Basic principles of TDS Compliance
The following are the basic principles of TDS compliance: Deduction/ Collection of Tax at Correct Rates. Timely Deposit of Tax Deducted at Source. Accurate Reporting of data related to tax… Read more »
Monthly Archives: October 2015
TDS RETURNS – Get ready for 2nd Quarter of FY: 2015-16
The last date of filing TDS returns for the second quarter of FY 2015-16 falls due on 15th October 2015. It is very important to file returns on time because… Read more »
Defaults in quarterly TDS Statements exceeding 10 Lakhs from FY 2007-08 to 2015-16, Qtr 1
CPC(TDS) has issued a follow up communication to all deductors regarding outstanding Defaults in quarterly TDS Statements submitted by them during FY 2007-08 to 2015-16, Quarter 1. The issued communication… Read more »
Interest on Late Payment of TDS
In case the assessee deposits the TDS Payment after the due date of payment of the tax deducted at source, he shall be liable to pay interest @1.5% for every… Read more »
Extension of date for filing of Income tax returns and tax audit reports to 31st October 2015
Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes PRESS RELEASE New Delhi, 1st October, 2015 Subject: Extension of date for filing of Income tax… Read more »
Black money: Government collects Rs 3,770 cr from over 600 stash holders
Government said it received an amount of Rs 3,770 crore from 638 declarations under the one-time black money compliance window that closed on 30th September 2015. “638 number of declarations… Read more »