Budget 2019 – TDS from withdrawals of cash exceeding Rs. 1 Crore
A new Section 194N proposed to be included in Income Tax Act. If the withdrawal of cash exceeds Rs. 1 crore in a financial year a 2% of TDS will… Read more »
Monthly Archives: November 2019
Reasons to reject the correction in challan detail by TDS-CPC
Rejection reasons pertaining to challan details are as follows: Challan detail record on which correction has been filed does not exist in regular / previous statement In a correction statement,… Read more »
7th December – due date for TDS & TCS payment for November
7th December, 2019 is the due date for TDS and TCS payments for the deductions made in November 2019. Make sure to do the needful on time to avoid interest…. Read more »
Form 26A/27BA – Rationale and Brief Analysis
What is Form 26A/27BA? As per Notification No. 11/2016 and 12/2016 a procedure for furnishing and verification of Form 26A/27BA is introduced for removing of default of Non Deduction/Collection Transaction… Read more »
Due date for issuance of TDS certificates for Q2 of FY: 2019-20
Due date for issuance of TDS certificates for Q2 of FY: 2019-20 – 15th November, 2019 Note: The above is applicable for deductors other than the Office of the Government… Read more »
FAQ about Conso File
1. What is a conso file? It is the consolidated data of the statements processed (regular & correction) for the relevant Financial Year, Quarter and Form Type. 2. Why is… Read more »