7 April 2017 – Due date for deposit of Tax deducted by an office of the government for the month of March, 2017. However, all sum deducted 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…
TDSMAN (FY: 2017-18) Software is now packed with more additional features which will help you to prepare error free TDS Returns. Pay Tax Online (Challan 281)-Auto Fill: This feature allows the company details to be auto filled while making TDS payment. To use this feature, go to utilities menu > Pay Tax Online (Challan 281)-Auto…
Deduction Month Payment Due Date April 7th May May 7th June June 7th July July 7th August August 7th September September 7th October October 7th November November 7th December December 7th January January 7th February February 7th March March 7th April (TCS) March 7th April (TDS – Govt.) March 30th April (TDS – Non Govt.)
TDS due dates Periodicity Due date (Return file) Due date (TDS Certificate) Q1 (Apr-Jun) 31st July 15th August Q2 (Jul-Sep) 31st October 15th November Q3 (Oct-Dec) 31st January 15th February Q4 (Jan-Mar) 31st May 15th June TCS due dates Periodicity Due date (Return file) Due date (TCS Certificate) Q1 (Apr-Jun) 15th July 30th July Q2…
The government has proposed to make Aadhaar card mandatory for filing income tax return and also applying for permanent account number (PAN). The new proposal has been made through an amendment to the Finance Bill. Recently, the I-T department had announced a mobile app for paying taxes and tracking of refunds. It had also said…
1.Restriction on cash transactions It is also proposed to consequentially amend the provisions of section 206C to omit the provision relating to tax collection at source at the rate of one per cent. of sale consideration on cash sale of jewellery exceeding five lakh rupees. This amendment will take effect from 1st April, 2017. 2.Exemption…
1.Deduction of tax at source in the case of certain Individuals and Hindu undivided family The existing provisions of section 194-I of the Act, inter alia, provide for deduction of tax at source at the time of credit or payment of rent to the account of the payee beyond a threshold limit. It is further…
Procedure for payment of demand raised against TDS on sale of property by CPC-TDS has been listed below stepwise: Step 1 Payment of demand raised against TDS on sale of property has to be paid through the URL https://onlineservices.tin.egovnsdl.com/etaxnew/tdsnontds.jsp and select Demand Payment option. Step 2 The following below mentioned screen will open by clicking…
One can avoid defaults in the TDS returns, by way of adherence to the following basic principles: Timely Payment of total taxes deducted/ collected Correct Reporting with regard to PANs, Tax Rate and Challans Complete Reporting for all Deductees Timely filing of TDS return Following are some important facts to be adhered to,…
Salary income: Employer deducts TDS on total income, including income other than salary after taking into account all deductions and exemptions. This saves the individual the hassle of paying tax himself. TDS rate: As applicable to individual based on his income and deductions. Interest income: TDS is deducted by banks on FDs and RDs if…