Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, 24th December, 2018 PRESS RELEASE Exception from online filing…
View More Exception from online filing of application under section 197 and 206C (9) in the cases of NRIs and resident applicantsMonth: January 2019
Kerala High Court stays collection of GST on TCS (Income Tax) in the matter of PSN Automobiles Private Limited Vs. UOI & CBIC (Kerala High Court at Ernakulam)
CBIC vide Circular No. 76/50/2018-GST dated 31st December, 2018 clarified that taxable value for the purposes of GST shall include the TCS amount collected under the provisions of…
View More Kerala High Court stays collection of GST on TCS (Income Tax) in the matter of PSN Automobiles Private Limited Vs. UOI & CBIC (Kerala High Court at Ernakulam)CBDT Press Release on mass prosecution notices
Central Board of Direct Taxes (CBDT) | Press Release | 20.01.2019 New Delhi: Central Board of Direct Taxes (CBDT) today said that certain news items…
View More CBDT Press Release on mass prosecution noticesTDS Returns Software for FY: 2019-20 Released
On popular demand, we are pleased to announce the release of TDSMAN (FY: 2019-20). Now you can prepare TDS Returns for Q3 & Q4 of…
View More TDS Returns Software for FY: 2019-20 ReleasedConsequences of TDS defaults
Failure to deduct taxes or wrong deduction of TDS (non deposit, short deposit or late deposit) : Default/ Failure Section Nature of Demand Quantum of…
View More Consequences of TDS defaultsCalculation of Late Payment Interest
If the tax is deducted on 8th June it becomes due on 7th of next month i.e. 7th July (except for March for which it…
View More Calculation of Late Payment InterestCalculation of Late Deduction Interest
If tax was deductible on 2nd June (i.e. at the time of giving credit or actual payment of the dues whichever is earlier) but was…
View More Calculation of Late Deduction InterestDifference between Late Payment & Late Deduction
The difference between late payment and late deduction: Late payment: After the tax is deducted at source it has to be deposited into the government…
View More Difference between Late Payment & Late DeductionInterest on Late Payment of TDS
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…
View More Interest on Late Payment of TDSInterest on Late Deduction of TDS
The due date for deduction is either at the time of giving credit or payment of the dues, whichever is earlier. Late deduction happens in…
View More Interest on Late Deduction of TDS