Belated Issue or Non Issue of TDS Certificate
Failure to issue TDS certificate within the time allowed, attracts penalty of Rs. 100/- per day of default (Sec 272A(2)(g)). However, penalty will not exceed the amount of tax deductible… Read more »
Author Archives: TDSMAN
Important proofs while filing IT return
Following are some important list of the proof used for taking advantages of deductions under sec 80 C of IT act :- 1. Life Insurance Premium : Proof-Premium payment receipt… Read more »
Due dates for filing TDS returns
Every person responsible for making payment of nature covered by TDS provisions of Income Tax Act shall be responsible to deduct tax at source while making such payments. In… Read more »
Online Income Tax Return Filing
Online Income Tax Return filing can be done in two ways: (1) Without Digital Signature, wherein the XML is uploaded on the server of IT department, and then the ITRV… Read more »
Update TDSMAN immediately for the new TRACES integration
In the evening of 12th July 2013, TRACES has restructured their website which resulted in changes in the links of the different functions (such as downloading of consolidated statement, TDS… Read more »
Persons responsible to deduct TDS and the responsibilities of the deductor
The persons responsible to deduct TDS are mainly: Principal Officer of a company for TDS purpose including the employer in case of private employment or an employee making payment on… Read more »