January 3, 2015

CPC (TDS) follow up for closing Short Payment Default due to Insufficient Challans

TDSMAN06 mins

CPC (TDS) has observed from its records that there are outstanding Short Payment Defaults with respect to TDS Statements filed by deductors.  The Short Payment Defaults are due to “Insufficient Challans”. CPC (TDS) has released a follow up communication to deductors in this regard which has been given below: Dear Deductor, (TAN: XXXXXXXXXXXX) As per…

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Basic principles of TDS Compliance

TDSMAN02 mins

Given below are the basic principles of TDS compliance: Deduction/ Collection of Tax at Correct Rates. Timely Deposit of Tax Deducted at Source. Accurate Reporting of data related to tax deductions/ collections made. Submission of TDS Statements within the due dates. Verification and Issuance of TDS Certificates within time. CPC (TDS) is now sending “Intermediate…

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