TDS / TCS Compliances Reminder for January 2022
7th January 2022 – Due date for TDS/TCS payment for deductions/collections during December 2021 15th January 2022 – Due date of filing  TCS Return for Quarter 3 of Financial Year 2021-2022…
View More TDS / TCS Compliances Reminder for January 2022New FVUs Version 7.4 & 2.170 released by NSDL – Key Features
New versions of File Validation Utilities (FVUs) for e-TDS/TCS statements are released on 5th January 2022. The key features of this FVU is summarized as…
View More New FVUs Version 7.4 & 2.170 released by NSDL – Key FeaturesSection 194DA- TDS on maturity payment in respect of Life Insurance Policy
TDS needs to be deducted on maturity payment in respect of life insurance policy. Time of Deduction- TDS to be deducted at the time of…
View More Section 194DA- TDS on maturity payment in respect of Life Insurance PolicyPDS Infotech adjudged as one of the ‘Most Trusted Enterprises’ by The Economic Times
Our company, PDS Infotech Pvt. Ltd., has been featured by The Economic Times, as one of the most trusted enterprises in the domain of ‘Ready-to-Use…
View More PDS Infotech adjudged as one of the ‘Most Trusted Enterprises’ by The Economic TimesSignificance of the ‘REMARKS’ in TDS Returns
For the different payment types, as per applicability, standard TDS rates are specified. Under certain provisions of the Act, there could be deviation from this…
View More Significance of the ‘REMARKS’ in TDS ReturnsTDS in case of Salary Payment made in Foreign Currency
As per Section 192 of the Income Tax Act, “any person responsible for paying any amount under the head salaries is required to deduct tax…
View More TDS in case of Salary Payment made in Foreign CurrencyCoexistence of TDS 194Q and TCS 206C(1H) after Budget of 2021
Section 194Q – TDS on Purchase of Goods limits the scope and applicability of the Section 206C(1H) – TCS on Sale of Goods as the…
View More Coexistence of TDS 194Q and TCS 206C(1H) after Budget of 2021Preparing Salary TDS Return – Form 24Q (Q4)
Form 24Q (Salary TDS Return), in the fourth quarter (Q4) includes two annexures – Annexure I and Annexure II. – Annexure I is the regular…
View More Preparing Salary TDS Return – Form 24Q (Q4)Allocation of Interest in TDS Returns
For delayed payment of TDS or delayed deduction, the deductor needs to pay interest for these delays. The interest is paid in through Challan /…
View More Allocation of Interest in TDS ReturnsSection 194P – Relaxation from filing ITR (Effective 1st Apr’21)
Relief to Whom? Senior Citizen is a resident of India and of age 75years or above during the previous year. Is liable to file return…
View More Section 194P – Relaxation from filing ITR (Effective 1st Apr’21)