Category: Traces

File your TDS Returns (Q2) by 31st October, 2018

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LAST DATE OF TDS RETURN FILING FOR QUARTER 2, FY: 2018-19 IS 31st OCTOBER, 2018 With the introduction of Section 234E, there is now a provision of stringent penalties for… Read more »

Points to remember regarding TDS statement

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

Popular reasons for shifting out from outsourcing to preparing TDS Returns in-house

Based on a sample survey of around 100 organizations that shifted out of outsourcing, some of the popularly cited reasons included the following: Receiving a number of Default Notices for… Read more »

Fees for Late Filing of TDS Returns

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Fees 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 you delay… Read more »

Do’s & Dont’s for TDS Returns

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Given below are some dos and don’t for the filing of TDS returns: Dos Ensure that TDS return is filed with the same TAN against which TDS payment has been… Read more »

TDS & TCS Rate Chart (FY: 2018-19 / AY: 2019-20)

    TDS RATE CHART FY: 2018-19 (AY: 2019-20) Section Nature of Payment  Threshold Indv/ HUF Others     Rs. TDS Rate (%) 192 Salaries  –  Avg  – 192A Premature… Read more »