1. Newly added fields for Form 27Q i.e. Email ID of deductee, Contact number of deductee, Address of deductee in country of residence & Tax Identification Number /Unique identification number of deductee… Read more »
Here are 10 things to know about sms alerts on Salary TDS Deduction: 1) As many as 2.5 crore salaried taxpayers will now receive SMS alerts from the Income Tax… Read more »
Following are the types of Defaults that may get generated on 26QB processing:- 1.Short Deduction: Short deduction is computed when the rate at which TDS Deducted’ is less than 1%…. Read more »
In case of excess deduction of tax at source, claim of refund of such excess TDS can be made by the deductor. The excess amount is refundable as per procedure… Read more »
Following are some useful guidelines to avoid common mistakes, while submitting TDS Statements and you are requested to go through the following in detail. Incorrect reporting of 197 Certificates: Please… Read more »
LAST DATE OF TDS RETURN FILING FOR QUARTER 2, FY: 2016-17 IS 31st OCTOBER, 2016 With the introduction of Section 234E, there is now a provision of stringent penalties for… Read more »