Putting TDS provisions for recurring deposits to work
TDS on recurring deposits makes investors either submit the exemption forms if there is no taxable income. In case of TDS on RD, they may have to revisit their tax… Read more »
Category: TIN NSDL
If tax is deducted under a wrong provision of the Income-tax Act, the payment is to be disallowed under Section 40(a)(ia) of the said Act
Recently, the Kerala High Court (High Court) in the case of P V S Memorial Hospital Ltd1 (the taxpayer) held that if the tax is deductible under Section 194J2 of… Read more »
Important Due Dates for the month of August 2015
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 »
Things to note to avoid notice from Department
With the Income Tax Department becoming net savvy and going online, it has become very easy for them to identify discrepancies in your papers and to keep a close eye… Read more »
Deposit TDS by 7th August, 2015 for tax deducted during July 2015
The due date for payment of TDS deducted during July 2015 is 7th August, 2015 Please Note: For delayed payments, interest @ 1.5 for each month or part thereof will… Read more »
Reasons to reject the correction in challan detail by TDS-CPC
Rejection reasons pertaining to challan details are as follows: Challan detail record on which correction has been filed does not exist in regular / previous statement In a correction statement,… Read more »