Category: TDS certificates

TDS Certificates

Important Due Dates for the month of August 2015

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7 August 2015 – Due date for deposit of Tax deducted/collected for the month of July, 2015 15 August 2015 – Quarterly TDS certificate (in respect of tax deducted for… Read more »

CPC (TDS) thanks deductors for availing Online Correction facility at TRACES

CPC (TDS) has issued a communication in which it has thanked deductors for promptly availing the Online Correction facility at TRACES on receipt of Intermediate Defaults Communication.  The issued communication has been… Read more »

Important information for downloading of TDS Certificates

Given below are some important information regarding downloading of TDS certificates. Refer to the following provisions of the Income Tax Act, 1961: Downloading of TDS Certificates from TRACES made mandatory:   … Read more »

Points to remember before filing the quarterly TDS statement

Given below are the points one should remember before filing quarterly TDS statement: Correct Reporting: Cancellation of TDS return and deductee row is no longer permissible. Accordingly, it is very important to… Read more »

TDS and TCS Rates Chart for F.Y. 2015-16

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The TDS and TCS rates chart for the financial year 2015-16 has been given below: TDS rates for F.Y. 2015-16  Nature of Payment Made To Residents Cutoff (Rs.) Company / Firm… Read more »

Fees and Penalty for Late Filing of TDS Returns

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Fees and Penalty for Late Filing of TDS Returns are as follows: Section 234E-Levy of Fees  Failure to submit TDS return on time will result in fees on the deductor. If… Read more »