The last date of filing TDS returns for the fourth quarter of FY 2016-17 falls due on 31st May, 2017. It is very important to file returns on time because late filing of TDS returns not only delays TDS Credits to the deductees but also attracts late filing fees and penalties. Non filling / late…
Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, 11th May, 2017. PRESS RELEASE Income Tax Department simplifies linking PAN with Aadhaar The Income Tax Department has made it easy for taxpayers to link their PAN with Aadhaar. Responding to grievances of taxpayers regarding difficulties in linking PAN…
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 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…
Due Date for payment of TDS is 7th May, 2017 for tax deducted during April 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…
Please note the TDS Compliance dates for May 2017 as under: 7th May – last date for TDS payment for deductions during April 7th May – last date for TCS payment for collections during April 15th May – last date of filing TCS Returns for FY:16-17, Quarter 4 (Jan-Mar) 31st May – last date of filing TDS Returns for…