For delayed payment of TDS or delayed deduction, the deductor needs to pay interest for these delays. The interest is paid in through Challan /…
View More Allocation of Interest in TDS ReturnsMonth: September 2021
Section 194B: TDS on Winnings from Horse Races
TDS shall be deducted on winnings from horse races. 1. Applicability: Winning amount needs to be more than Rs 10,000. 2. Deductor: Any person shall…
View More Section 194B: TDS on Winnings from Horse RacesSection 194B: TDS on Winnings from Lottery, Game Shows etc…
TDS shall be deducted on winnings from lottery, game shows and puzzles by the prize distributor. 1. Applicability: Winning amount needs to be more than…
View More Section 194B: TDS on Winnings from Lottery, Game Shows etc…Useful guidelines to avoid common mistakes while submitting TDS Statements
Following are some useful guidelines to avoid common mistakes, while submitting TDS Statements and you are requested to go through the following in detail. Incorrect…
View More Useful guidelines to avoid common mistakes while submitting TDS StatementsLate Payment Intimation – reasons & how to resolve?
In the TDS Return filed, the intimation for Late Payment can be received for the following reasons: Case #1: There was a delay in payment…
View More Late Payment Intimation – reasons & how to resolve?TDS / TCS Compliances for September 2021
7th September 2021 – Due date for TDS / TCS payment for deductions / collections during August 2021 *Please ensure timely compliance to avoid interest and/or penalties Use TDSMAN Software to…
View More TDS / TCS Compliances for September 2021