TCS Return – Due Date 15th January for Quarter 3
15th January is the last date for filing TCS Returns for FY:19-20, Quarter 3. Typically TCS is applicable on sale of items like scrap, forest products,…
View More TCS Return – Due Date 15th January for Quarter 3Special Combo Offer on TDSMAN (FY: 2019-20 & FY: 2020-21)
Get Standard Editions of TDSMAN (FY: 2019-20) & TDSMAN (FY: 2020-21) at Rs. 5850/- + GST @ 18% instead of Rs. 7800/- + GST@18% Click here to Order…
View More Special Combo Offer on TDSMAN (FY: 2019-20 & FY: 2020-21)Statutory provisions attracted on failure to deposit tax in government account after deduction
If the employer 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 deductionWhat is the Interest for non-payment of tax as per demand notice?
Let us first understand the provisions of section 220(1) relating to payment of tax as per demand notice. Then we will understand the provision for…
View More What is the Interest for non-payment of tax as per demand notice?7th January – due date for TDS & TCS payment for December
7th January, 2020 is the due date for TDS and TCS payments for the deductions made in December 2019. Make sure to do the needful…
View More 7th January – due date for TDS & TCS payment for DecemberTDSMAN updated with FVU ver. 6.5 & FVU ver. 2.161
TDSMAN has been updated for the following newly released File Validation Utilities: FVU ver. 6.5 – For statement pertaining to FY 2010-11 onwards FVU ver. 2.161 –…
View More TDSMAN updated with FVU ver. 6.5 & FVU ver. 2.161Key Features – File Validation Utility (FVU) version 6.5 & 2.161
File Validation Utility (FVU) version 6.5 Addition of new section code 194N (i.e. “Payment of certain amounts in cash”) for Form 27Q Same will be…
View More Key Features – File Validation Utility (FVU) version 6.5 & 2.161FAQ on Online Correction
What is Online Correction? TRACES has provided the functionality of “Online Correction” where deductor can perform correction of TDS return /TCS return online. Following are the…
View More FAQ on Online CorrectionInterest Liability for TDS Assessee-in-Default
A TAN holder who fails to deduct whole or any part of the tax at source is treated as an assessee-in-default. But, as per provision…
View More Interest Liability for TDS Assessee-in-DefaultInterest Liability for TCS Assessee-in-Default
A TAN holder who fails to collect whole or any part of the tax at source is treated as an assessee-in-default. But, as per provision…
View More Interest Liability for TCS Assessee-in-Default