10 Things about SMS alerts on Salary TDS Deduction
Here are 10 things to know about sms alerts on Salary TDS Deduction: 1) As many as 2.5 crore salaried taxpayers will now receive SMS alerts from the Income Tax… Read more »
Various types of defaults that may get generated on 26QB processing
Following are the types of Defaults that may get generated on 26QB processing:- 1.Short Deduction: Short deduction is computed when the rate at which TDS Deducted’ is less than 1%…. Read more »
CBDT notifies reporting of cash deposit b/w 09.11.2016 to 30.12.2016
Amendment in Rule 114B for compulsory quoting of pan in case of cash deposit exceeding Rs. 50000 in a single day or aggregating to more than Rs. 2.5 lakh during… Read more »
Procedure to generate Form 16B
Form 16B shall be generated by TDS-CPC after the processing of Form 26QB (statement come Challan form) filed by buyer. Following are the steps to generate form 16B:- Buyer has… Read more »
When and How to claim TDS Refund
In case of excess deduction of tax at source, claim of refund of such excess TDS can be made by the deductor. The excess amount is refundable as per procedure… Read more »
Useful guidelines to avoid common mistakes while submitting TDS Statements
Following are some useful guidelines to avoid common mistakes, while submitting TDS Statements and you are requested to go through the following in detail. Incorrect reporting of 197 Certificates: Please… Read more »