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 DeductionCategory: 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 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 TDSTDS on Non-Salary Payments – Good Practices
We are sharing with you some insights on good practices related to tax deductions for non-salary related payments: Â Based on the type of payment, make…
View More TDS on Non-Salary Payments – Good PracticesTDS on interest on deposits under Capital Gains Accounts Scheme, 1988 where the depositor has deceased
CBDT has issued a clarification on TDS charged on the interest on deposits made under Capital Gains Accounts Scheme, 1988 if the depositor has deceased.…
View More TDS on interest on deposits under Capital Gains Accounts Scheme, 1988 where the depositor has deceasedStructure of PAN
PAN stands for Permanent Account Number. This is a 10 character alpha- numeric number used for the identification of the tax paying Indian Nationals. Example:…
View More Structure of PANAdvantages of preparing TDS Returns In-house
Filing accurate TDS Returns on-time is the prime objective – whether done in-house or outsourced. Some of the key advantages do it in-house is summarized…
View More Advantages of preparing TDS Returns In-houseUnused Challan value can be used for future quarters/ financial years
Unused Challan value can be used for future quarters/ financial years Unused tax paid in a challan can be used in the remaining quarters of…
View More Unused Challan value can be used for future quarters/ financial yearsPopular reasons for shifting out from outsourcing to preparing TDS Returns in-house
Popular reasons for shifting out from outsourcing to preparing TDS Returns in-house: Based on a sample survey of around 100 organizations that shifted out of…
View More Popular reasons for shifting out from outsourcing to preparing TDS Returns in-houseDue Dates for the month of July 2017
All tax deductions for June 2017 need to be deposited latest by 7th July 2017 Filing of TDS Returns for the quarter ended June 2017…
View More Due Dates for the month of July 2017