Based on a sample survey of around 100 organizations that shifted out of outsourcing, some of the popularly cited reasons included the following: Receiving a…
View More Popular reasons for shifting out from outsourcing to preparing TDS Returns in-houseCategory: General
Interest on Late Payment of TDS
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…
View More Interest on Late Payment of TDSEmployers required to collect PAN of the lender banks from the employees to claim Interest in House Property in the salary return
The Finance Act, 2015 had introduced a new section 192(2D) of the Income-tax Act, wherein the employer was obliged to collect the necessary evidence or…
View More Employers required to collect PAN of the lender banks from the employees to claim Interest in House Property in the salary returnTDS & TCS Rate Chart (FY: 2018-19 / AY: 2019-20)
 TDS RATE CHART FY: 2018-19 (AY: 2019-20) Section Nature of Payment Threshold Indv/ HUF Others   Rs. TDS Rate (%) 192 Salaries …
View More TDS & TCS Rate Chart (FY: 2018-19 / AY: 2019-20)Last date for filing of TDS returns for Q4 of FY: 2017-18 – 31st May
31st May – last date of filing TDS Returns for FY: 2017-18, Quarter 4 (Jan – Mar) 30th May – last date for TCS Certificates…
View More Last date for filing of TDS returns for Q4 of FY: 2017-18 – 31st MayInterest on Late Payment of TCS
In case the assessee deposits the TCS (Tax Collection at Source) Payment after the due date of payment of the tax deducted at source, he…
View More Interest on Late Payment of TCSInterest on Late Payment of TDS
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…
View More Interest on Late Payment of TDSInterest on Late Deduction of TDS
The due date for deduction is either at the time of giving credit or payment of the dues, whichever is earlier. Late deduction happens in…
View More Interest on Late Deduction of TDSDifference 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 DeductionCalculation of Late Payment Interest
If the tax is deducted on 8th June it becomes due on 7th of next month i.e. 7th July (except for March for which it…
View More Calculation of Late Payment Interest