Daily Archives: July 13, 2013

Update TDSMAN immediately for the new TRACES integration

In the evening of 12th July 2013, TRACES has restructured their website which resulted in changes in the links of the different functions (such as downloading of consolidated statement, TDS… Read more »

Persons responsible to deduct TDS and the responsibilities of the deductor

The persons responsible to deduct TDS are mainly: Principal Officer of a company for TDS purpose including the employer in case of private employment or an employee making payment on… Read more »

Consequences of TDS defaults

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Failure to deduct taxes or wrong deduction of TDS (non deposit, short deposit or late deposit): Default/ Failure Section Nature of┬áDemand Quantum of demand or penalty Failure to deduct tax… Read more »