NRI’s and foreign companies need to furnish PAN details or else they have to pay higher TDS rates. However, they can avoid higher TDS in…
View More How can foreign deductees without PAN avoid higher TDS?Category: General
Waiver of Interest under section 220(2A) by Commissioner
The Principal Chief Commissioner or Chief Commissioner or Principal Commissioner or Commissioner may reduce or waive the amount of interest paid or payable by the…
View More Waiver of Interest under section 220(2A) by CommissionerWhat is the Interest for non-payment of tax as per demand notice?
Let us first understand the provisions of section 220(1) relating to payment of tax as per demand notice. Then we will understand the provision for…
View More What is the Interest for non-payment of tax as per demand notice?Validity of demand notice on filing an appeal to challenge the same
When a demand notice is served and an appeal or proceeding is filed or initiated with respect to the amount specified in the notice of…
View More Validity of demand notice on filing an appeal to challenge the sameTDS Compliances for the Month of April 2019
Last date for payment of tax deductions for March 2019 – 30th April, 2019. Filing of TDS Returns for the quarter ended March 2019 (FY:2018-19…
View More TDS Compliances for the Month of April 2019Interest Liability for TDS Assessee-in-Default
A TAN holder who fails to deduct whole or any part of the tax at source is treated as an assessee-in-default. But, as per provision…
View More Interest Liability for TDS Assessee-in-DefaultHow to calculate the Interest for failure to deduct tax at source?
As per the provisions in section 201, if a person liable to deduct tax at source does not deduct it, then, such person, shall be…
View More How to calculate the Interest for failure to deduct tax at source?TDS/TCS Return – Online Filing
Steps for filing TDS/ TCS Return online: Step – I The data structure (file format) in which the e-TDS / e-TCS return is to be…
View More TDS/TCS Return – Online FilingCalculation 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 InterestCalculation of Late Deduction Interest
If tax was deductible on 2nd June (i.e. at the time of giving credit or actual payment of the dues whichever is earlier) but was…
View More Calculation of Late Deduction Interest