Tag: PAN
Dos and Don’t for filing of TDS returns
•
Given below are some dos and dont for filing of TDS returns: Dos Ensure that TDS return is…
Points to remember before filing the quarterly TDS statement
•
Given below are the points one should remember before filing quarterly TDS statement: Correct Reporting: Cancellation of TDS return and…
Basic principles of TDS Compliance
•
The following are the basic principles of TDS compliance: Deduction/ Collection of Tax at Correct Rates. Timely Deposit…
Guidelines to avoid different types of TDS defaults
•
Following are some important facts to be adhered to, while submitting TDS statements, to avoid each type of…
PAN allotment by Income Tax Department will remain suspended between 05.10.2015 to 09.10.2015
•
The income tax department is in the process of upgrading software applications. It is for information of PAN…
Guidelines for correct reporting of 197 Certificates while submitting TDS Statements
•
Please refer to the following guidelines for correct reporting of 197 Certificates: The Certificate Number should be of…
Putting TDS provisions for recurring deposits to work
•
TDS on recurring deposits makes investors either submit the exemption forms if there is no taxable income. In…
Tax is not to be deducted at a higher rate of 20 percent under Section206AA of the Income-tax Act when the benefit of tax treaty is available
•
Recently, the Bangalore Bench of the Income-tax Appellate Tribunal (the Tribunal) held that there is no scope for…
Closure of defaults in Quarterly TDS Statements from Financial Year 2007-08 onwards
•
CPC(TDS) reminder communication to banks regarding closure of defaults in Quarterly TDS Statements from Financial Year 2007-08 onwards.…
Avail the Benefit of Intermediate Default Communications and Avoid Intimations from CPC (TDS)
•
Dear Deductor, As you may be aware by now that the Centralized Processing Cell (TDS) is informing you…
