Introduction: As per the provisions of Section 206C, tax is required to be collected at source by the seller at the specified rate on certain…
View More Changes in Tax Collection at Source (TCS) in Budget 2012Tag: TCS
26AS Statement : How to Get Tax Credit for Non Reflected Amounts
Non reflection of TDS on bank FD or term deposit in 26AS statement is very common problem these days. The reason for this problem is…
View More 26AS Statement : How to Get Tax Credit for Non Reflected AmountsLate Filing of TDS Statement Made Very Costly !
No filing or late filing of TDS return or TDS statement shall invite two penal consequence as the Finance Bill 2012-13 has inserted two new…
View More Late Filing of TDS Statement Made Very Costly !How to know Status of eTDS/eTCS Return – Uploaded or Not
A Deductor can confirm the status of uploaded eTDS / eTCS return from the below link. There is no need of any Certificate Number or…
View More How to know Status of eTDS/eTCS Return – Uploaded or NotCorrection in OLTAS challan
NSDL receives tax collection data as uploaded by the bank.  NSDL is not authorized to carry out any changes in the data  sent by the…
View More Correction in OLTAS challanInconsistencies in the TDS / TCS statements
When you file your TDS / TCS return, first the details  regarding deposit of TDS/TCS made by you is compared with the data given by…
View More Inconsistencies in the TDS / TCS statementsTCS Rates for the FY 2011-12
The Tax Collection at Source Rates for the Financial Year 2011-12 is tabulated below: Sl.No. Nature of Goods Rates in % 1. Alcoholic liquor for…
View More TCS Rates for the FY 2011-12Tds Rates for financial year 2011-12 and assessment year 2012-13
The Rate Chart for the Financial Year 2011-12 i.e. Assessment Year 2012-13 is tabulated below. TDS Rates for the Financial Year 2010-11 is also same.…
View More Tds Rates for financial year 2011-12 and assessment year 2012-13Consequences Of Default
Failure to deduct or remit TDS/TCS (fully or partially) Interest: Interest at the rates in force (12% p.a.) from the date on which tax was…
View More Consequences Of DefaultPreparation of correction TDS/TCS statement
As directed by DIT (Systems), deductor/ collector are advised to prepare correction TDS/TCS statements using consolidated TDS/TCS file only, provided by TIN. Consolidated TDS/TCS file…
View More Preparation of correction TDS/TCS statement