Preparing TDS Returns is a simple process and usually does not require any external assistance. However, it is well advised to follow few practices that ensure the correctness of your filed TDS Return. This means that correct credit will be received by the employees and vendors. Moreover, it will help avoid receiving unwanted Default Notices…
There are 6 types of corrections namely C1, C2, C3, C4, C5, C9. The following table briefly talks about each correction type: Type Corrections in: C1 Deductor details: All details of deductor except the TAN No. can be modified. C2 Challan details: All details of the challan can be modified. C2 can include C1 type…
Preparing TDS Returns is a simple process and usually does not require any external assistance. However, it is well advised to follow few practices that ensure the correctness of your filed TDS Return. This means that correct credit will be received by the employees and vendors. Moreover, it will help avoid receiving unwanted Default Notices…
There are 6 types of corrections namely C1, C2, C3, C4, C5, C9. The following table briefly talks about each correction type: Type Corrections in: C1 Deductor details: All details of deductor except the TAN No. can be modified. C2 Challan details: All details of the challan can be modified. C2 can include C1 type…
Make sure taxes are deducted on time and at correct deduction rates /amount. The applicable section under which the deduction falls should be correctly applied. Tax needs to be deducted either when payment is made or when the amount is credited, whichever is earlier. It implies that the tax needs to be deducted on the…
As per data provide by the Income Tax Dept., NSDL has recently published the “Software vendorwise percentage of correction TDS/TCS statements accepted and rejected at TIN” which proves TDSMAN (PDS Infotech) to be one of the most accurate & reliable eTDS Software with top acceptance percentage. The data shows an Acceptance of 95% & Rejection of…