Fees and Penalty for Late Filing of TDS Returns
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 »
Category: PAN
Penalty Chart under the Income Tax Act, 1961
Given below is the chart which shows section under which penalty can be imposed, nature of default and quantum of penalty. PENALTIES UNDER INCOME TAX ACT Section Nature of Default… Read more »
Procedure for paying the TDS amount into the Bank
The procedure for paying the TDS amount into the bank subsequently, i.e. not immediately after furnishing the purchase transaction details online are: Using this facility deductor (Buyer) can furnish the… Read more »
Procedure for furnishing TDS through the e-tax payment option immediately after providing the transaction details
E-Payment facilitates payment of taxes online by taxpayers. To avail this facility the taxpayer is required to have a net-banking account with any of the authorized banks. Please follow the… Read more »
Form 16 Part A generation from TRACES
TDS certificate in Part A of Form 16 shall be generated only for those PANs that have been reported in Annexure II(Salary Details) of 24Q statement for 4th quarter.