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… Read more »
The TDS and TCS rates chart for the financial year 2015-16 has been given below: TDS rates for F.Y. 2015-16 Nature of Payment Made To Residents Cutoff (Rs.) Company / Firm… Read more »
There are several amendments pertaining to TDS from interest. 3.1 Interest on fixed deposits with banks attracts TDS under Section 194A. Only exception to this was in respect of interest… Read more »
CPC (TDS) has observed from its records that there are Short Payment Defaults in Quarterly TDS Statements submitted by the deductors due to which downloading of Consolidated Files and TDS Certificates are… Read more »
CPC (TDS) has issued a reminder communication to Banks regarding closure of short payment defaults in Quarterly TDS Statements. The issued communication has been given below: Please refer to the… Read more »
CPC (TDS) has released a follow up communication regarding closure of Short Payment Defaults in quarterly TDS Statements due to Unmatched Challans. The released communication has been given below: Dear… Read more »
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