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 statementTag: Income Tax
Fees and Penalty for Late Filing of TDS Returns
Fees and Penalty for Late Filing of TDS Returns are as follows: Section 234E-Levy of Fees Failure to submit TDS return on time will result in…
View More Fees and Penalty for Late Filing of TDS ReturnsLast date for filing of TDS returns for Q4 of FY: 2016-17 – 31st May, 2017
The last date of filing TDS returns for the fourth quarter of FY 2016-17 falls due on 31st May, 2017. It is very important to…
View More Last date for filing of TDS returns for Q4 of FY: 2016-17 – 31st May, 2017Income Tax Department simplifies linking PAN with Aadhaar
Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, 11th May, 2017. PRESS RELEASE Income Tax Department simplifies…
View More Income Tax Department simplifies linking PAN with AadhaarEmployers 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 returnCBDT issues PAN and TAN within 1 day to improve Ease of Doing Business
Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes PRESS RELEASE New Delhi, 11th April, 2017 CBDT issues PAN and…
View More CBDT issues PAN and TAN within 1 day to improve Ease of Doing BusinessHow to handle TDS on sale of property
Since June 2013, it has been mandatory for buyers of immovable property to deduct TDS from the amount to be paid to the seller. It…
View More How to handle TDS on sale of propertyDue Dates for the month of April 2017
7 April 2017 – Due date for deposit of Tax deducted by an office of the government for the month of March, 2017. However, all…
View More Due Dates for the month of April 2017Last Date of TDS/TCS Payments
Deduction Month Payment Due Date April 7th May May 7th June June 7th July July 7th August August 7th September September 7th October October 7th…
View More Last Date of TDS/TCS PaymentsBudget 2017 – Changes in TCS Provisions
1.Restriction on cash transactions It is also proposed to consequentially amend the provisions of section 206C to omit the provision relating to tax collection at…
View More Budget 2017 – Changes in TCS Provisions