Due Dates for the month of February 2016
7 February 2016 – Due date for deposit of Tax deducted/collected for the month of January, 2016. However, all sum deducted/collected by an office of the government shall be paid… Read more »
Category: Traces
Defaults in Quarterly TDS Statements exceeding Rs. 1 Crore from FY 2007-08 to Q2, FY 2015-16
CPC (TDS) has released a follow up communication to all deductors regarding Defaults in Quarterly TDS return exceeding Rs. 1 Crore from FY 2007-08 to Q2, FY 2015-16. The released communication… 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 »
Statutory provisions attracted on failure to deposit tax in government account after deduction
Where the employee 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 »
Issue TDS certificates (Q3) by 30th January, 2016
Last date for issuance of TDS certificates for Quarter 3 of FY: 2015-16 – 30th January, 2016 The above is applicable for all other than government deductors Delay in certificates… Read more »
CBDT: Initiatives for Reducing Litigation
Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes PRESS RELEASE New Delhi, 15th January, 2016 Subject: Initiatives for reducing litigation- regarding. Reducing litigation with… Read more »