The pragmatic Budget of 2021 introduces new TDS/ TCS provisions with a view to not only minimize tax evasion, insinuate higher TDS/TCS rates in case…
View More TDS/TCS Provisions – Union Budget 2021Month: March 2021
Difference 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 DeductionCompliances for March 2021
7th March 2021- Due date for TDS/TCS payment for deductions/collections during February 2021 31st March 2021 – Due date for filling TDS/TCS Returns for Q1 and…
View More Compliances for March 2021Statutory 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 deduction