TDS on Non-Salary Payments – Good Practices
We are sharing with you some insights on good practices related to tax deductions for non-salary related payments: Based on the type of payment, make…
View More TDS on Non-Salary Payments – Good PracticesEnhance Goodwill with TDS Compliances
For tax deductions of employees, vendors or others, one needs to ensure timely transfer of tax credit to their account. This is possible only by…
View More Enhance Goodwill with TDS CompliancesSteps for Preparing Correction Returns
Steps: Request for TDS (Consolidated) file from Traces Download requested TDS (Consolidated) file from Traces Upload TDS(Consolidated) file for correction into the software Make corrections…
View More Steps for Preparing Correction Returns7th December – last date for TDS & TCS payment
Please note that 7th December 2018 is the last date for TDS and TCS payments for the deductions made in November 2018. Make sure to do the…
View More 7th December – last date for TDS & TCS paymentSteps for registration and e-filing of Form 15G and Form 15H
Below are the steps for registration and e-filing of Form 15G and Form 15H at the Income Tax India e-filing portal. Registration You need to…
View More Steps for registration and e-filing of Form 15G and Form 15HFrequently Asked Questions (FAQ) on Form 16/16A
What is Form 16 / 16A? It is the certificate of deduction of tax at source by any person in accordance with Chapter XVII-B of…
View More Frequently Asked Questions (FAQ) on Form 16/16ASteps for requesting Form 16
The procedure for requesting Form 16 from TRACES website has been given below: From FY:18-19 onwards, the Income Tax department is now providing both Part…
View More Steps for requesting Form 16File your TDS Returns (Q2) by 31st October, 2018
LAST DATE OF TDS RETURN FILING FOR QUARTER 2, FY: 2018-19 IS 31st OCTOBER, 2018 With the introduction of Section 234E, there is now a…
View More File your TDS Returns (Q2) by 31st October, 2018Points to remember regarding TDS statement
Given below are the points one should remember regarding TDS statement: Correct Reporting: Cancellation of TDS return and deductee row is no longer permissible. Accordingly, it…
View More Points to remember regarding TDS statementPopular reasons for shifting out from outsourcing to preparing TDS Returns in-house
Based on a sample survey of around 100 organizations that shifted out of outsourcing, some of the popularly cited reasons included the following: Receiving a…
View More Popular reasons for shifting out from outsourcing to preparing TDS Returns in-house