TDS & TCS Rate Chart (FY: 2018-19 / AY: 2019-20)
TDS RATE CHART FY: 2018-19 (AY: 2019-20) Section Nature of Payment Threshold Indv/ HUF Others Rs. TDS Rate (%) 192 Salaries – Avg – 192A Premature… Read more »
Category: TCS return
TDS Compliances for the month of October 2018
All tax deductions for September 2018 need to be deposited latest by 7th October 2018. Filing of TDS Returns for the quarter ended September 2018 (FY:2018-19 Quarter 2) is already… Read more »
FVU 5.9 & FVU 2.155 released by NSDL
The Income Tax Department has released today (2nd October, 2018), the following new File Validation Utilities: FVU version 5.9 – For statement pertaining to FY 2010-11 onwards FVU version 2.155 –… Read more »
Steps for Preparing Correction Returns
Steps: Request for TDS (Consolidated) file from Traces Download requested TDS (Consolidated) file from Traces Upload TDS(Consolidated) file for correction into the software Make corrections Generate the correction return Submit… Read more »
Basic principles of TDS Compliance
The following are the basic principles of TDS compliance: Deduction/ Collection of Tax at Correct Rates Timely Deposit of Tax Deducted at Source Accurate Reporting of data related to tax… Read more »
Fees for Late Filing of TDS Returns
Fees 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 deductor. If you delay… Read more »