Taxpayers, deductors or collectors can pay direct taxes through Authorised Bank branches either physically, through ATM or through internet. Type of Challans to be used for tax payments Challan Description ITNS 280 For depositing Advance tax, Self Assessment tax, Tax on Regular Assessment, Surtax, Tax on Distributed Profits of Domestic Company and Tax on Distributed income…
Please note the TDS/TCS Compliance dates for July 2018 as under: 7th July – last date for TDS payment for deductions during June 7th July – last date for TCS payment for collections during June 15th July – last date of filing TCS Returns for FY:18-19, Quarter 1 (Apr-Jun) 31st July – last date of filing TDS Returns for…
Following are the basic duties of the person who is liable to deduct tax at source: He shall obtain Tax Deduction Account Number and quote the same in all the documents pertaining to TDS. He shall deduct the tax at source at the applicable rate. He shall pay the tax deducted by him at source…