We are pleased to announce the release of TDSMAN (FY: 2018-19) – one of the most comprehensive and popular software for TDS Returns. It will serve you for: All TDS Returns for FY: 2018-19 TDS Returns for Quarter 4 – FY: 2017-18 Pending TDS Returns of earlier years, if any Rectification of TDS Defaults The…
Please note that 7th February, 2018 is the last date for TDS and TCS payments for the deductions made in January 2018. Make sure to do the needful on time to avoid interest. To understand the details/ calculations for late payment interest click on the links below. Calculation of Late Payment Interest Interest on Late Payment…
The Income Tax Department has released today (11th January, 2018), the following new File Validation Utilities: FVU version 5.7 – For statement pertaining to FY 2010-11 onwards FVU version 2.153 – For statement up to FY 2009-10 Click here to view the key features of FVU version 5.7 & FVU 2.153 TDSMAN will incorporate new…
If the tax is deducted on 8th June it becomes due on 7th of next month i.e. 7th July (except for March for which it is 30th April), if this tax is deposited on 10th July to the government’s account i.e. not before 7th of July then it attracts interest at the rate of 1.5%…
If tax was deductible on 2nd June (i.e. at the time of giving credit or actual payment of the dues whichever is earlier) but was deducted on 3rd June then the interest charged would be 1% of the amount for the late deduction. Difference between Late Payment & Late Deduction Interest on Late Deduction of…
The difference between late payment and late deduction: Late payment: After the tax is deducted at source it has to be deposited into the government account by 7th of the next month (except March for which it is 30th April). If it is deposited later than the due date, late payment interest is charged. The…
In case the assessee deposits the TDS Payment after the due date of payment of the tax deducted at source, he shall be liable to pay interest @1.5% for every month or every part of the month during which the amount is not deposited with the government. Interest @ 1.5% is liable to be paid…
Get Standard Editions of TDSMAN (FY: 2017-18) & TDSMAN (FY: 2018-19) at Rs. 5600/- + GST @ 18% instead of Rs. 7400/- + GST@18% Click here to Order Now Prepare TDS Returns for all quarters for the current financial year and earlier years (including preparing Correction Statements) and also the forthcoming financial year. Please note TDSMAN (FY: 2017-18) will…
All tax deductions for December 2017 need to be deposited latest by 7th January 2018. Filing of TDS Returns for the quarter ended December 2017 (FY:2017-18 Quarter 3) is already under way since 1st January and the last date is 31st January 2018. Last date for filing TCS return is 15th January, 2018 and for…
Please note that 7th January, 2018 is the last date for TDS and TCS payments for the deductions made in December 2017. Make sure to do the needful on time to avoid interest. To understand the details/ calculations for late payment interest click on the links below. Calculation of Late Payment Interest Interest on Late Payment of…