Important points to note related to ITNS-281 are as follows: 1. Company Deductee/Non-Company Deductee – Although this appears in the Challan format, however it has…
View More Challan ITNS 281- Important PointsTag: TCS payment
Online TDS/TCS/Demand Payment using Challan ITNS 281
Challan no. ITNS 281 is used by deductors to deposit TDS, TCS and demand payment. Following details are necessary to fill while payment of Challan…
View More Online TDS/TCS/Demand Payment using Challan ITNS 281Useful guidelines to avoid common mistakes while submitting TDS Statements
Following are some useful guidelines to avoid common mistakes, while submitting TDS Statements and you are requested to go through the following in detail. Incorrect…
View More Useful guidelines to avoid common mistakes while submitting TDS StatementsConsequences of TDS defaults
Failure to deduct taxes or wrong deduction of TDS (non deposit, short deposit or late deposit) : Default/ Failure Section Nature of Demand Quantum of…
View More Consequences of TDS defaultsDo’s & Don’ts for TDS Returns
Given below are some do’s and don’ts for filing of TDS returns: Do’s Ensure that TDS return is filed with the same TAN against which…
View More Do’s & Don’ts for TDS ReturnsBasic provisions relating to due date for payment of TDS
The various items of payment on which tax is to be deducted by the payer has been provided in Section 192 to 195. The tax…
View More Basic provisions relating to due date for payment of TDSCompliance for November, 2020
* 7th November – due date for TDS/TCS payment for deductions/collections during October, 2020 * Make sure to do the needful to avoid interest. Â …
View More Compliance for November, 2020Tips to avoid Defaults in TDS Returns
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.…
View More Tips to avoid Defaults in TDS ReturnsDifference between Late Payment & Late Deduction
The difference between late payment and late deduction: Late payment: After the tax is deducted at source it has to be deposited into the government…
View More Difference between Late Payment & Late DeductionDo’s & Don’ts for TDS Returns
Given below are some do’s and don’ts for filing of TDS returns: Do’s Ensure that TDS return is filed with the same TAN against which…
View More Do’s & Don’ts for TDS Returns