Healthy Practices for Error-Free TDS Returns

Healthy practices for error-free TDS returns has been given below:  Deduction/ Collection of Tax at Correct Rates. Timely Deposit of TDS/TCS Accurate Reporting of data related to tax deductions/ collections made. Submission of TDS Statements within the due dates. Verification and Issuance of TDS Certificates within time. CPC (TDS) is now sending Intermediate Default Communication…

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Special Discount on TDSMAN (FY: 2020-21)

Now you can prepare TDS/TCS Returns for all quarters of the next FY: 20-21 It covers: ✔  All TDS/TCS Returns for FY: 2020-21 ✔  All TDS/TCS Returns for FY: 2019-20 ✔  Pending TDS/TCS Returns of earlier years, if any ✔  Online Filing ✔  Rectification of TDS/TCS Defaults TDSMAN is packaged with advanced corrective and validation…

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Steps for requesting Form 16

The procedure for requesting Form 16 from TRACES website has been given below: Since FY:18-19 onwards, the Income Tax department is now providing both Part A and Part B of Form 16 (TDS certificate for employee) The steps for requesting Form 16 are: Login to TRACES after giving User ID, Password, TAN of the Deductor…

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Reduction in TDS / TCS Rates

As part of the initiative in improving liquidity owing to the COVID crisis, it has been announced that TDS / TCS rates for non-salary payments will be reduced by 25% across the board. This would be for all payments from 14th May 2020 to 31st March 2021.  The revised TDS / TCS chart is as under: TDS…

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