Given below are the points one should remember regarding TDS statement: Correct Reporting: Cancellation of TDS return and deductee row is no longer permissible. Accordingly, it…
View More Points to remember regarding TDS statementCategory: TDS certificates
TDS Certificates
FAQ on Online Correction
What is Online Correction? TRACES has provided the functionality of “Online Correction” where deductor can perform correction of TDS return /TCS return online. Following are the…
View More FAQ on Online CorrectionBudget 2019 – Relaxation of Section 201 in respect of payments to non-residents
If the deductor fails to deduct whole or any part of the tax or he fails to deposit the tax to credit of Central Govt.…
View More Budget 2019 – Relaxation of Section 201 in respect of payments to non-residentsReasons 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-CPCDue date for issuance of TDS certificates for Q2 of FY: 2019-20
Due date for issuance of TDS certificates for Q2 of FY: 2019-20 – 15th November, 2019 Note: The above is applicable for deductors other than…
View More Due date for issuance of TDS certificates for Q2 of FY: 2019-20FAQ on Online Correction
What is Online Correction? TRACES has provided the functionality of “Online Correction” where deductor can perform correction of TDS return /TCS return online. Following are the…
View More FAQ on Online CorrectionSection 194IB – TDS on Rent (for Individuals & HUF)
Effective from 1st June 2017, individuals & HUF not covered under tax audit have been subjected to deduct tax at source for rent payments if it…
View More Section 194IB – TDS on Rent (for Individuals & HUF)What is form 16C?
Form 16C is the newly introduced TDS certificate to be issued by rent payer (deductor) i.e. individuals & HUF’s who are not under Tax audit…
View More What is form 16C?Fees 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 ReturnsDos & Don’ts for TDS Returns
Given below are some dos and don’ts for the filing of TDS returns: Dos Ensure that TDS return is filed with the same TAN against…
View More Dos & Don’ts for TDS Returns