Reasons to reject the correction in challan detail by TDS-CPC
Rejection reasons pertaining to challan details are as follows: Challan detail record on which correction has been filed does not exist in regular / previous…
View More Reasons to reject the correction in challan detail by TDS-CPCHealthy 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 TDS/TCS Accurate Reporting of data…
View More Healthy Practices for Error-Free TDS ReturnsSalary TDS – Employee to inform Employer for concessional rate
Section 115BAC has been inserted in the Finance Act 2020 in the recent budget. This allows the option to Individuals & HUF to avail concessional…
View More Salary TDS – Employee to inform Employer for concessional rate‘Most Trusted Award’ – by The Economic Times
Another proud moment for Team TDSMAN. For the second consecutive year, PDS Infotech (P) Ltd. has been bestowed the ‘Most Trusted Award’ by The Economic…
View More ‘Most Trusted Award’ – by The Economic TimesFees for Late Filing of TDS Returns
Fees for Late Filing of TDS Returns are as follows: Section 234E-Levy of Fees Failure to submit TDS return on time will result in fees on…
View More Fees for Late Filing of TDS ReturnsBasic duties of the person who is liable to deduct tax at source
Following are the basic duties of the person who is liable to deduct tax at source: One shall obtain Tax Deduction Account Number and quote…
View More Basic duties of the person who is liable to deduct tax at sourceSection 194C – TDS on Transporter
Section 194C of the Income Tax Act, 1961 states that any payment to a transporter is subject to a Tax Deduction at Source (TDS) at…
View More Section 194C – TDS on TransporterLate Payment Intimation – reasons & how to resolve?
In the TDS Return filed, the intimation for Late Payment can be received for the following reasons: Case #1: There was a delay in payment…
View More Late Payment Intimation – reasons & how to resolve?Special Discount on TDSMAN (FY: 2020-21)
Now you can prepare TDS/TCS Returns for all quarters of the next FY: 20-21 It covers: ✔ All TDS/TCS Returns for FY: 2020-21 ✔ All…
View More Special Discount on TDSMAN (FY: 2020-21)Steps for requesting Form 16
The procedure for requesting Form 16 from TRACES website has been given below: Since FY:18-19 onwards, the Income Tax department is now providing both Part…
View More Steps for requesting Form 16