(Q1.) Can I apply for TDS refund offline? No, deductor cannot apply for refund offline. (Q2.) Form which FY can deductor claim for Refund? Deductor can apply for TDS refund from FY 2007-8 onwards for Form type 24Q, 26Q, 27EQ, 27Q. (Q3.) Is DSC mandatory for Refund? Yes (Q4.) Deductor is unable to submit the…
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 fees on the deductor. If you delay or forget to file your TDS return, fees of Rs. 200 per day will be levied on the deductor, as long as TDS…
Last date of TDS payment for the month of December, 2016 – 7th January, 2017 Please Note: In case the assessee deposits the TDS Payment after the due date of payment of the tax deducted at source, he shall be liable to pay interest @1.5% for every month or every part of the month during…
7 January 2017 – Due date for deposit of Tax deducted/collected for the month of December, 2016. However, all sum deducted/collected by an office of the government shall be paid to the credit of the Central Government on the same day where tax is paid without production of an Income-tax Challan 7 January 2017 –…
Advisory for Taxpayers 26AS statement contains tax credits available to taxpayer for claim in Income Tax Return along with information on refund, high value transactions and TDS defaults. View 26AS statement to check TDS credits as reported by your deductors. Insist on furnishing of TDS certificate downloaded by the deductor through TRACES (www.tdscpc.gov.in) portal only….
With your company’s accounts department knocking on your door to submit income-tax saving proofs, it’s time for you to gather all the relevant papers in one place. Since April 2016, the department would have been computing taxes on your salary based on the proposed investment declaration submitted by you earlier. The taxes deducted at source…