Reduction in TDS / TCS Rates
As part of the initiative in improving liquidity owing to the COVID crisis, it has been announced that TDS / TCS rates for non-salary payments will be reduced by 25%… Read more »
Category: TDS payment
Form 26A/27BA – Rationale and Brief Analysis
What is Form 26A/27BA? As per Notification No. 11/2016 and 12/2016 a procedure for furnishing and verification of Form 26A/27BA is introduced for removing of default of Non Deduction/Collection Transaction… Read more »
7th May – Due date for TDS & TCS payment for April
7th May, 2020 is the due date for TDS and TCS payments for the deductions made in April 2020. Make sure to do the needful on time to avoid interest…. Read more »
30th April – Due date for TDS payment
Filing of TDS Returns for the quarter ended March 2020 (FY:2019-20 Quarter 4) is already under way since 1st April. Due date for payment of tax deductions for March 2020… Read more »
Preparing Salary TDS Return – Form 24Q (Q4)
Owing to pay salary to an employee the employer deducts a certain amount of TDS from salary of that employee u/s 192. The employer should file TDS return on salary… Read more »
COVID 2019 – No change in TDS / TCS payment dates
As per the press note issued by Department of Revenue, Ministry of Finance on 31/03/2020, the following has been mentioned related to TDS & TCS: “It has provided that reduced… Read more »