Category Archives: TDS

Tax Deducted At Source

Healthy Practices for Error-Free TDS Returns

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Healthy practices for error-free TDS returns has been given below:  Deduction/ Collection of Tax at Correct Rates. Timely Deposit of Tax Deducted at Source. Accurate Reporting of data related to… Read more »

7th September – last date for TDS & TCS payment

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7th September, 2019 is the last date for TDS and TCS payments for the deductions made in August 2019. Make sure to do the needful on time to avoid interest…. Read more »

Form 26A/27BA – Rationale and Brief Analysis

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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 »

Nil TDS Statement / Declaration – Overview

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TRACES introduced NIL TDS Statement/Declaration of TDS from the FY 2014-15. This is applicable for Deductors who did not deduct any tax during the relevant quarter. What is the benefit… Read more »