Section 194C of the Income Tax Act, 1961 states that any payment to a transporter is subject to a Tax Deduction at Source (TDS) at…
View More Section 194C – TDS on TransporterCategory: TCS certificates
Healthy Practices for Error-Free TDS Returns
Healthy practices for error-free TDS returns has been given below:Â Deduction/ Collection of Tax at Correct Rates. Timely Deposit of Tax Deducted at Source. Accurate…
View More Healthy Practices for Error-Free TDS ReturnsNil TDS Statement / Declaration – Overview
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…
View More Nil TDS Statement / Declaration – OverviewSteps for Preparing Correction Returns
Steps: Request for TDS (Consolidated) file from Traces Download requested TDS (Consolidated) file from Traces Upload TDS(Consolidated) file for correction into the software Make corrections…
View More Steps for Preparing Correction ReturnsReasons to reject the correction in challan detail by TDS-CPC
Rejection reasons pertaining to challan details are as follows: Challan detail record on which correction has been filed does not exist in regular / previous…
View More Reasons to reject the correction in challan detail by TDS-CPCFees for Late Filing of TDS Returns
Fees for Late Filing of TDS Returns are as follows: Section 234E-Levy of Fees Failure to submit TDS return on time will result in fees on…
View More Fees for Late Filing of TDS ReturnsLast date for issuance of TCS certificates for Q1 of FY: 2019-20
Last date for issuance of TCS certificates for Q1 of FY: 2019-20 – 30th July, 2019 Note: The above is applicable for deductors other than…
View More Last date for issuance of TCS certificates for Q1 of FY: 2019-20Useful guidelines to avoid common mistakes while submitting TDS Statements
Following are some useful guidelines to avoid common mistakes, while submitting TDS Statements and you are requested to go through the following in detail. Incorrect…
View More Useful guidelines to avoid common mistakes while submitting TDS StatementsFile your TDS Returns (Q1) by 31st July, 2019
LAST DATE OF TDS RETURN FILING FOR QUARTER 1, FY: 2019-20 IS 31st July, 2019 With the introduction of Section 234E, there is now a…
View More File your TDS Returns (Q1) by 31st July, 2019Healthy Practices for Error-Free TDS Returns
Healthy practices for error-free TDS returns has been given below:Â Deduction/ Collection of Tax at Correct Rates. Timely Deposit of Tax Deducted at Source. Accurate…
View More Healthy Practices for Error-Free TDS Returns