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. Tax shall be deducted at higher rates mentioned under Section 206AA, if PAN is not furnished by the recipient. Rate of TDS: A recipient who fails to furnish PAN to…
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 quarter. What is the benefit of filing a Nil TDS Statement? The benefit of this facility is that instead of filing nil TDS/TCS Statement for a particular quarter/period, one just…
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 file seamless & error-free TDS/TCS returns, without any professional help. Tax on Salary – Popular Exemptions & Deductions