Due date for filing of TDS/TCS returns for Quarter 2 of FY:2014-15 is 15th October 2014. With the introduction of Section 234E, there is now a provision of stringent penalties for delayed filing of TDS returns. Failure to submit e-TDS Statement on time will result in fees on the deductor. If you delay or forget…
CPC (TDS) has issued a communication to banks regarding non reporting of 15G/H transaction in contravention of rule 31A (4) of Income Tax Rules read with section 200 of Income Tax Act. CPC (TDS) has requested banks to ensure the details of 15G/H transactions from their source data and raise Flag “B” in the original…
CPC (TDS) has issued a communication to banks regarding raising of Flag “B” in TDS Quarterly Statements against 15G/H transactions. The issued communication has been given below: Dear Deductor (TAN XXXXXXXXX), As you may be aware that the depositors submit form 15G/H to the bank for no deduction of tax to be made on the…
GOVERNMENT OF INDIA MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION NO. 46/2014 New Delhi, 24th September, 2014 In exercise of the powers conferred by section 295 read with section 197 of the Income tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the…
The due date to deposit the tax deducted at source/tax collected at source during the month of september, 2014 has been extended from 7th october, 2014 to 10th october, 2014 The Press Release issued by CBDT is as follows :- F.No. 385/10/2014-IT(B) Government of India Ministry of Finance Department of Revenue Central Board of…