Given below are the points one should remember regarding TDS statement: Correct Reporting: Cancellation of TDS return and deductee row is no longer permissible. Accordingly, it is very important to report… Read more »
Make sure taxes are deducted on time and at correct deduction rates /amount. The applicable section under which the deduction falls should be correctly applied. Tax needs to be deducted… Read more »
Given below are some dos and don’ts for the filing of TDS returns: Dos Ensure that TDS return is filed with the same TAN against which TDS payment has been… Read more »
15th July is the last date for filing TCS Returns for FY:19-20, Quarter 1. Typically TCS is applicable on sale of items like scrap, forest products, minerals, bullion, etc. and… Read more »
Taxpayers, deductors or collectors can pay direct taxes through Authorised Bank branches either physically, through ATM or through internet. Type of Challans to be used for tax payments Challan Description ITNS… Read more »
The Income Tax Department has released on 28th June 2019, the following new File Validation Utilities: FVU version 6.3 – For statement pertaining to FY 2010-11 onwards FVU version 2.159… Read more »
