Basic principles of TDS Compliance
The following are the basic principles of TDS compliance: Deduction/ Collection of Tax at Correct Rates Timely Deposit of Tax Deducted at Source Accurate Reporting…
View More Basic principles of TDS ComplianceProcessing of statements might take 7 to 10 working days from date of filing
An important information regarding TDS statement has been displayed at TRACES website which states as follows: Considering peak statement filing time, processing of statements might…
View More Processing of statements might take 7 to 10 working days from date of filingFAQ on TDS/TCS Credit
What is view TDS / TCS credit? This is a facility which can be availed by deductor in order to verify whether the PANs for…
View More FAQ on TDS/TCS CreditTDS Statement filing for Q4 for FY: 2014-15 – Please don’t wait for the last moment for your submissions
CPC (TDS) has issued an advisory communication to all deductors stating that they should not wait for the last moment to submit their TDS statements…
View More TDS Statement filing for Q4 for FY: 2014-15 – Please don’t wait for the last moment for your submissionsCommon Errors in TDS Returns – Be careful
Following are some useful guidelines to avoid common mistakes, while submitting TDS Statements and you are requested to go through the following in detail. Incorrect…
View More Common Errors in TDS Returns – Be carefulDifferent statuses available on TRACES regarding TDS / TCS statement
Below are the Different statuses available on TRACES regarding TDS / TCS statement Following processing status shall be displayed for regular statement: Pending for Processing…
View More Different statuses available on TRACES regarding TDS / TCS statementRequirement for obtaining evidence/ particulars by employer for TDS -Section 192
Currently, the person responsible for paying salary has to depend upon the evidence/ particulars furnished by the employee in respect of deductions, exemptions and set-off…
View More Requirement for obtaining evidence/ particulars by employer for TDS -Section 192Tips to avoid all types of TDS Defaults
One can avoid defaults in the TDS statements, by way of adherence to the following basic principles:Â Â Timely Payment of total taxes deducted/ collected Correct…
View More Tips to avoid all types of TDS DefaultsDos & Don’ts for TDS Returns
Given below are some do’s and don’t for filing of TDS returns: Do’s Ensure that TDS return is filed with same TAN against which TDS…
View More Dos & Don’ts for TDS ReturnsStatutory provisions attracted on failure to deposit tax in government account after deduction
Where the employee has deducted the tax at source but failed to deposit wholly or partly, the tax so deducted in government account, the following…
View More Statutory provisions attracted on failure to deposit tax in government account after deduction