Category: TDSMAN Software

Higher Rate of TDS for Non-Furnishing of PAN – Section 397(2) (206AA & 206CC)

The provisions relating to higher deduction or collection of tax at source in cases where Permanent Account Number (PAN) is not furnished have been restructured under the Income-tax Act, 2025…. Read more »

Failure to Pay TDS to Government – Section 476 (276B)

The provisions relating to prosecution for failure to deposit Tax Deducted at Source (TDS) to the credit of the Central Government have been restructured under the Income-tax Act, 2025. The… Read more »

Late Filing of TDS/TCS Statements – Fee, Penalty and Compliance Requirements

Timely filing of TDS and TCS statements is an essential compliance requirement under the Income-tax Act. Delay in furnishing such statements may result in levy of late filing fee, notices,… Read more »

TDS on Payments to Non-Residents – Section 393(2) (Section 195)

The provisions relating to deduction of tax at source on payments made to non-residents have been restructured under the Income-tax Act, 2025. The earlier Section 195 of the Income-tax Act,… Read more »

TDS on Payments to Partners – Section 393(3) (194T)

The provisions relating to TDS on payments made by partnership firms to partners have been restructured under the Income-tax Act, 2025. The earlier Section 194T of the Income-tax Act, 1961… Read more »

TDS on Virtual Digital Assets – Section 393(1) (194S)

The provisions relating to TDS on transactions involving virtual digital assets have been restructured under the Income-tax Act, 2025. The earlier Section 194S of the Income-tax Act, 1961 is now… Read more »