The Direct Taxes Directorate of Income-tax (Systems), CBDT vide Notification No. 3 /2015 dt. 1st of December 2015 has notified Stringent Authentication Mechanism through Corporate…
View More Stringent authentication mechanism for filing of correction statements & download of TDS certificates, consolidated files etc. by Banks / CorporatesTag: TDS Statements
Verification of TAN TDS Statements filed for Financial Years 2011, 2012 and 2013 (2 Deductee Rows)
CPC (TDS) has issued an advisory communication to all deductors regarding discrepancies which have been observed with respect to their TAN. The issued communication has been…
View More Verification of TAN TDS Statements filed for Financial Years 2011, 2012 and 2013 (2 Deductee Rows)Seek easy exemption from TDS on interest: File Form 15G/H electronically
The CBDT has simplified the procedure for filing of self declaration by individuals in 15G and 15H forms, allowing them to do it electronically. Seek easy…
View More Seek easy exemption from TDS on interest: File Form 15G/H electronicallyBasic principles of TDS Compliance
The following are the basic principles of TDS compliance: Deduction/ Collection of Tax at Correct Rates. Timely Deposit of Tax Deducted at Source. Accurate Reporting…
View More Basic principles of TDS ComplianceDefaults in quarterly TDS Statements exceeding 10 Lakhs from FY 2007-08 to 2015-16, Qtr 1
CPC(TDS) has issued a follow up communication to all deductors regarding outstanding Defaults in quarterly TDS Statements submitted by them during FY 2007-08 to 2015-16,…
View More Defaults in quarterly TDS Statements exceeding 10 Lakhs from FY 2007-08 to 2015-16, Qtr 1Guidelines to avoid different types of TDS defaults
Following are some important facts to be adhered to, while submitting TDS statements, to avoid each type of Default: Late Payment Defaults: The taxes deducted…
View More Guidelines to avoid different types of TDS defaultsCBDT simplifies procedure for filling 15G, 15H forms
The CBDT has simplified the procedure for filing of self declaration by individuals in 15G and 15H forms, allowing them to do it electronically. Forms…
View More CBDT simplifies procedure for filling 15G, 15H formsImplications of Non/Late filing of TDS Statements
Implications of Non/Late filing of TDS Statements has been given below: For Tax payers: Non/ Late etds filing results into the TDS Credit not being…
View More Implications of Non/Late filing of TDS StatementsClosure of defaults in Quarterly TDS Statements from Financial Year 2007-08 onwards
CPC(TDS) reminder communication to banks regarding closure of defaults in Quarterly TDS Statements from Financial Year 2007-08 onwards. The issued communication has been given below:…
View More Closure of defaults in Quarterly TDS Statements from Financial Year 2007-08 onwardsAvail the Benefit of Intermediate Default Communications and Avoid Intimations from CPC (TDS)
Dear Deductor, As you may be aware by now that the Centralized Processing Cell (TDS) is informing you of PAN and Challan Errors, through an…
View More Avail the Benefit of Intermediate Default Communications and Avoid Intimations from CPC (TDS)