Category: TDS certificates

TDS Certificates

Statutory provisions attracted on failure to deduct tax

Where the employer has failed to deduct tax or when short deduction of tax has been done, following statutory provisions are attracted:- Charging of interest u/s 201(1A) – The deductor… Read more »

Due Dates for the month of May 2015

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Important due dates in the month of May 2015 has been given below: 7 May 2015 – Due date for deposit of Tax deducted/collected for the month of April, 2015… Read more »

Closure of Short Payment Defaults in excess of Rupees 50 Lakh in TDS Statements filed since FY 2007-08 onwards

CPC(TDS) has issued a follow up communication to all deductors regarding closure of Short Payment Defaults in excess of Rupees 50 Lakh in TDS Statements filed since FY 2007-08 onwards…. Read more »

CPC (TDS) follow-up for closure of Short Payment Defaults in excess of Rupees 1 Crore in TDS Statements filed since FY 2007-08 onwards

CPC (TDS) has observed from its records that there are outstanding Short Payment Defaults exceeding Rs. 1 Crore, with respect to TDS Statements filed by the deductors since Financial Year… Read more »

TDS and TCS Rates Chart for F.Y. 2014-15

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TDS Rates for F.Y. 2014-15 Nature of Payment Made To Residents Threshold(Rs.) Company / Firm / Co-operative Society / Local Authority Individual / HUF If No / Invalid PAN Section-Description… Read more »

TDS Compliance for 4th Quarter of FY: 2014-15

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Last date for payment of tax deductions for March 2015 – 30th April, 2015 Last date for filing of TDS returns for Q4 of FY: 2014-15 – 15th May, 2015… Read more »