Author Archives: TDSMAN

Late filing of TDS return – Penalties, Prosecution & Interest Calculation

The various provisions of TDS are statutorily required to be strictly complied with. Any default in compliance can attract, levy of interest, penalty and in certain cases initiation of prosecution… Read more »

Points to remember while filing TDS statements for 4th Quarter of FY: 2013-14

One should take care of the following information before submitting TDS return for 4th Quarter of Financial Year 2013-14 Payment of Taxes deducted/ collected: In accordance with Central Government Account (Receipts… Read more »

Important due dates of eTDS and eTCS returns

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Important due dates in the month of March 2014 has been given below:  Due date to deposit tax deducted (TDS) in March 2014 – 30.04.2014 eTDS return due date for salary… Read more »

Electronic filing (e filing) of Income tax return with or without digital signature

As per rule 12 (Updated for AY 2014-15) (notification 24/2014 dated 01.04.2014) of income tax rules, income tax return can be filed using four modes. 1.  Return in a paper… Read more »

Type of ITR form one should use for filing income tax returns for AY 2014-15

The below table contains income tax return form to be filled for a particular nature of income.  List of forms to be used by different persons for filing of return of income… Read more »