Posts

Terms of service of a website

Image
Developing a beautiful website is an exciting experience. When thinking about patting yourself on the back just after pouring out all your creativity on a beautiful landing page, halt! Have you thought about a tea table discussion with your boring legal team to frame the website's Terms of service ? Why? No one reads the Terms of service! We agree that when you are crazy about driving visitors to the website , how can you risk losing them with a puzzling pop-up showing an irritating message, “do you agree?” We are sure you would also dislike receiving legal notices for compensation claims from visitors to your website . Similarly, won’t you like to sue the infringers? Is Terms of service a legal requirement? Terms of service ( TOS ), also called Terms of use or Terms and conditions, are not mandated by law. According to Section 43(A) of the Information Technology Act 2000 and IT Rules 2011, if a business in India possesses, deals with, or handles any sensitive personal

Understanding the notion of TDS Return

Image
Section 191 of the Income Tax Act of 1961 establishes the TDS (Tax Deducted at Source) as a method for the income tax department to collect income tax. This was introduced by the Income Tax Department with the concept to collect tax at every source of income. A TDS return is a statement that includes all the relevant information, including full details of the payment made, taxes and TDS deducted, and other necessary information. A TDS Return includes fields like PAN No., Total payment done, TDS Amount Deducted, Type of payment, etc. It is required for an assessee who has deducted TDS to file a quarterly TDS Return . According to Section 200(3) of Income Tax Act, the due date of filing TDS return (online as well as offline) is on a quarterly basis for four times a year. However, ‘Nil’ TDS return is not necessary to file but to facilitate the deductor’s and maintain data, Taxpayer must submit declaration for not filing NIL return. The following ways are conceivable for the statem