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 TDSMonth: January 2020
Interest 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 TDSSections under which interest for various defaults need to be paid
The sections under which interest for various defaults need to be paid are as follows: Section 234A for delay in filing the return of income…
View More Sections under which interest for various defaults need to be paidTCS Return – Due Date 15th January for Quarter 3
15th January is the last date for filing TCS Returns for FY:19-20, Quarter 3. Typically TCS is applicable on sale of items like scrap, forest products,…
View More TCS Return – Due Date 15th January for Quarter 3Special Combo Offer on TDSMAN (FY: 2019-20 & FY: 2020-21)
Get Standard Editions of TDSMAN (FY: 2019-20) & TDSMAN (FY: 2020-21) at Rs. 5850/- + GST @ 18% instead of Rs. 7800/- + GST@18% Click here to Order…
View More Special Combo Offer on TDSMAN (FY: 2019-20 & FY: 2020-21)Statutory provisions attracted on failure to deposit tax in government account after deduction
If the employer has deducted the tax at source but failed to deposit wholly or partly, the tax so deducted in government account, the following…
View More Statutory provisions attracted on failure to deposit tax in government account after deductionWhat is the Interest for non-payment of tax as per demand notice?
Let us first understand the provisions of section 220(1) relating to payment of tax as per demand notice. Then we will understand the provision for…
View More What is the Interest for non-payment of tax as per demand notice?7th January – due date for TDS & TCS payment for December
7th January, 2020 is the due date for TDS and TCS payments for the deductions made in December 2019. Make sure to do the needful…
View More 7th January – due date for TDS & TCS payment for December