Types of Corrections in TDS Returns
There are 6 types of corrections namely C1, C2, C3, C4, C5, C9. The following table briefly talks about each correction type: Type Corrections in: C1 Deductor details: All details… Read more »
Category: CBDT
Unused Challan value can be used for future quarters/ financial years
Unused Challan value can be used for future quarters/ financial years Unused tax paid in a challan can be used in the remaining quarters of the current financial year and… Read more »
Same Payment Challan can be used for TDS under different Sections/ Heads
Same Payment Challan can be used for TDS under different Sections/ Heads Payments can be made for TDS against multiple Sections in a single challan. For example a payment against… Read more »
Popular reasons for shifting out from outsourcing to preparing TDS Returns in-house
Popular reasons for shifting out from outsourcing to preparing TDS Returns in-house: Based on a sample survey of around 100 organizations that shifted out of outsourcing, some of the popular… Read more »
Tips to avoid Defaults in TDS Returns
Tips to avoid Defaults in TDS Returns § Make sure taxes are deducted on time and at correct deduction rates /amount. The applicable section under which the deduction falls should… Read more »
Due Dates for the month of July 2017
All tax deductions for June 2017 need to be deposited latest by 7th July 2017 Filing of TDS Returns for the quarter ended June 2017 (FY:2017-18 Quarter 1) is already… Read more »