The Finance Act, 2015 had introduced a new section 192(2D) of the Income-tax Act, wherein the employer was obliged to collect the necessary evidence or…
View More Employers required to collect PAN of the lender banks from the employees to claim Interest in House Property in the salary returnTag: TDSMAN
Waiver of Interest under section 220(2A) by Commissioner
The Principal Chief Commissioner or Chief Commissioner or Principal Commissioner or Commissioner may reduce or waive the amount of interest paid or payable by the…
View More Waiver of Interest under section 220(2A) by CommissionerHow to calculate the Interest for failure to deduct tax at source?
As per the provisions in section 201, if a person liable to deduct tax at source does not deduct it, then, such person, shall be…
View More How to calculate the Interest for failure to deduct tax at source?How to calculate the Interest for delay in payment of TDS?
If any person who after deducting tax at source fails to pay, the whole or any part of the tax to the credit of the…
View More How to calculate the Interest for delay in payment of TDS?Special Discount on TDSMAN (FY: 2019-20)
On popular demand, we are pleased to announce the release of TDSMAN (FY: 2019-20). Now you can prepare TDS Returns for Q4 of FY: 2018-19…
View More Special Discount on TDSMAN (FY: 2019-20)Kerala High Court stays collection of GST on TCS (Income Tax) in the matter of PSN Automobiles Private Limited Vs. UOI & CBIC (Kerala High Court at Ernakulam)
CBIC vide Circular No. 76/50/2018-GST dated 31st December, 2018 clarified that taxable value for the purposes of GST shall include the TCS amount collected under the provisions of…
View More Kerala High Court stays collection of GST on TCS (Income Tax) in the matter of PSN Automobiles Private Limited Vs. UOI & CBIC (Kerala High Court at Ernakulam)TDS Returns Software for FY: 2019-20 Released
On popular demand, we are pleased to announce the release of TDSMAN (FY: 2019-20). Now you can prepare TDS Returns for Q3 & Q4 of…
View More TDS Returns Software for FY: 2019-20 ReleasedInterest 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 TDSSteps for Preparing Correction Returns
Steps: Request for TDS (Consolidated) file from Traces Download requested TDS (Consolidated) file from Traces Upload TDS(Consolidated) file for correction into the software Make corrections…
View More Steps for Preparing Correction ReturnsTips 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 Returns