LAST DATE OF TDS RETURN FILING FOR QUARTER 2, FY: 2016-17 IS 31st OCTOBER, 2016 With the introduction of Section 234E, there is now a…
View More File your TDS Returns (Q2) by 31st October, 2016Month: October 2016
Tips to avoid defaults in TDS Returns
One can avoid defaults in the TDS returns, by way of adherence to the following basic principles: Timely Payment of total taxes deducted/ collected…
View More Tips to avoid defaults in TDS ReturnsHealthy Practices for Error-Free TDS Returns
Healthy practices for error-free TDS returns has been given below: Deduction/ Collection of Tax at Correct Rates. Timely Deposit of Tax Deducted at Source. Accurate…
View More Healthy Practices for Error-Free TDS ReturnsDo’s & Dont’s for TDS Returns
Given below are some dos and dont for filing of TDS returns: Dos Ensure that TDS return is filed with same TAN against which TDS…
View More Do’s & Dont’s for TDS ReturnsLate Filing of TDS Returns -Fees and Penalty
Fees and Penalty for Late Filing of TDS Returns are as follows: Section 234E-Levy of Fees Failure to submit TDS return on time will result in…
View More Late Filing of TDS Returns -Fees and PenaltySalaried tax payers to get SMS alerts on TDS deductions
As many as 2.5 crore salaried tax payers will now receive SMS alerts from the Income Tax department regarding their quarterly TDS deductions. Finance Minister…
View More Salaried tax payers to get SMS alerts on TDS deductionsCPC (TDS) reminder to Deductors for downloading TDS Certificates (Form 16A) for TDS Statements filed for Q1, FY 2016-17
Date of communication: 01/10/2016 Dear Deductor (TAN XXXXXXXXXX), As per the records of Centralized Processing Cell (TDS), TDS Statements have been filed by you for…
View More CPC (TDS) reminder to Deductors for downloading TDS Certificates (Form 16A) for TDS Statements filed for Q1, FY 2016-17Applicability of TDS provisions of section 194-I of the Income-tax Act, 1961 on lump sum lease premium paid for acquisition of long term lease
Circular No. 35/2016 F No.275/29/2015-IT (B) Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes North Block, New Delhi…
View More Applicability of TDS provisions of section 194-I of the Income-tax Act, 1961 on lump sum lease premium paid for acquisition of long term leaseDue Date of TDS payment for September 2016 is 7th October, 2016
Due Date for payment of TDS is 7th October, 2016 for tax deducted during September 2016 Please Note: In case the assessee deposits the TDS…
View More Due Date of TDS payment for September 2016 is 7th October, 2016Extension of due date for submission of Form 15G/15H
Deductee gives Form 15G/15H to deductors for non-deduction of TDS, since deductees total income is below taxable limit. Deductors are required to upload these forms…
View More Extension of due date for submission of Form 15G/15H