Under the existing provisions of section 194C of the Act payment to contractors is subject to tax deduction at source (TDS) at the rate of…
View More TDS on Big Transporters proposed to be levied wef 01.06.2015Tag: PAN
TDS on Pre-mature EPF withdrawals Proposed @ 10% wef 01.06.2015
Under the Employees Provident Fund and Miscellaneous Provisions Act, 1952 (EPF & MP Act, 1952), certain specified employers are required to comply with the Employees…
View More TDS on Pre-mature EPF withdrawals Proposed @ 10% wef 01.06.2015CPC (TDS) follow-up for payment of outstanding Late Filing Fee u/s 234E
CPC (TDS) has issued a follow up communication for the payment of outstanding late etds filling fees u/s 234E. In the communiation, CPC (TDS) has…
View More CPC (TDS) follow-up for payment of outstanding Late Filing Fee u/s 234EImportant notifications displayed on TRACES website
The following important notifications have been displayed on TRACES website: If you have received intermediate communication for statement on hold due to Short Payment and…
View More Important notifications displayed on TRACES websiteVerification of TAN’s TDS Statements filed for FY 2011, 2012 and 2013
CPC (TDS) has issued an advisory communication to the deductors stating about the verification of TAN’s TDS Statements filed for FY 2011, 2012 and 2013.…
View More Verification of TAN’s TDS Statements filed for FY 2011, 2012 and 2013Verification of PAN in TDS Statements filed for FY 2011, 2012 and 2013
CPC (TDS) has issued an advisory communication to the deductors stating about the verification of PAN in TDS Statements filed for FY 2011, 2012 and…
View More Verification of PAN in TDS Statements filed for FY 2011, 2012 and 2013Basic principles of TDS Compliance
Given below are the basic principles of TDS compliance: Deduction/ Collection of Tax at Correct Rates. Timely Deposit of Tax Deducted at Source. Accurate Reporting…
View More Basic principles of TDS ComplianceSignificant change in processing of Quarterly TDS Statements
CPC (TDS) has issued a communication to deductors in which it has stated about a significant change in processing of Quarterly TDS Statements. The central…
View More Significant change in processing of Quarterly TDS StatementsImpact & action to be taken in case of PANs either “Not Available” or “Invalid” in Quarterly TDS statements
Centralized Processing Cell (TDS) has observed from its records that though deductors have reported deductees with more than Rs. 50,000 of TDS in Quarterly TDS…
View More Impact & action to be taken in case of PANs either “Not Available” or “Invalid” in Quarterly TDS statementsImportant notifications displayed on TRACES website
The following important notifications have been displayed on TRACES website: The original statement will be put on hold if Challan Mismatch/Challan Overbooked/PAN Errors has been…
View More Important notifications displayed on TRACES website