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…
View More Fees and Penalty for Late Filing of TDS ReturnsCategory: TDS certificates
TDS Certificates
Belated Issue or Non Issue of TDS Certificate
Failure to issue TDS certificate within the time allowed, attracts penalty of Rs. 100/- per day of default (Sec 272A(2)(g)). However, penalty will not exceed…
View More Belated Issue or Non Issue of TDS CertificateDue dates for filing TDS returns
Every person responsible for making payment of nature covered by TDS provisions of Income Tax Act shall be responsible to deduct tax at source while…
View More Due dates for filing TDS returnsUpdate TDSMAN immediately for the new TRACES integration
In the evening of 12th July 2013, TRACES has restructured their website which resulted in changes in the links of the different functions (such as…
View More Update TDSMAN immediately for the new TRACES integrationPersons responsible to deduct TDS and the responsibilities of the deductor
The persons responsible to deduct TDS are mainly: Principal Officer of a company for TDS purpose including the employer in case of private employment or…
View More Persons responsible to deduct TDS and the responsibilities of the deductorConsequences of TDS defaults
Failure to deduct taxes or wrong deduction of TDS (non deposit, short deposit or late deposit): Default/ Failure Section Nature of Demand Quantum of demand or…
View More Consequences of TDS defaultsCorrection Statements – FVU version 3.8 validation incorporated
NSDL had launched the new FVU version 3.8 with effect from 1st July 2013 with major changes. Owing to this, downloading of Consolidated TDS file…
View More Correction Statements – FVU version 3.8 validation incorporatedIncome Tax Refund without matching of TDS
CBDT has issued an important instruction to all officers regarding refund of TDS without matching of tds amount with form 26AS. As per new instructions…
View More Income Tax Refund without matching of TDSTDS Returns -Employee details to have breakup of earnings from current employer and previous employers during the Financial Year
From Financial Year 2013-14 (AY: 2014-15), while preparing the employee details to file TDS Returns (Form 24Q) in the 4th quarter (Jan-Mar), a provision has…
View More TDS Returns -Employee details to have breakup of earnings from current employer and previous employers during the Financial YearTDSMAN updated with FVU Ver. 3.8
TDSMAN has been updated in compliance with the significant structural changes as per the new File Validation Utilitiy-FVU Ver 3.8 that has come into effect…
View More TDSMAN updated with FVU Ver. 3.8