What is Form 26AS?
Form 26AS is the acknowledgement of receipt of Tax Deducted at Source (TDS), It shows the deducted amount which is the credit available against the Income Tax liability of the… Read more »
Category: TDS Rates
TDS Computation When an Employee Works for 2 Companies (Employers) in a Financial Year
There are 2 types of scenarios in which an individual may be working for more than one employers in a financial year. they are as follows: • When he changes… Read more »
Benefits of Using TDSMAN
Prepare Returns for all Forms -24Q, 26Q, 27Q, 27EQ Prepare Correction statements Covers all previous financial years Import Data from Excel and Conso file Multi user option available (at additional… Read more »
Types of Corrections in TDS Returns
There are 6 types of corrections namely C1, C2, C3, C4, C5, C9. The following table briefly talks about each correction type: Type Corrections in: C1 Deductor details: All details… Read more »
Same Payment Challan can be used for TDS under different Sections/ Heads
Same Payment Challan can be used for TDS under different Sections/ Heads Payments can be made for TDS against multiple Sections in a single challan. For example a payment against… Read more »
Tips to avoid Defaults in TDS Returns
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… Read more »