Given below are the points one should remember regarding TDS statement: Correct Reporting: Cancellation of TDS return and deductee row is no longer permissible. Accordingly, it…
View More Points to remember regarding TDS statementTag: TDSMAN
Tips 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 ReturnsInterest on Late Deduction of TDS
The due date for deduction is either at the time of giving credit or payment of the dues, whichever is earlier. Late deduction happens in…
View More Interest on Late Deduction of TDSInterest on Late Payment of TDS
In case the assessee deposits the TDS Payment after the due date of payment of the tax deducted at source, he shall be liable to…
View More Interest on Late Payment of TDSTCS Return – Due Date 15th January for Quarter 3
15th January is the last date for filing TCS Returns for FY:19-20, Quarter 3. Typically TCS is applicable on sale of items like scrap, forest products,…
View More TCS Return – Due Date 15th January for Quarter 3Statutory provisions attracted on failure to deposit tax in government account after deduction
If the employer has deducted the tax at source but failed to deposit wholly or partly, the tax so deducted in government account, the following…
View More Statutory provisions attracted on failure to deposit tax in government account after deductionWhat is the Interest for non-payment of tax as per demand notice?
Let us first understand the provisions of section 220(1) relating to payment of tax as per demand notice. Then we will understand the provision for…
View More What is the Interest for non-payment of tax as per demand notice?7th January – due date for TDS & TCS payment for December
7th January, 2020 is the due date for TDS and TCS payments for the deductions made in December 2019. Make sure to do the needful…
View More 7th January – due date for TDS & TCS payment for DecemberTDSMAN updated with FVU ver. 6.5 & FVU ver. 2.161
TDSMAN has been updated for the following newly released File Validation Utilities: FVU ver. 6.5 – For statement pertaining to FY 2010-11 onwards FVU ver. 2.161 –…
View More TDSMAN updated with FVU ver. 6.5 & FVU ver. 2.161FAQ on Online Correction
What is Online Correction? TRACES has provided the functionality of “Online Correction” where deductor can perform correction of TDS return /TCS return online. Following are the…
View More FAQ on Online Correction