Special Discount on TDSMAN (FY: 2020-21)

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Now you can prepare TDS/TCS Returns for all quarters of the next FY: 20-21

It covers:

✔  All TDS/TCS Returns for FY: 2020-21
✔  All TDS/TCS Returns for FY: 2019-20
✔  Pending TDS/TCS Returns of earlier years, if any
✔  Online Filing
✔  Rectification of TDS/TCS Defaults

TDSMAN is packaged with advanced corrective and validation features that help you prepare zero error TDS/TCS Returns. Visit www.tdsman.com for more information.

Click Here to download the Trial Version of TDSMAN (FY: 2020-21) for your evaluation.

Click Here to place your Order online.

10% DISCOUNT ON TDSMAN (FY: 2020-21)
Standard Edition
Regular Price:
Rs. 4,200 + GST @ 18%
Offer Price:
Rs. 3,780
+ GST @ 18%
Professional Edition
Regular Price:
Rs. 8,400 + GST @ 18%
Offer Price:
Rs. 7,560
+ GST @ 18%
Use Promo Code: OCT20
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(Offer valid till 31st Oct, 2020 )

 

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Sections under which interest for various defaults need to be paid

The sections under which interest for various defaults need to be paid are as follows:

  • Section 234A for delay in filing the return of income
  • Section 234B for default in payment of advance tax
  • Section 234C for deferment of payment of individual instalment or instalments of advance tax
  • Section 234D for excess refund granted to the taxpayer
  • Section 201(1A) for failure to deduct tax at source/delay in payment of tax deducted at source
  • Section 206C(7) is levied for failure to collect tax at source/delay in payment of tax collected at source

Fees for Late Filing of TDS Returns

Do’s & Don’ts for TDS Returns

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Difference between Late Payment & Late Deduction

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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 account by 7th of the next month (except March for which it is 30th April). If it is deposited later than the due date, late payment interest is charged. The rate of interest for late payment is 1.5% per month or part of a month of the delay.

Late deduction: If the tax is deducted later than the date on which it was deductible i.e. either at the time of giving credit or at the time of payment of the dues, whichever is earlier, late deduction interest is charged. The interest for late deduction is at the rate of 1% per month or part of a month of the delay.

Interest on Late Payment of TDS

TCS on sale of goods – Amendment from 1st October 2020

 

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TDSMAN updated with FVU ver. 6.9 & FVU ver. 2.165

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TDSMAN has been updated for the following newly released File Validation Utilities:

FVU ver. 6.9 – For statement pertaining to FY 2020-21 onwards
FVU ver. 2.165 – For statement up to FY 2009-10

To update TDSMAN – Click on: Utilities – Update Software

Click here to view the key features of FVU version 6.9 & FVU 2.165

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