Following are some useful information to adhere before submitting Corrections, with special reference to C3 & C9 What are C3 & C9 Corrections? C3 Correction…
View More Important points to consider while submitting CorrectionsCategory: TCS certificates
Penalty for non furnishing of PAN in TDS statement
In case, the PAN Numbers are not furnished by the deductees, the respondent-assessee cannot be penalised under Section 272B. Section 139A also imposes the obligation…
View More Penalty for non furnishing of PAN in TDS statementApplicability of TDS on service provided by non-residents
Fees for services rendered by non-resident is deemed to accrue or arise in India, whether or not non-resident has place of business in India if…
View More Applicability of TDS on service provided by non-residentsFrequently Asked Questions (FAQ) on Justification Report
1.What is a justification report? It is a document which serves as an annexure to the intimation to be sent to the deductor. Intimation will…
View More Frequently Asked Questions (FAQ) on Justification ReportQuote correct BIN while filing TDS/TCS statement
It is mandatory for Government deductors, who are reporting TDS without payment through bank challans, to quote correct Book Identification Number (BIN), while filing TDS/TCS…
View More Quote correct BIN while filing TDS/TCS statementNew PAN application forms and document required for PAN application
There are two types of PAN applications:Â 1. Application for allotment of PAN: Â This application form should be used when the applicant has never applied…
View More New PAN application forms and document required for PAN applicationCPC(TDS) Advisory Communication regarding Certificate u/s 197/197A for Lower or No Deduction of Tax
CPC(TDS) has issued a letter to all deductors regarding clarification of Lower Deduction/No deduction u/s 197 or 197A The letter produced is here as under: Date…
View More CPC(TDS) Advisory Communication regarding Certificate u/s 197/197A for Lower or No Deduction of TaxCPC (TDS) notice to deductors for payment of outstanding demands including late fees u/s 234E
As per the records of Centralized Processing Cell (TDS), the TDS Statement(s) for some of the quarters have not been submitted within the prescribed due…
View More CPC (TDS) notice to deductors for payment of outstanding demands including late fees u/s 234EMandatory to submit Form 27A generated by File Validation Utility (FVU)
With effect from February 1, 2014, it is mandatory to submit Form 27A generated by TDS/TCS FVU (File Validation Utility) duly signed, along the TDS/TCS…
View More Mandatory to submit Form 27A generated by File Validation Utility (FVU)Department notice to Tax Payers regarding Form 16/16A
The department has issued a notice to every Tax Payer stating that every tax payer should insist on getting Form 16/16A from their deductor downloaded…
View More Department notice to Tax Payers regarding Form 16/16A