FAQ on Late TDS/TCS Filing
What is the Late Filing Fee u/s 234(E) of the Income Tax Act, 1961? As per section 234E, where a person fails to file the…
View More FAQ on Late TDS/TCS FilingChanges in procedure for online upload of e-TDS/TCS statement(s) and Annual Information return (AIR)
As you are aware, currently online upload of e-TDS/TCS statement(s) and Annual Information return (AIR) facility is provided by NSDL e-Governance Infrastructure Limited (NSDL e-Gov)…
View More Changes in procedure for online upload of e-TDS/TCS statement(s) and Annual Information return (AIR)Do’s & Dont’s for TDS Returns
Given below are some dos and dont for filing of TDS returns: Dos Ensure that TDS return is filed with same TAN against which TDS…
View More Do’s & Dont’s for TDS ReturnsFees 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 ReturnsHealthy Practices for Error-Free TDS Returns
Healthy practices for error-free TDS returns has been given below: Deduction/ Collection of Tax at Correct Rates. Timely Deposit of Tax Deducted at Source. Accurate…
View More Healthy Practices for Error-Free TDS ReturnsPoints to be remembered by the purchaser/buyer of the property
Following are the points to be remembered by the buyer of the property: Deduct TDS @ 1% on the total sale consideration. Collect the Permanent…
View More Points to be remembered by the purchaser/buyer of the propertyChanges in due dates of TDS return filing w.e.f 01.06.2016
Currently, the Due dates for filing of TDS returns are different for Government Deductors and Non Government Deductors, which is as follows : Sl. No. Date…
View More Changes in due dates of TDS return filing w.e.f 01.06.2016Due Dates for the month of May 2016
7 May 2016 – Due date for deposit of Tax deducted/collected for the month of April, 2016. However, all sum deducted/collected by an office of…
View More Due Dates for the month of May 2016Steps to follow in case of Late Payment Intimation Received
Follow the steps mentioned below in case of Late Payment Intimation Received: The default amount will have to be deposited through challan number ITNS –…
View More Steps to follow in case of Late Payment Intimation ReceivedPoints to be remembered by the Seller of the property
Following are the points to be remembered by the seller of the property: Provide a copy of PAN Card to the Purchaser of the property…
View More Points to be remembered by the Seller of the property