TDS reimbursement
- 1. TDS Reimbursement Process In this module we will discuss- 1. What is TDS? 2. TDS Submission Process 3. Points to Remember.
- 2. • As per the Income Tax Act, a person (deductor) who is liable to make payment of specified nature to any other person (deductee) shall deduct tax at source and remit the same into the account of the Central Government. The deductee from whose income tax has been deducted at source would be entitled to get credit of the amount so deducted on the basis of Form 26AS or TDS certificate issued by the deductor. • Form 16A will be provided by your CA. • TDS is filed on a Quarterly Basis. What is Tax Deducted at Source (TDS)
- 4. • Documents required to raise TDS reimbursement claim - Please share form 16A along with commission invoice number against which you have submitted the TDS . The Commission invoice is shared on your registered email id by 5th of every month for sales made in last month. You can refer it to pay TDS amount. • Processing Time - After sharing all the details by the merchant for TDS reimbursement, we will validate the details shared by you and will reimburse TDS amount within 25 working days, if all details shared by you are found to be correct. In case of any discrepancy, we will update you the same within next few days. :: TDS Submission Process Note: TDS is to be paid only against the ‘Taxable Value’ column in commission invoice and not to be paid for GST component mentioned separately.
- 5. Following rates are applicable for TDS submission- 1. Marketplace Marketing Fees @ 5% (Under Section 194H - Income tax act) 2. Marketplace PG Fee @ 5% (Under Section 194H- Income tax act) 3. Marketplace Logistic Charge (Fee) @ 2 % (Under Section 194C- Income tax act) 4. Fulfilment Center Services @ 2% (Under Section 194C- Income tax act) TDS Submission Process
- 6. Points To Remember • You need to file the TDS on behalf of Paytm e-commerce(as mentioned on commission invoice) instead of one97 communication. • In case of TDS amount* does not match with the details available in our system. Kindly share correct TDS certificate along with correct Commission Invoice Number to process reimbursement. Inshort the TDS Amount calculated must match the Amount mentioned in the TDS Certificate for releasing the Reimbursement. Note: TDS amount = Total Amount [Marketing Fees + PG Fee + Logistic Charge (Fee) + Fulfillment Center Charge( if applied)] of one Quarter.
- 7. Thanks everyone! For any query please raise a ticket on support