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 pay interest @1.5% for every month or every part of the month during which the amount is not deposited with the government. Interest @ 1.5% is liable to be paid…
7th April 2021 – Due date for TCS payment for collection during March 2021 30th April 2021 – Due date for TDS payment for deduction during March 2021 15th April 2021 – Due date for issuing TDS/TCS certificate for Q1 & Q2 of Financial Year 20-21 *Please ensure timely compliance to avoid interest and/or penalties Use TDSMAN Software to file…
New versions of File Validation Utilities (FVUs) for e-TDS/TCS statements are released today (2nd April 2021). Apart from others, this FVU takes care of the new section 115BAC incorporated in the Budget of FY:20-21. With the introduction of this new section, each employee has the option to choose between the existing & the new computation…