COVID 2019 – No change in TDS / TCS payment dates
As per the press note issued by Department of Revenue, Ministry of Finance on 31/03/2020, the following has been mentioned related to TDS & TCS:…
View More COVID 2019 – No change in TDS / TCS payment dates7th June – Due date for TDS & TCS payment for May
7th June, 2020 is the due date for TDS and TCS payments for the deductions made in May 2020. Make sure to do the needful…
View More 7th June – Due date for TDS & TCS payment for MayTDS Returns – March 2020 Quarter – Date Extended to 30th June, 2020
As per the gazetted notification issued by Govt. of India, all due dates, prescribed or notified under the Income Tax Act, which will falls during…
View More TDS Returns – March 2020 Quarter – Date Extended to 30th June, 2020Salary 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 rateTDS Returns – Employee details to have breakup of earnings from current employer and previous employers during the Financial Year
From Financial Year 2013-14 (AY: 2014-15), while preparing the employee details to file TDS Returns (Form 24Q) in the 4th quarter (Jan-Mar), a provision has…
View More TDS Returns – Employee details to have breakup of earnings from current employer and previous employers during the Financial YearEmployers required to collect PAN of the lender banks from the employees to claim Interest in House Property in the salary return
The Finance Act, 2015 had introduced a new section 192(2D) of the Income-tax Act, wherein the employer was obliged to collect the necessary evidence or…
View More Employers required to collect PAN of the lender banks from the employees to claim Interest in House Property in the salary returnReduction in TDS / TCS Rates
As part of the initiative in improving liquidity owing to the COVID crisis, it has been announced that TDS / TCS rates for non-salary payments…
View More Reduction in TDS / TCS RatesSpecial Discount on TDSMAN (FY: 2020-21)
On popular demand, we are pleased to announce the release of TDSMAN (FY: 2020-21). Now you can prepare TDS Returns for Q4 of FY: 2019-20…
View More Special Discount on TDSMAN (FY: 2020-21)Dos & Don’ts for TDS Returns
Given below are some dos and don’ts for the filing of TDS returns: Dos Ensure that TDS return is filed with the same TAN against…
View More Dos & Don’ts for TDS ReturnsNil TDS Statement / Declaration – Overview
TRACES introduced NIL TDS Statement/Declaration of TDS from the FY 2014-15. This is applicable for Deductors who did not deduct any tax during the relevant…
View More Nil TDS Statement / Declaration – Overview