Recently, the Kerala High Court (High Court) in the case of P V S Memorial Hospital Ltd1 (the taxpayer) held that if the tax is…
View More If tax is deducted under a wrong provision of the Income-tax Act, the payment is to be disallowed under Section 40(a)(ia) of the said ActCategory: TDS certificates
TDS Certificates
Important Due Dates for the month of August 2015
7 August 2015 – Due date for deposit of Tax deducted/collected for the month of July, 2015 15 August 2015 – Quarterly TDS certificate (in…
View More Important Due Dates for the month of August 2015CPC (TDS) thanks deductors for availing Online Correction facility at TRACES
CPC (TDS) has issued a communication in which it has thanked deductors for promptly availing the Online Correction facility at TRACES on receipt of Intermediate Defaults Communication. …
View More CPC (TDS) thanks deductors for availing Online Correction facility at TRACESImportant information for downloading of TDS Certificates
Given below are some important information regarding downloading of TDS certificates. Refer to the following provisions of the Income Tax Act, 1961: Downloading of TDS…
View More Important information for downloading of TDS CertificatesPoints to remember before filing the quarterly TDS statement
Given below are the points one should remember before filing quarterly TDS statement: Correct Reporting: Cancellation of TDS return and deductee row is no longer permissible. Accordingly,…
View More Points to remember before filing the quarterly TDS statementTDS and TCS Rates Chart for F.Y. 2015-16
The TDS and TCS rates chart for the financial year 2015-16 has been given below: TDS rates for F.Y. 2015-16 Nature of Payment Made To Residents…
View More TDS and TCS Rates Chart for F.Y. 2015-16Fees and Penalty for Late Filing of TDS Returns
Fees and Penalty for Late Filing of TDS Returns are as follows: Section 234E-Levy of Fees Failure to submit TDS return on time will result in…
View More Fees and Penalty for Late Filing of TDS ReturnsCommon Errors in TDS Returns -Be careful
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 Common Errors in TDS Returns -Be carefulExclusive offer for our Blog subscribers & readers
We thank all our subscribers and visitors for relying upon the TDSMAN Blog which has been progressing steadily ever since its launch around four years…
View More Exclusive offer for our Blog subscribers & readersBasic principles of TDS Compliance
The following are the basic principles of TDS compliance: Deduction/ Collection of Tax at Correct Rates Timely Deposit of Tax Deducted at Source Accurate Reporting…
View More Basic principles of TDS Compliance