Dos and Don’t for filing of TDS returns
Given below are some dos and dont for filing of TDS returns: Dos Ensure that TDS return is filed with same TAN against which TDS payment has been made. Ensure… Read more »
Category: TDS
Seek easy exemption from TDS on interest: File Form 15G/H electronically
The CBDT has simplified the procedure for filing of self declaration by individuals in 15G and 15H forms, allowing them to do it electronically. Seek easy exemption from TDS on interest:… Read more »
TDS RETURNS – Get ready for 2nd Quarter of FY: 2015-16
The last date of filing TDS returns for the second quarter of FY 2015-16 falls due on 15th October 2015. It is very important to file returns on time because… Read more »
Defaults in quarterly TDS Statements exceeding 10 Lakhs from FY 2007-08 to 2015-16, Qtr 1
CPC(TDS) has issued a follow up communication to all deductors regarding outstanding Defaults in quarterly TDS Statements submitted by them during FY 2007-08 to 2015-16, Quarter 1. The issued communication… Read more »
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 »
Guidelines to avoid different types of TDS defaults
Following are some important facts to be adhered to, while submitting TDS statements, to avoid each type of Default: Late Payment Defaults: The taxes deducted must be deposited within the… Read more »