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 »
Monthly Archives: May 2016
Healthy Practices for Error-Free TDS Returns
Healthy practices for error-free TDS returns has been given below: Deduction/ Collection of Tax at Correct Rates. Timely Deposit of Tax Deducted at Source. Accurate Reporting of data related to… Read more »
Points to be remembered by the purchaser/buyer of the property
Following are the points to be remembered by the buyer of the property: Deduct TDS @ 1% on the total sale consideration. Collect the Permanent Account Number (PAN) of the… Read more »
Changes in due dates of TDS return filing w.e.f 01.06.2016
Currently, the Due dates for filing of TDS returns are different for Government Deductors and Non Government Deductors, which is as follows : Sl. No. Date of ending of the quarter… Read more »
Due Dates for the month of May 2016
7 May 2016 – Due date for deposit of Tax deducted/collected for the month of April, 2016. However, all sum deducted/collected by an office of the government shall be paid… Read more »
Steps to follow in case of Late Payment Intimation Received
Follow the steps mentioned below in case of Late Payment Intimation Received: The default amount will have to be deposited through challan number ITNS – 281 by ticking minor head… Read more »