1. Section 206AB Applicability: This shall be effective from 1st July’21 Specified person has not filed the ITR for 2 previous years and time limit…
View More TDS / TCS at Higher Rates for Non-filers of IT-ReturnMonth: September 2022
Procedure of preparing e-Returns for TDS / TCS
E-Returns for TDS / TCS was first introduced in 2002-03 and it has come a long way ever since. Currently, less than 1% are still…
View More Procedure of preparing e-Returns for TDS / TCSLate 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?Section 194LBB – Income in respect of units of the Investment Fund
Section 194LBB of the Income Tax Act, 1961 has been inserted with effect from 1st June 2015 on TDS deduction on Income from Investment Funds. Time…
View More Section 194LBB – Income in respect of units of the Investment FundSection 206AA – TDS on payments made to non-residents and residents not having PAN
A person receiving any amount, on which TDS is deductible under Chapter XVIIB shall furnish his PAN to the person responsible for deducting such tax.…
View More Section 206AA – TDS on payments made to non-residents and residents not having PANPreparing 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 / DeclarationTDS / TCS Compliance Reminder for September 2022
7th September 2022 – Due date for TDS/TCS payment for deductions/collections during August 2022 *Please ensure timely compliance to avoid interest and/or penalties Use TDSMAN Software to…
View More TDS / TCS Compliance Reminder for September 2022