7th July 2024 – Due date for TDS / TCS payment for deductions/collections during June 2024 15th July 2024 – Due date of filing TCS Return for Quarter 1 of Financial Year 2024-2025 30th July 2024 – Due date of issuing TCS certificate for Quarter 1 of Financial Year 2024-2025 31st July 2024 – Due date of filing TDS Return for Quarter 1 of Financial Year 2024-2025 *Please ensure timely compliance to…
7th May 2024 – Due date for TDS / TCS payment for deductions/collections during April 2024 15th May 2024 – Due date of filing TCS Return for Quarter 4 of Financial Year 2023-2024 30th May 2024 – Due date of issuing TCS certificate for Quarter 4 of Financial Year 2023-2024 31st May 2024 – Due date of filing TDS Return for Quarter 4 of Financial Year 2023-2024…
7th October 2022 – Due date for TDS/TCS payment for deductions/collections during September 2022 15th October 2022 – Due date of filing TCS Return for Quarter 2 of Financial Year 2022-2023 30th October 2022 – Due date of issuing TCS certificate for Quarter 2 of Financial Year 2022-2023 31st October 2022 – Due date of filing TDS Return for Quarter 2 of Financial Year 2022-2023 *Please ensure timely compliance to avoid interest and/or…
7th September 2022 – Due date for TDS/TCS payment for deductions/collections during August 2022 *Please ensure timely compliance to avoid interest and/or penalties Use TDSMAN Software to file seamless & error-free TDS/TCS returns, without any professional help. Tax on Salary – Popular Exemptions & Deductions
7th August 2022 – Due date for TDS/TCS payment for deductions/collections during July 2022 15th August 2022 – Due date for issuing TDS certificate for Quarter 1 of Financial Year 2022-2023 *Please ensure timely compliance to avoid interest and/or penalties Use TDSMAN Software to file seamless & error-free TDS/TCS returns, without any professional help. Allocation of Interest in TDS Returns
7th July 2022 – Due date for TDS/TCS payment for deductions/collections during June 2022 15th July 2022 – Due date of filing TCS Return for Quarter 1 of Financial Year 2022-2023 30th July 2022 – Due date of issuing TCS certificate for Quarter 1 of Financial Year 2022-2023 31st July 2022 – Due date of filing TDS Return for Quarter 1 of Financial Year 2022-2023 *Please ensure timely compliance to avoid interest and/or…
7th May 2022 – Due date for TDS/TCS payment for deductions/collections during April 2022 15th May 2022 – Due date of filing TCS Return for Quarter 4 of Financial Year 2021-2022 30th May 2022 – Due date of issuing TCS certificate for Quarter 4 of Financial Year 2021-2022 31st May 2022 – Due date of filing TDS Return for Quarter 4 of Financial Year 2021-2022 *Please ensure timely compliance to avoid interest and/or…
7th January 2022 – Due date for TDS/TCS payment for deductions/collections during December 2021 15th January 2022 – Due date of filing TCS Return for Quarter 3 of Financial Year 2021-2022 30th January 2022 – Due date of issuing TCS certificate for Quarter 3 of Financial Year 2021-2022 31st January 2022 – Due date of filing TDS Return for Quarter 3 of Financial Year 2021-2022 *Please ensure timely compliance to avoid interest and/or…
E-Returns for TDS / TCS was first introduced in 2002-03 and it has come a long way ever since. Currently, less than 1% are still on manually filed Returns. The generic procedure of preparing E-Return for fundamental understanding is summarized as below: Step – I The Income Tax Department has specified a data format in…
Failure to deduct taxes or wrong deduction of TDS (non deposit, short deposit or late deposit) : Default/ Failure Section Nature of Demand Quantum of demand or penalty Failure to deduct tax at source 201(1) Tax demand Equal to tax amount deductible but not deducted 201(1A) Interest @1 % p.m. of tax deductible 271C Penalty…