Monthly Archives: December 2020

Points to remember regarding TDS statement

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Given below are the points one should remember regarding TDS statement: Correct Reporting: Cancellation of TDS return¬†and deductee row is no longer permissible. Accordingly, it is very important to report… Read more »

Healthy Practices for Error-Free TDS Returns

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Healthy practices for error-free TDS returns has been given below:¬† Deduction/ Collection of Tax at Correct Rates. Timely Deposit of TDS/TCS Accurate Reporting of data related to tax deductions/ collections… Read more »

Statutory provisions attracted on failure to deposit tax in government account after deduction

If the employer has deducted the tax at source but failed to deposit wholly or partly, the tax so deducted in government account, the following statutory provisions are attracted:- Interest… Read more »