CBDT extends due date for payment of TDS/TCS for Tamil Nadu
CBDT has extended the due date for deposit of tax deducted at source (TDS) and tax collected at source (TCS) during the month of November from December 7 to December… Read more »
Category: TCS
Guidelines for an employer to deduct TDS and issue Form16
Following are the guidelines for an employer to deduct TDS and issue Form 16: Make mandatory for all the employees to declare previous salary, investment proofs and TDS details, if… Read more »
Frequently Asked Questions (FAQ) on Form 16/16A
What is Form 16 / 16A? It is the certificate of deduction of tax at source by any person in accordance with Chapter XVII-B of IT Act. Form 16 is issued… Read more »
The taxpayer is entitled to TDS credit of its sister concern appearing in its Form 26AS due to an inadvertent error of a deductor
Background Recently, the Delhi High Court (High Court) in the case of Relcom1 (the taxpayer) held that the taxpayer is entitled to the credit of the Tax Deducted at Source… Read more »
Issue TDS certificates by 30th October to avoid penalties
Last date for issuance of TDS/TCS certificates for Q2 of FY: 2015-16 is 30th October, 2015 The above is applicable for all other than government deductors Delay in certificates may… Read more »
Important information for downloading of TDS Certificates
Given below are some important information regarding downloading of TDS certificates. Refer to the following provisions of the Income Tax Act, 1961: Downloading of TDS Certificates from TRACES made mandatory: … Read more »