TDS Compliances for the month of March 2018
7th March – last date for TDS payment for deductions during February, 2018 7th March – last date for TCS payment for collections during February, 2018. Basic provisions relating to… Read more »
Monthly Archives: February 2018
Sections under which interest for various delays/ defaults need to be paid
The sections under which interest for various delays/ defaults need to be paid are as follows: Section 234A for delay in filing the return of income Section 234B for default… Read more »
Basic provisions relating to due date for payment of TDS
The various items of payment on which tax is to be deducted by the payer has been provided in Section 192 to 195. The tax deducted by the payer (i.e.,… Read more »
TDS/TCS Return – Online Filing
Steps for filing TDS/ TCS Return online: Step – I The data structure (file format) in which the e-TDS / e-TCS return is to be prepared has been notified in… Read more »
Charitable Trust – TDS on Expenditure
As per the Budget proposal for 2018-19, if the charitable trust does not deduct TDS as expenses in which it was supposed to do so, 30% of such expenditure will… Read more »
TDS on Interest for senior citizens
As per the budget proposal of 2018-19, for senior citizens there needs to be no TDS deducted on interest upto Rs. 50,000/- under section 194A. Earlier this limit was Rs…. Read more »