Category Archives: TIN NSDL

Tips to avoid Defaults in TDS Returns

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Make sure taxes are deducted on time and at correct deduction rates /amount. The applicable section under which the deduction falls should be correctly applied. Tax needs to be deducted… Read more »

Interest on Late Payment of TDS

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In case the assessee deposits the TDS Payment after the due date of payment of the tax deducted at source, he shall be liable to pay interest @1.5% for every… Read more »

TCS Return – Due Date 15th January for Quarter 3

15th January is the last date for filing  TCS Returns for FY:19-20, Quarter 3. Typically TCS is applicable on sale of items like scrap, forest products, minerals, bullion, etc. and is… Read more »

Statutory provisions attracted on failure to deposit tax in government account after deduction

If the employer has deducted the tax at source but failed to deposit wholly or partly, the tax so deducted in government account, the following statutory provisions are attracted:- Interest… Read more »