TDS / TCS Rates for Financial Year 2012-13
Post Union Budget 2012-13 TDS Rates for financial year (FY) 2012-13 and assessment year (AY) 2013-14 The Rate Chart for the Financial Year 2012-13 i.e. Assessment Year 2013-14 is tabulated… Read more »
Category: TAN
How to Apply for TAN, Track Status of TAN Application and Penalty on Failure
Every person who is required to deduct or collect tax at source on any of the specified payments, needs to apply for allotment of Tax Dedication and Collection Account Number… Read more »
Changes in TAN Registration process at TIN website
Tax Information Network (TIN) has always been providing various facilities to deductors. One such facility provided under TIN is authenticated login (TAN account) provided to deductors/collectors at TIN website. Under… Read more »
Check eTDS return default notice calculation details online
ITD has started processing of TDS returns for 2010-11 (u/s 200A) and earlier years (u/s 201). All ‘defaults’ information, those processed after 01-04-2011, are now made available at www.tin-nsdl.com. (Login… Read more »
Consequences Of Default
Failure to deduct or remit TDS/TCS (fully or partially) Interest: Interest at the rates in force (12% p.a.) from the date on which tax was deductible /collectible to the date… Read more »
Preparation of correction TDS/TCS statement
As directed by DIT (Systems), deductor/ collector are advised to prepare correction TDS/TCS statements using consolidated TDS/TCS file only, provided by TIN. Consolidated TDS/TCS file is provided to registered TANs…. Read more »