Category: CBDT

What is the Interest for non-payment of tax as per demand notice?

Let us first understand the provisions of section 220(1) relating to payment of tax as per demand notice. Then we will understand the provision for levy of interest in case… Read more »

7th January – due date for TDS & TCS payment for December

7th January, 2020 is the due date for TDS and TCS payments for the deductions made in December 2019. Make sure to do the needful on time to avoid interest…. Read more »

Interest Liability for TCS Assessee-in-Default

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A TAN holder who fails to collect whole or any part of the tax at source is treated as an assessee-in-default. But, as per provision in section 206C(6A) the TAN… Read more »

7th December – due date for TDS & TCS payment for November

7th December, 2019 is the due date for TDS and TCS payments for the deductions made in November 2019. Make sure to do the needful on time to avoid interest…. Read more »

Reasons to reject the correction in challan detail by TDS-CPC

Rejection reasons pertaining to challan details are as follows: Challan detail record on which correction has been filed does not exist in regular / previous statement In a correction statement,… Read more »