The procedure for requesting Form 16 from TRACES website has been given below: Since FY:18-19 onwards, the Income Tax department is now providing both Part A and Part B of Form 16 (TDS certificate for employee) The steps for requesting Form 16 are: Login to TRACES after giving User ID, Password, TAN of the Deductor…
The sections under which interest for various delays/ defaults need to be paid are as follows: Section 234A for delay in filing the return of income Section 234B for default in payment of advance tax Section 234C for deferment of payment of individual installment or installments of advance tax Section 234D for excess refund granted…
As part of the initiative in improving liquidity owing to the COVID crisis, it has been announced that TDS / TCS rates for non-salary payments will be reduced by 25% across the board. This would be for all payments from 14th May 2020 to 31st March 2021. The revised TDS / TCS chart is as under: TDS…
* 7th October – due date for TDS/TCS payment for deductions/collections during September, 2020 * Make sure to do the needful to avoid interest. Interest on Late Payment of TDS