Keeping its tradition, TDSMAN is one of the first to have released the version for FY:2015-16. This will serve its users for the following: All TDS Returns for FY:2015-16 TDS Returns for Quarter 4-FY:2014-15 Pending TDS Returns of earlier years, if any Rectification of TDS Defaults for earlier periods On popular demand of its users,…
The fee sought to be levied under section 234E for late filing of TDS return is not a tax that is sought to be levied on the deductor. If the section does not empower the AO to condone the delay for furnishing of TDS return, then the said section shall not stand onerous. Facts…
Recently in Thomas George Muthoot vs. Assistant Commissioner of Income Tax, it was held that the assessee partner shall deduct TDS on the interest amount paid to the partnership firm, if such payment was before 1.4.2013. Facts of the case: The assessee was partner in a firm. The assessee borrowed loan from the partnership…