Duties of person deducting tax at source and rights of tax payers
The duties of person deducting tax at source and the rights of the tax payers has been given below: Duties of person deducting tax at source Deduct Tax at Correct… Read more »
Category: TCS certificates
Section 194C – TDS on Transporter
Section 194C of the Income Tax Act, 1961 states that any payment to a transporter is subject to a Tax Deduction at Source (TDS) at the rate of: –1% in… Read more »
3 Simple Steps for Tax Deductors to follow
Below are the three simple steps for Tax Deductors to follow in case of TDS and TCS: 1. Deduct Correct TDS while making payment as required by law Deduct tax… Read more »
Important Information for Deductors regarding TDS Certificates
Below are the important information regarding TDS Certificates which deductors should take care of: Deductors who have deducted TDS and have not deposited the same by the due date, must… Read more »
Issue TDS certificates by 30th May to avoid penalties
Last date for issuance of TDS certificates for Q4 of FY: 2014-15: 1) Form 16A (Non Salary) – 30th May 2015 2) Form 16 (Salary) – 31st May 2015 Delay… Read more »
Late Filing of TDS Returns – Fees and Penalty
Fees and Penalty for Late Filing of TDS Returns are as follows: Section 234E-Levy of Fees Failure to submit e-TDS Statement on time will result in fees on the deductor…. Read more »