7th September, 2019 is the last date for TDS and TCS payments for the deductions made in August 2019. Make sure to do the needful…
View More 7th September – last date for TDS & TCS paymentTag: TDSMAN
Form 26A/27BA – Rationale and Brief Analysis
What is Form 26A/27BA? As per Notification No. 11/2016 and 12/2016 a procedure for furnishing and verification of Form 26A/27BA is introduced for removing of…
View More Form 26A/27BA – Rationale and Brief AnalysisFAQs on Correction Return Preparation more than once on the same Regular Return
How many times can I furnish a correction TDS/TCS statement? A correction TDS/TCS return can be furnished many times to make changes in the regular…
View More FAQs on Correction Return Preparation more than once on the same Regular ReturnReasons to reject the correction in challan detail by TDS-CPC
Rejection reasons pertaining to challan details are as follows: Challan detail record on which correction has been filed does not exist in regular / previous…
View More Reasons to reject the correction in challan detail by TDS-CPCReasons for rejection of correction statement by TDSCPC
Following are the common reasons for rejecting a correction statement: TAN is not valid as per data at TDSCPC Statement corresponding to regular token number…
View More Reasons for rejection of correction statement by TDSCPCCalculation of Late Deduction Interest
If tax was deductible on 2nd June (i.e. at the time of giving credit or actual payment of the dues whichever is earlier) but was…
View More Calculation of Late Deduction InterestCalculation of Late Payment Interest
If the tax is deducted on 8th June it becomes due on 7th of next month i.e. 7th July (except for March for which it…
View More Calculation of Late Payment InterestDifference between Late Payment & Late Deduction
The difference between late payment and late deduction: Late payment: After the tax is deducted at source it has to be deposited into the government…
View More Difference between Late Payment & Late DeductionInterest 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 TDSTypes of Corrections in TDS Returns
There are 6 types of corrections namely C1, C2, C3, C4, C5, C9. The following table briefly talks about each correction type: Type Corrections in:…
View More Types of Corrections in TDS Returns