How to calculate the Interest for failure to deduct tax at source?
As per the provisions in section 201, if a person liable to deduct tax at source does not deduct it, then, such person, shall be liable to pay simple interest… Read more »
Author Archives: TDSMAN
How to calculate the Interest for delay in payment of TDS?
If any person who after deducting tax at source fails to pay, the whole or any part of the tax to the credit of the Government as per section 201,… Read more »
7th March – last date for TDS & TCS payment
Please note that 7th March, 2018 is the last date for TDS and TCS payments for the deductions made in February 2018. Make sure to do the needful on time to… Read more »
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 »
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 »