CPC(TDS) has issued a follow up communication to all deductors regarding outstanding Defaults in quarterly TDS Statements submitted by them during FY 2007-08 to 2015-16, Quarter 1. The issued communication… Read more »
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 »
Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes PRESS RELEASE New Delhi, 1st October, 2015 Subject: Extension of date for filing of Income tax… Read more »
Government said it received an amount of Rs 3,770 crore from 638 declarations under the one-time black money compliance window that closed on 30th September 2015. “638 number of declarations… Read more »
Following are some important facts to be adhered to, while submitting TDS statements, to avoid each type of Default: Late Payment Defaults: The taxes deducted must be deposited within the… Read more »
The CBDT has simplified the procedure for filing of self declaration by individuals in 15G and 15H forms, allowing them to do it electronically. Forms 15G and 15H are filed… Read more »