Difference between Late Payment & Late Deduction
The difference between late payment and late deduction: Late payment: After the tax is deducted at source it has to be deposited into the government account by 7th of the… Read more »
Category: TDS payment
Interest on Late Payment of TDS
In case the assessee deposits the TDS Payment after the due date of payment of the tax deducted at source, he shall be liable to pay interest @1.5% for every… Read more »
Interest on Late Deduction of TDS
The due date for deduction is either at the time of giving credit or payment of the dues, whichever is earlier. Late deduction happens in the event the tax is… Read more »
Tax Deducted at Source(TDS) on salaries for FY 2017-18 AY 2018-19
CBDT has issued circular no. 29/2017 dated 05.12.2017 in which the guidelines and instructions have been explained about calculation of TDS on Salary in FY 2017-18 AY 2018-19 under section… Read more »
TDS on Non-Salary Payments – Good Practices
We are sharing with you some insights on good practices related to tax deductions for non-salary related payments: Based on the type of payment, make sure the Section is properly… Read more »
Enhance Goodwill with TDS Compliances
For tax deductions of employees, vendors or others, one needs to ensure timely transfer of tax credit to their account. This is possible only by proper compliances which is listed… Read more »