Section 276B of the Income Tax Act, 1961, addresses the consequences for failing to remit Tax Deducted at Source (TDS) to the Central Government within…
View More Section 276B: Failing to remit Tax Deducted at Source (TDS)Tag: section 276B
Interest, Penalty & Prosecution for Failure to Deposit Tax Deducted
If a person fails to deduct the whole or any part of the tax at source, or, after deducting, fails to pay the whole or…
View More Interest, Penalty & Prosecution for Failure to Deposit Tax DeductedInterest, Penalty & Prosecution for Failure to Deposit Tax Deducted
If a person fails to deduct the whole or any part of the tax at source, or, after deducting, fails to pay the whole or…
View More Interest, Penalty & Prosecution for Failure to Deposit Tax DeductedFailure to pay TDS collected can attract 7 year jail term: CBDT
Employers failing to pay the Government the tax deducted at source (TDS) on salaries of their employees can be jailed for up to seven years,…
View More Failure to pay TDS collected can attract 7 year jail term: CBDTCPC (TDS) communication: TDS Defaults exist in all Six preceding Quarters, “No Correction TDS Statement filed as yet”
As per the records of the Centralized Processing Cell (TDS), there exist outstanding Defaults in “all six preceeding Quarters” with respect to the TDS Statements…
View More CPC (TDS) communication: TDS Defaults exist in all Six preceding Quarters, “No Correction TDS Statement filed as yet”CPC (TDS) follow up for closing Short Payment Default due to Insufficient Challans
CPC (TDS) has observed from its records that there are outstanding Short Payment Defaults with respect to TDS Statements filed by deductors. The Short Payment…
View More CPC (TDS) follow up for closing Short Payment Default due to Insufficient ChallansCPC (TDS) mandates closure of Short Payment Defaults in the quarterly TDS statements
The Centralized Processing Cell (TDS), in its endeavour to enforce TDS Compliance, is shortly mandating closure of Short Payment defaults in the quarterly TDS statements…
View More CPC (TDS) mandates closure of Short Payment Defaults in the quarterly TDS statementsDeductors not depositing TDS by due date are liable for prosecution
Tax deductors who default in depositing TDS by due date shall be liable for prosecution: CBDT Central Board of Direct Taxes (CBDT) issued a press…
View More Deductors not depositing TDS by due date are liable for prosecution