Consequences of TDS defaults
Failure to deduct taxes or wrong deduction of TDS (non deposit, short deposit or late deposit): Default/ Failure Section Nature of Demand Quantum of demand or penalty Failure to deduct… Read more »
Monthly Archives: June 2017
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 »
What is form 16C?
Form 16C is the newly introduced TDS certificate to be issued by rent payer (deductor) i.e. individuals & HUF’s who are not under Tax audit (under section 44AB) and does… Read more »
What is form 26QC?
From 1st June, 2017 individuals & HUF’s who are not under Tax Audit (under section 44AB) and does not have a Tax Account No. (TAN) while paying the rent of Rs…. Read more »
TDSMAN updated with FVU ver. 5.5 & FVU ver. 2.151
TDSMAN has been updated for the following newly released File Validation Utilities: FVU ver. 5.5 – For statement pertaining to FY 2010-11 onwards FVU ver. 2.151 – For statement up to FY… Read more »
FVU 5.5 & FVU 2.151 released by NSDL
The Income Tax Department has released today (16th June, 2017), the following new File Validation Utilities: FVU version 5.5 – For statement pertaining to FY 2010-11 onwards FVU version 2.151… Read more »