CPC (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 TRACESTax implications of fixed deposits
If you are in the higher tax bracket, that is 20% or 30%, make sure that you pay the additional interest before filing your tax…
View More Tax implications of fixed depositsFor Government deductors, Last date of TDS return filing for Q1, FY: 2015-16 is 31st July, 2015
Last date of TDS return filing for Quarter 1 of FY: 2015-16 is 31st July, 2015 for Government deductors.
View More For Government deductors, Last date of TDS return filing for Q1, FY: 2015-16 is 31st July, 2015Important 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 CertificatesI-T dept to bring one crore new people under tax net this fiscal
The income tax department has launched an ambitious drive to bring under its net 10 million new taxpayers, after the government recently asked the official…
View More I-T dept to bring one crore new people under tax net this fiscalReasons for rejection of correction statement by TDSCPC
Following are the common reasons for rejecting a correction statement: TAN is not valid as per data at TDSCPC Statement corresponding to regular token number…
View More Reasons for rejection of correction statement by TDSCPCProcessing of statements might take 7 to 10 working days from date of filing
The following information has been displayed on TRACES website: Considering peak statement filing time, processing of statements might take 7 to 10 working days from…
View More Processing of statements might take 7 to 10 working days from date of filingAvoiding defaults in the TDS statements
One can avoid defaults in the TDS statements, by way of adherence to the following basic principles: Timely Payment of total taxes deducted/ collected Correct…
View More Avoiding defaults in the TDS statementsPoints 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. 2015-16