Steps for registration and e-filing of Form 15G and Form 15H
Below are the steps for registration and e-filing of Form 15G and Form 15H at the Income Tax India e-filing portal. Registration You need to visit Income Tax India e-filing… Read more »
Category: TDS payment
Points to remember regarding TDS statement
Given below are the points one should remember regarding TDS statement: Correct Reporting: Cancellation of TDS return and deductee row is no longer permissible. Accordingly, it is very important to report… Read more »
Popular reasons for shifting out from outsourcing to preparing TDS Returns in-house
Based on a sample survey of around 100 organizations that shifted out of outsourcing, some of the popularly cited reasons included the following: Receiving a number of Default Notices for… Read more »
Unused Challan value can be used for future quarters / financial years
Unused tax paid in a challan can be used in the remaining quarters of the current financial year and can also be carried forward to the next year. For Example,… 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 »
Tips to avoid Defaults in TDS Returns
Make sure taxes are deducted on time and at correct deduction rates /amount. The applicable section under which the deduction falls should be correctly applied. Tax needs to be deducted… Read more »