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NSDL TCS TDS TDS certificates Traces

Section 194N – TDS on Cash Withdrawals

In an endeavor to reduce cash payments/withdrawals the Budget of 2019 introduced Section 194N; which states that TDS shall be deducted by the payer in case of cash withdrawal above a given threshold. Applicability: Applies in case of cash withdrawals of more than Rs 1 crore during a financial year. Applies to sum of money […]

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CBDT Income Tax NSDL PAN TAN TCS TDS TDS certificates TIN NSDL Traces

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 of deductor except the TAN No. can be modified. C2 Challan details: All details of the challan can be modified. C2 can include C1 type […]

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CBDT TDS TDS certificates TDS Circulars TDS return

Further Extension of Date for TDS Returns (FY: 2020-21, Q-4)

Extension of time limits for certain TDS compliances has taken place, to provide relief to taxpayers in view of the severe pandemic. Reference: Circular No. 12 dated 25th June 2021 issued by CBDT 15th July 2021 – Due date of filing TDS Return for Quarter 4 of Financial Year 2020-2021 (Earlier it was 30th June […]

Categories
NSDL TCS TDS TDS certificates Traces

Section 194N – TDS on Cash Withdrawals

In an endeavor to reduce cash payments/withdrawals the Budget of 2019 introduced Section 194N; which states that TDS shall be deducted by the payer in case of cash withdrawal above a given threshold. Applicability: Applies in case of cash withdrawals of more than Rs 1 crore during a financial year. Applies to sum of money […]