TDS / TCS (Income Tax) – Information & Resource Bank
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…
CPC (TDS) has released a follow up communication to all deductors regarding defaults in quarterly TDS return exceeding Rs. 25 Lac from FY 2007-08 to Q3, FY 2015-16. The released communication has been given below: Date of communication: 12/02/2016 Dear Deductor (TAN XXXXXXXXX) Centralized Processing Centre (TDS) has observed from its records that as on 31st…
CPC (TDS) has released a follow up communication to all deductors regarding Defaults in Quarterly TDS return exceeding Rs. 1 Crore from FY 2007-08 to Q2, FY 2015-16. The released communication has been given below: Date of communication: 23/01/2016 Dear Deductor (TAN XXXXXXXXX) Centralized Processing Centre (TDS) has observed from its records that as on 21st…
TDSMAN software now enables deductors to check defaults across all previous returns at a glance through its View Default Summary module. WATCH VIDEO PRESENTATION Now don’t wait for department’s notice, use this module to know all pending defaults and correct it as soon as you can!! Click here to Download Free Trial Click here to…
CPC (TDS) has issued a follow up communication to all deductors regarding substantial reduction in the amount of Tax Deposited during the period April 1 to August 31, 2014 as compared with the corresponding period in Financial Year 2013. The issued communication has been given below: Dear Deductor (TAN: ), As per the records of the Centralized…
CPC (TDS) has provided new enhanced features, to further add to the convenience of online facility of filing corrections to the TDS Statements. With this feature, you will be able to submit Online Corrections at TRACES without even having a Digital Signature. Currently over 20,000 deductors are already using the online facility for corrections. To…