As per Circular No. 01/2012 dated 09.04.2012, it mandatory for all deductors to issue TDS certificate in Form No. 16A after generating and downloading the same from TRACES website. TDSMAN… Read more »
The process of filing a Revised Return is the same as filing an Original Return. The only difference is that in the Excel utility (Return Preparing Software), you need to… Read more »
Fees and Penalty for Late Filing of TDS Returns are as follows: Section 234E – Levy of Fees Failure to submit TDS return on time will result in fees on the… Read more »
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 »
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 »
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 »