Preparing TDS Returns is a simple process and usually does not require any external assistance. However, it is well advised to follow few practices that…
View More Healthy Practices for Error-Free TDS ReturnsMonth: February 2021
Preparing Salary TDS Return – Form 24Q (Q4)
Form 24Q (Salary TDS Return), in the fourth quarter (Q4) includes two annexures – Annexure I and Annexure II. – Annexure I is the regular…
View More Preparing Salary TDS Return – Form 24Q (Q4)TDS Under Section 194J(a) & 194J(b)
The existing section code 194J (i.e. Fees for Professional or Technical Services) has been sub-divided now into two sections, 194J(a) and 194J(b), effective from August…
View More TDS Under Section 194J(a) & 194J(b)Clarifications on new TCS provisions applicable from 1st October 2020
The Central Board of Direct Taxes (CBDT) has issued a detailed clarification on 29th September 2020, regarding the new TDS / TCS provisions set to…
View More Clarifications on new TCS provisions applicable from 1st October 2020Preparing Nil TDS Statement / Declaration
TRACES introduced NIL TDS Statement/Declaration of TDS from the FY 2014-15. This is applicable for Deductors who did not deduct any tax during the relevant…
View More Preparing Nil TDS Statement / DeclarationSalary TDS – Employee to inform Employer for concessional rate
Section 115BAC has been inserted in the Finance Act 2020 in the recent budget. This allows the option to Individuals & HUF to avail concessional…
View More Salary TDS – Employee to inform Employer for concessional rateSection 194IB – TDS on Rent (for Individuals & HUF)
Effective from 1st June 2017, individuals & HUF not covered under tax audit have been subjected to deduct tax at source for rent payments if it…
View More Section 194IB – TDS on Rent (for Individuals & HUF)Fees for Late Filing of TDS Returns
Fees for Late Filing of TDS Returns are as follows: Section 234E-Levy of Fees Failure to submit TDS return on time will result in fees on…
View More Fees for Late Filing of TDS ReturnsTCS on sale of goods – Amendment from 1st October 2020
In the Finance Act 2020, a new sub section has been added which is vide Section 206C (1H) to give effect to the Tax collected…
View More TCS on sale of goods – Amendment from 1st October 2020TDS Returns Software for FY: 2021-22 Released
On popular demand, we are pleased to announce the release of TDSMAN (FY: 2021-22). Now you can prepare TDS Returns for all quarters of FY:…
View More TDS Returns Software for FY: 2021-22 Released