Tag Archives: Income Tax

Fees and Penalty for Late Filing of TDS Returns

Fees and Penalty for Late Filing of TDS Returns are as follows: Section 234E-Levy of Fees  Failure to submit TDS return on time will result in fees on the deductor. If… Read more »

Last date for filing of TDS returns for Q4 of FY: 2016-17 – 31st May, 2017

The last date of filing TDS returns for the fourth quarter of FY 2016-17 falls due on 31st May, 2017. It is very important to file returns on time because… Read more »

Employers required to collect PAN of the lender banks from the employees to claim Interest in House Property in the salary return

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 proof in Form 12BB  to… Read more »