The process of filing a Revised Return is the same as filing an Original Return. The only difference is that in the Excel utility (Return…
View More Process of filing a Revised Income Tax ReturnCategory: Traces
Fees 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…
View More Fees and Penalty for Late Filing of TDS ReturnsBelated 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 CertificateImportant proofs while filing IT return
Following are some important list of the proof used for taking advantages of deductions under sec 80 C of IT act :- 1. Life Insurance…
View More Important proofs while filing IT returnDue 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 returnsOnline Income Tax Return Filing
Online Income Tax Return filing can be done in two ways: (1) Without Digital Signature, wherein the XML is uploaded on the server of IT…
View More Online Income Tax Return FilingUpdate 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 incorporated